Other · DOL Form 5500 · 2023

Faith Academy of Mobile Retirement Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
143
Participants Small participant base
51st
Percentile by assets National rank
$48,538
Avg per participant Low balance/head
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Official DOL plan name: Faith Academy of Mobile Inc. 403b Plan · Sponsored by Faith Academy of Mobile · Alabama · Educational Services

$7M in assets, 143 participants

Faith Academy of Mobile's Faith Academy of Mobile Inc. 403b Plan reported $7M in total assets and 143 participants in its 2023 DOL Form 5500 filing, ranking in the 51st 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.

  • #1,306 in Educational Services (3,735 peers)

Coverage in Alabama

Faith Academy of Mobile Inc. 403b Plan covers 143 participants in Alabama, about 40% of the average Alabama filer (state average ~360 per filing). Assets: $7M.

#1,306
in Educational Services (3,735 peers)
+12.7%
assets growth YoY

Faith Academy of Mobile Inc. 403b Plan's mid-pack asset rank among Educational Services and all filers

Faith Academy of Mobile Inc. 403b Plan vs every filed plan by assets

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

$6,940,887 Top 49% higher than 51% 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

Faith Academy of Mobile Inc. 403b 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. Faith Academy of Mobile Inc. 403b Plan sits mid-pack in the medium band (143 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Faith Academy of Mobile Inc. 403b Plan reported net income rose from -$1M in the plan year 2022 filing to $783K in the plan year 2023 filing.
  • Faith Academy of Mobile Inc. 403b Plan end-of-year assets rose from $6M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Faith Academy of Mobile Inc. 403b Plan reported participants rose from 131 in the plan year 2022 filing to 143 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 581898405 · Faith Academy of Mobile PY 2023 · Other

Faith Academy of Mobile Inc. 403b Plan · $7M · 143 · 51st

  • EBSA $7M
  • EBSA 143
  • EBSA 51st
  • EBSA Other
  • EBSA near St Benedict Health Center Tax Deferred Annuity Plan
  • EBSA ind #1306

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 Educational Services retirement plans → · Plans in Alabama →

Faith Academy of Mobile Inc. 403b Plan in the asset neighbourhood

Faith Academy of Mobile Inc. 403b PlanFaith Academy of Mobile Inc.…$7MSt Benedict Health Center Tax Deferred Annuity PlanSt Benedict Health Center Ta…$7MGlenmeadow, Inc. 403(b) Retirement PlanGlenmeadow, Inc. 403(b) Reti…$7MIndependence Mission Schools 403(b) PlanIndependence Mission Schools…$7MBone and Joint Institute of Tennessee 403b PlanBone and Joint Institute of …$7M
End-of-year total assets ($M) among Faith Academy of Mobile Inc. 403b Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2023.

Alabama filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$7M
Net Income$783K
Employer EIN581898405
Plan Effective Date1990-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Faith Academy of Mobile)

Sponsor-wide plan assets over time

All Faith Academy of Mobile plans reported in each filing year

Latest sponsor-wide plan assets
$8M 25.366003934204308% vs 2022
2024 filing year
$6M$6.5M$7M$7.5M$8M 202220232024 $6.16M $7.72M ▲ +25.3%
Year Plans Participants Total Assets
2022 1 131 $6M
2023 1 143 $7M
2024 1 145 $8M

Nearby Other Plans in Alabama

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

Faith Academy of Mobile Inc. 403b Plan vs. nearby Other plans in Alabama, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 -0.500.511.5 Total assets ($B) Participants Faith Academy of Mobile Inc. 403b Plan, Total assets ($B): 0.006940887 · Participants: 143Faith Academy of Mobile Inc. 403b PlanUniversity of Alabama Health Services Foundation P.C. 403(b) Retirement Annuity Plan, Total assets ($B): 1.369303126 · Participants: 4563University of Alabama Health Services Foundation P.C. 403(b) Retirement Annuity PlanDrummond Company, Inc. Savings Plan for Salaried Employees, Total assets ($B): 0.119179693 · Participants: 451Drummond Company, Inc. Savings Plan for Salaried EmployeesSamford University 403(b) Salary Deferral and Defined Contribution Plan, Total assets ($B): 0.108027518 · Participants: 1619Samford University 403(b) Salary Deferral and Defined Contribution PlanUab Medicine Enterprise 403(b) Retirement Plan, Total assets ($B): 0.08743911 · Participants: 543Uab Medicine Enterprise 403(b) Retirement PlanBirmingham-Southern College Defined Contribution and Tax Deferred Annuity Plan, Total assets ($B): 0.084866155 · Participants: 464Birmingham-Southern College Defined Contribution and Tax Deferred Annuity Plan
Faith Academy of Mobile Inc. 403b Plan vs. nearby Other plans in Alabama, assets vs. participants
Compare Faith Academy of Mobile Inc. 403b Plan side-by-side with 3 peers →

Faith Academy of Mobile Inc. 403b Plan's out-of-state Other peers by assets and headcount

Outside Alabama, the nearest Other by assets is St Benedict Health Center Tax Deferred Annuity Plan in SD ($7M); by covered participants it is The Fay School Defined Contribution Retirement Plan in MA (143 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (143 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 Faith Academy of Mobile Inc. 403b Plan assets move in 2023? ▼
Faith Academy of Mobile Inc. 403b Plan grew at a solid clip - up 12.7% during 2023, from $6M to $7M. Reported net income was $783K.
How have Faith Academy of Mobile plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Faith Academy of Mobile's sponsor-wide assets grew 25.4%, from $6M to $8M.
Which Other plans are similar in size to Faith Academy of Mobile Inc. 403b Plan? ▼
Among Other plans in other states, the closest by assets is St Benedict Health Center Tax Deferred Annuity Plan in SD ($7M, 112 participants).
Which Other plans cover a similar participant headcount to Faith Academy of Mobile Inc. 403b Plan? ▼
Among Other plans in other states, the closest by covered participants is The Fay School Defined Contribution Retirement Plan in MA (143 participants, $35M 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 581898405.

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.