Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan

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

Sponsored by Tennsmith Holdings Inc. · Tennessee · Manufacturing

What the 2023 filing shows

Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan holds $6M for 132 participants — about $42,695 per participant, up 9.0% over the 2023 plan year.

$6M
total plan assets (2023 EOY)
132
covered participants
$42,695
avg assets per participant
+9.0%
assets growth YoY
Total Assets (2023)
$6M
Participants
132
State
Industry
Manufacturing

What the Filing Says About Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan

Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan is a Profit Sharing retirement plan sponsored by Tennsmith Holdings Inc., headquartered in Tennessee. As of the 2023 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 132 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 863624328, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $5M at the beginning of 2023 to $6M at year-end — a gain of 9.0%. Net assets (after liabilities) closed the year at $6M, with reported net income of $465K 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)$5M
Total Assets (End of Year)$6M
Net Assets (End of Year)$6M
Net Income$465K
Plan TypeProfit Sharing
Employer EIN863624328
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Tennsmith Holdings Inc.)

Year Plans Participants Total Assets
2022 1 127 $5M
2023 1 132 $6M
2024 1 128 $7M

Nearby Profit Sharing Plans in Tennessee

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

Frequently Asked Questions

How much money is in the Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan?
As of the 2023 Form 5500 filing, Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan holds $6M in total assets with 132 participants. It is sponsored by Tennsmith Holdings Inc..
What type of plan is Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan?
Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan is a Profit Sharing plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 863624328.
Who sponsors the Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan?
Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan is sponsored by Tennsmith Holdings Inc., located in Tennessee. The sponsor's EIN is 863624328 and the plan operates in the Manufacturing industry.
How did Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan perform in 2023?
Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan grew by 9.0% during 2023, moving from $5M to $6M in total assets. Net income was $465K.
Where can I find official filings for Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan?
Official Form 5500 filings for Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 863624328 or plan name at efast.dol.gov.
How does Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan compare to other plans?
You can compare Tennsmith Holdings Inc. Employee Savings & Profit Sharing Plan against other Profit Sharing plans on the plan type page, or view plans in Tennessee 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 863624328.

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.