401(k) · DOL Form 5500 · 2023

Shields Health Care Group, Inc. 401(k) Plan

Data updated 2026-08-25

$88M
Total assets Below avg plan size
1,093
Participants Near avg headcount
90th
Percentile by assets National rank
$80,734
Avg per participant Below avg balance/head
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Official DOL plan name: Shields Health Care Group 401(k) Profit Sharing Plan · Sponsored by Shields Health Care Group, Inc. · Massachusetts · Healthcare & Social Assistance

$88M in assets, 1,093 participants

Shields Health Care Group, Inc.'s Shields Health Care Group 401(k) Profit Sharing Plan reported $88M in total assets and 1,093 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #16,216 in Healthcare & Social Assistance (17,684 peers)

Where Shields Health Care Group 401(k) Profit Sharing Plan sits by assets

Shields Health Care Group 401(k) Profit Sharing Plan sits in the top 10% of all filed plans by assets, $88M for 1,093 participants (~$80,734/participant), up 17.4% in 2023.

#16,216
in Healthcare & Social Assistance (17,684 peers)
+17.4%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Shields Health Care Group 401(k) Profit Sharing Plan's outsized position by total assets

Shields Health Care Group 401(k) Profit Sharing Plan vs every filed plan by assets

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

$88,242,706 Top 10% higher than 90% 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

Shields Health Care Group 401(k) Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Shields Health Care Group 401(k) Profit Sharing Plan lands in the large band (1,093 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Shields Health Care Group 401(k) Profit Sharing Plan reported net income rose from -$12M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Shields Health Care Group 401(k) Profit Sharing Plan end-of-year assets rose from $75M in the plan year 2022 filing to $88M in the plan year 2023 filing.
  • Shields Health Care Group 401(k) Profit Sharing Plan reported participants rose from 1,041 in the plan year 2022 filing to 1,093 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 042974694 · Shields Health Care Group, Inc. PY 2023 · 401(k)

Shields Health Care Group 401(k) Profit Sharing Plan · $88M · 1,093 · 90th

  • PART $88M
  • PART 1,093
  • PART 90th
  • PART 401(k)
  • PART near Regis Hr Group 401(k) Plan
  • PART ind #16216

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 Healthcare & Social Assistance retirement plans → · Plans in Massachusetts →

Shields Health Care Group 401(k) Profit Sharing Plan in the asset neighbourhood

Legends 401(k) Profit Sharing PlanLegends 401(k) Profit Sharin…$88MPerformance Trust Retirement PlanPerformance Trust Retirement…$88MShields Health Care Group 401(k) Profit Sharing PlanShields Health Care Group 40…$88MRegis Hr Group 401(k) Plan$88MBank-Fund Staff Federal Credit Union Employee Retirement PlanBank-Fund Staff Federal Cred…$88M
End-of-year total assets ($M) among Shields Health Care Group 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$75M
Net Assets (End of Year)$88M
Net Income$13M
Employer EIN042974694
Plan Effective Date1988-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shields Health Care Group, Inc.)

Sponsor-wide plan assets over time

All Shields Health Care Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$104M 38.0490884205592% vs 2022
2024 filing year
$70M$80M$90M$100M$110M 202220232024 $75.2M $104M ▲ +38.1%
Year Plans Participants Total Assets
2022 1 1,041 $75M
2023 1 1,093 $88M
2024 1 1,142 $104M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Shields Health Care Group 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Shields Health Care Group 401(k) Profit Sharing Plan, Total assets ($B): 0.088242706 · Participants: 1093Shields Health Care Group 401(k) Profit Sharing PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Shields Health Care Group 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Shields Health Care Group 401(k) Profit Sharing Plan side-by-side with 3 peers →

Shields Health Care Group 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Regis Hr Group 401(k) Plan in FL ($88M); by covered participants it is Novo Building Products in MI (1,093 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($88M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,093 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 Shields Health Care Group 401(k) Profit Sharing Plan assets move in 2023? ▼
Shields Health Care Group 401(k) Profit Sharing Plan grew sharply - up 17.4% during 2023, from $75M to $88M. Reported net income was $13M.
How have Shields Health Care Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Shields Health Care Group, Inc.'s sponsor-wide assets grew 38.0%, from $75M to $104M.
Where does Shields Health Care Group 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Shields Health Care Group 401(k) Profit Sharing Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Shields Health Care Group 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Regis Hr Group 401(k) Plan in FL ($88M, 4,559 participants).
Which 401(k) plans cover a similar participant headcount to Shields Health Care Group 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Novo Building Products in MI (1,093 participants, $38M 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 042974694.

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.