Profit Sharing · DOL Form 5500 · 2023
Shands Teaching Hospital and Clinics, Inc. Profit Sharing Plan
Data updated 2026-08-06
- $421M
- Total assets
- 9,825
- Participants
- 97th
- Percentile by assets
- $42,856
- Avg per participant
Official DOL plan name: Shands Health Care Matched Savings Account 401(a) · Sponsored by Shands Teaching Hospital and Clinics, Inc. · Florida · Healthcare & Social Assistance
$421M in assets, 9,825 participants
Shands Teaching Hospital and Clinics, Inc.'s Shands Health Care Matched Savings Account 401(a) reported $421M in total assets and 9,825 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 97th percentile by assets (of 126,618 plans)
- #17,141 in Healthcare & Social Assistance (17,626 peers)
Coverage in Florida
Shands Health Care Matched Savings Account 401(a) covers 9,825 participants in Florida, 16x the typical Florida plan (state average ~631 per filing). Assets: $421M.
- $421M
- total plan assets (2023 EOY)
- 9,825
- covered participants
- 97th
- percentile by assets (of 126,618 plans)
- $42,856
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Shands Health Care Matched Savings Account 401(a) reported net income rose from -$21M in the plan year 2022 filing to $72M in the plan year 2023 filing.
- Shands Health Care Matched Savings Account 401(a) end-of-year assets rose from $349M in the plan year 2022 filing to $421M in the plan year 2023 filing.
- Shands Health Care Matched Savings Account 401(a) reported participants rose from 9,486 in the plan year 2022 filing to 9,825 in the plan year 2023 filing.
Participants vs Florida filers
In Florida, the average filing covers about 631 participants across 6,304 plans. Shands Health Care Matched Savings Account 401(a) reports 9,825 participants - 16x that state average ($421M EOY assets).
Florida filing particulars
| Total Assets (Beginning of Year) | $349M |
|---|---|
| Net Assets (End of Year) | $421M |
| Net Income | $72M |
| Employer EIN | 591943502 |
| Plan Effective Date | 1998-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Shands Teaching Hospital and Clinics, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 22,571 | $1.8B |
| 2023 | 3 | 23,391 | $2.0B |
| 2024 | 2 | 22,263 | $1.1B |
Nearby Profit Sharing Plans in Florida
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Shands Health Care Matched Savings Account 401(a) vs. nearby Profit Sharing plans in Florida, assets vs. participants
- Retirement Wealth Builder Plan of Pwc $4.9B · 44,753
- Raymond James Financial, Inc. & Affiliates Profit Sharing Plan $1.2B · 15,503
- Orlando Health, Inc. Retirement Savings Plan 401a $441M · 26,077
- American Maritime Officers Defined Contribution Plan $314M · 4,371
- Retirement Wealth Builder Plan for Business Services Staff of Pwc $231M · 4,716
Scale composition for Shands Health Care Matched Savings Account 401(a)
Shands Health Care Matched Savings Account 401(a) reports $421M in end-of-year assets across 9,825 participants (0.004% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.011% of 89,805,449 covered participants) - about $42,856 per participant (31% of the national average assets-per-participant) . Net income for plan year 2023 was $72M.
This plan identity (EIN 591943502, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $349M to $487M (+39.6%) while covered participants moved from 9,486 to 10,470 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,486 | $349M | Open filing |
| 2023 | 9,825 | $421M | This page |
| 2024 · index core | 10,470 | $487M | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Shands Healthcare Pension Plan II (Defined Benefit (Pension), $999M, 2,422 participants)
- Shands Healthcare Matched Savings Account 403(b) (Other, $625M, 11,793 participants)
- Shands Health Care Matched Savings Account 401(a) (Profit Sharing, $487M, 10,470 participants)
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Shands Health Care Matched Savings Account 401(a) by total assets, not by location.
- The Employees' Profit-Sharing Plan of Utility Trailer Manufacturing Company and Affiliated Companies (CA) $420M · 3,124
- Sidley Austin LLP Retirement Plan for Partners (IL) $423M · 632
- The Arc New York Affiliated Employers 401(k) Plan (NY) $417M · 11,366
- Structural Iron Workers Local #1 Annuity Plan (IL) $416M · 3,083
Frequently Asked Questions
How did Shands Health Care Matched Savings Account 401(a) assets move in 2023? ▼
How have Shands Teaching Hospital and Clinics, Inc. plan assets changed over time? ▼
Where does Shands Health Care Matched Savings Account 401(a) rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Shands Health Care Matched Savings Account 401(a)? ▼
Next read for Shands Health Care Matched Savings Accou…
Filing takeaways
Ways to act on Shands Health Care Matched Savings Account 401(a)'s numbers.
- By total assets, Shands Health Care Matched Savings Account 401(a) ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Florida. Compare plans
- Shands Teaching Hospital and Clinics, Inc.'s sponsor-wide assets have declined 39.1% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans