Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

401(k) Profit Sharing Plan for Employees of Better Community Living, Inc.

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

Sponsored by Better Community Living, Inc. Β· Massachusetts Β· Healthcare & Social Assistance

What the 2023 filing shows

401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. holds $3M for 280 participants - about $9,372 per participant, up 29.4% over the 2023 plan year.

$3M
total plan assets (2023 EOY)
280
covered participants
$9,372
avg assets per participant
+29.4%
assets growth YoY
Total Assets (2023)
$3M
Participants
280
Industry
Healthcare & Social Assistance

What the Filing Says About 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc.

401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. is a Profit Sharing retirement plan sponsored by Better Community Living, Inc., headquartered in Massachusetts. As of the 2023 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 280 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 043028678, and the plan has been effective since 2013-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2023 to $3M at year-end β€” a gain of 29.4%. Net assets (after liabilities) closed the year at $3M, with reported net income of $597K 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 β€” 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)$3M
Net Assets (End of Year)$3M
Net Income$597K
Plan TypeProfit Sharing
Employer EIN043028678
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Better Community Living, Inc.)

Year Plans Participants Total Assets
2022 1 249 $2M
2023 1 280 $3M
2024 1 297 $3M

Nearby Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc.?
As of the 2023 Form 5500 filing, 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. holds $3M in total assets with 280 participants. It is sponsored by Better Community Living, Inc..
What type of plan is 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc.?
401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. is a Profit Sharing plan. It has been effective since 2013-01-01. The plan is filed with the U.S. Department of Labor under EIN 043028678.
Who sponsors the 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc.?
401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. is sponsored by Better Community Living, Inc., located in Massachusetts. The sponsor's EIN is 043028678 and the plan operates in the Healthcare & Social Assistance industry.
How did 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. perform in 2023?
401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. grew by 29.4% during 2023, moving from $2M to $3M in total assets. Net income was $597K.
Where can I find official filings for 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc.?
Official Form 5500 filings for 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 043028678 or plan name at efast.dol.gov.
How does 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. compare to other plans?
You can compare 401(k) Profit Sharing Plan for Employees of Better Community Living, Inc. against other Profit Sharing plans on the plan type page, or view plans in Massachusetts 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) β€” original filing retrieval by EIN 043028678.

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

Reference: IRS Publication 590-B β€” 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.