Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

Versicare Group 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Behavioral Outcomes Management, LLC · Michigan · Administrative & Support Services

What the 2023 filing shows

Versicare Group 401(k) Plan holds $4M for 711 participants — about $5,488 per participant, up 63.6% over the 2023 plan year.

$4M
total plan assets (2023 EOY)
711
covered participants
$5,488
avg assets per participant
+63.6%
assets growth YoY
Total Assets (2023)
$4M
Participants
711
State
Industry
Administrative & Support Services

What the Filing Says About Versicare Group 401(k) Plan

Versicare Group 401(k) Plan is a Profit Sharing retirement plan sponsored by Behavioral Outcomes Management, LLC, headquartered in Michigan. As of the 2023 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 711 participants across the Administrative & Support Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 823561431, and the plan has been effective since 2022-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2023 to $4M at year-end — a gain of 63.6%. Net assets (after liabilities) closed the year at $4M, with reported net income of $2M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$2M
Total Assets (End of Year)$4M
Net Assets (End of Year)$4M
Net Income$2M
Plan TypeProfit Sharing
Employer EIN823561431
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Behavioral Outcomes Management, LLC)

Year Plans Participants Total Assets
2022 1 727 $2M
2023 1 711 $4M
2024 1 784 $6M

Nearby Profit Sharing Plans in Michigan

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Frequently Asked Questions

How much money is in the Versicare Group 401(k) Plan?
As of the 2023 Form 5500 filing, Versicare Group 401(k) Plan holds $4M in total assets with 711 participants. It is sponsored by Behavioral Outcomes Management, LLC.
What type of plan is Versicare Group 401(k) Plan?
Versicare Group 401(k) Plan is a Profit Sharing plan. It has been effective since 2022-01-01. The plan is filed with the U.S. Department of Labor under EIN 823561431.
Who sponsors the Versicare Group 401(k) Plan?
Versicare Group 401(k) Plan is sponsored by Behavioral Outcomes Management, LLC, located in Michigan. The sponsor's EIN is 823561431 and the plan operates in the Administrative & Support Services industry.
How did Versicare Group 401(k) Plan perform in 2023?
Versicare Group 401(k) Plan grew by 63.6% during 2023, moving from $2M to $4M in total assets. Net income was $2M.
Where can I find official filings for Versicare Group 401(k) Plan?
Official Form 5500 filings for Versicare Group 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 823561431 or plan name at efast.dol.gov.
How does Versicare Group 401(k) Plan compare to other plans?
You can compare Versicare Group 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Michigan on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 823561431.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.