Profit Sharing · DOL Form 5500 · 2023

Scholarship America Inc. Profit Sharing Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
195
Participants Below avg headcount
54th
Percentile by assets National rank
$41,963
Avg per participant Low balance/head
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Official DOL plan name: Scholarship America 403(b) Retirement Plan · Sponsored by Scholarship America Inc. · Minnesota · Other Services

$8M in assets, 195 participants

Scholarship America Inc.'s Scholarship America 403(b) Retirement Plan reported $8M in total assets and 195 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #5,762 in Other Services (7,857 peers)

Coverage in Minnesota

Scholarship America 403(b) Retirement Plan covers 195 participants in Minnesota, about 17% of the average Minnesota filer (state average ~1,126 per filing). Assets: $8M.

#5,762
in Other Services (7,857 peers)
+20.8%
assets growth YoY

Scholarship America 403(b) Retirement Plan's mid-pack asset rank among Other Services and all filers

Scholarship America 403(b) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,182,865 Top 46% higher than 54% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Scholarship America 403(b) Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Scholarship America 403(b) Retirement Plan sits mid-pack in the medium band (195 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Scholarship America 403(b) Retirement Plan reported net income rose from -$1M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Scholarship America 403(b) Retirement Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Scholarship America 403(b) Retirement Plan reported participants fell from 210 in the plan year 2022 filing to 195 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 042296967 · Scholarship America Inc. PY 2023 · Profit Sharing

Scholarship America 403(b) Retirement Plan · $8M · 195 · 54th

  • PCT $8M
  • PCT 195
  • PCT 54th
  • PCT Profit Sharing
  • PCT near Affiliates in Dermatology Medical Group, Inc. Profit Sharing Plan
  • PCT ind #5762

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Other Services retirement plans → · Plans in Minnesota →

Scholarship America 403(b) Retirement Plan in the asset neighbourhood

The Stebbins Engineering and Mfg Co Profit-Sharing PlanThe Stebbins Engineering and…$8MAlliance Healthcare Services, Inc. Employer Retirement PlanAlliance Healthcare Services…$8MScholarship America 403(b) Retirement PlanScholarship America 403(b) R…$8MAffiliates in Dermatology Medical Group, Inc. Profit Sharing PlanAffiliates in Dermatology Me…$8MProfit Sharing Plan for the Employees of John E. Quarles CompanyProfit Sharing Plan for the …$8M
End-of-year total assets ($M) among Scholarship America 403(b) Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$1M
Employer EIN042296967
Plan Effective Date2010-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Scholarship America Inc.)

Sponsor-wide plan assets over time

All Scholarship America Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$10M 41.72882738428143% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $6.77M $9.6M ▲ +41.8%
Year Plans Participants Total Assets
2022 1 210 $7M
2023 1 195 $8M
2024 1 198 $10M

Nearby Profit Sharing Plans in Minnesota

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

Scholarship America 403(b) Retirement Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Scholarship America 403(b) Retirement Plan, Total assets ($B): 0.008182865 · Participants: 195Scholarship America 403(b) Retirement PlanEssentia Health Retirement Plan, Total assets ($B): 1.947015983 · Participants: 15491Essentia Health Retirement PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.617374084 · Participants: 6062Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.905961651 · Participants: 9417Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.609806339 · Participants: 4828Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.510990463 · Participants: 19870Cargill Employee Retirement Account Plan
Scholarship America 403(b) Retirement Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Scholarship America 403(b) Retirement Plan side-by-side with 3 peers →

Scholarship America 403(b) Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is Affiliates in Dermatology Medical Group, Inc. Profit Sharing Plan in CA ($8M); by covered participants it is Foundant Technologies 401(k) Plan in MT (195 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (195 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Scholarship America 403(b) Retirement Plan assets move in 2023? ▼
Scholarship America 403(b) Retirement Plan grew sharply - up 20.8% during 2023, from $7M to $8M. Reported net income was $1M.
How have Scholarship America Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Scholarship America Inc.'s sponsor-wide assets grew 41.7%, from $7M to $10M.
Which Profit Sharing plans are similar in size to Scholarship America 403(b) Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Affiliates in Dermatology Medical Group, Inc. Profit Sharing Plan in CA ($8M, 12 participants).
Which Profit Sharing plans cover a similar participant headcount to Scholarship America 403(b) Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Foundant Technologies 401(k) Plan in MT (195 participants, $9M in assets).

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 042296967.

Read our methodology - how this data is sourced, computed, and verified.

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