Profit Sharing · DOL Form 5500 · 2023

Propel Schools Profit Sharing Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
483
Participants Below avg headcount
71st
Percentile by assets National rank
$38,521
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Propel Schools 403(b) Plan · Sponsored by Propel Schools · Pennsylvania · Educational Services

$19M in assets, 483 participants

Propel Schools's Propel Schools 403(b) Plan reported $19M in total assets and 483 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #2,018 in Educational Services (3,735 peers)

Propel Schools multi-year trail

Propel Schools's plans moved -35.4% in assets from 2022 to 2024; this filing shows Propel Schools 403(b) Plan at $19M / 483 participants.

#2,018
in Educational Services (3,735 peers)
+32.2%
assets growth YoY

Propel Schools 403(b) Plan's outsized position by total assets

Propel Schools 403(b) Plan vs every filed plan by assets

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

$18,605,465 Top 29% higher than 71% 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

Propel Schools 403(b) 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. Propel Schools 403(b) Plan sits mid-pack in the medium band (483 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Propel Schools 403(b) Plan reported net income rose from -$1M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Propel Schools 403(b) Plan end-of-year assets rose from $14M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Propel Schools 403(b) Plan reported participants fell from 511 in the plan year 2022 filing to 483 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 030483260 · Propel Schools PY 2023 · Profit Sharing

Propel Schools 403(b) Plan · $19M · 483 · 71st

  • TYPE $19M
  • NET 483
  • BOOK 71st
  • VS-ST Profit Sharing
  • BOY near Charles E. Smith Life Communities Retirement Plan
  • SCH ind #2018

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 Pennsylvania →

Propel Schools 403(b) Plan in the asset neighbourhood

Jackson Lewis P.C. Profit Sharing PlanJackson Lewis P.C. Profit Sh…$19MSt. Mary's & Clearwater Valley Hospitals and Clinics 403(b) PlanSt. Mary's & Clearwater Vall…$19MPropel Schools 403(b) Plan$19MCharles E. Smith Life Communities Retirement PlanCharles E. Smith Life Commun…$19MTrinity Christian Academy Employer Funded Retirement PlanTrinity Christian Academy Em…$19M
End-of-year total assets ($M) among Propel Schools 403(b) Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Propel Schools multi-year asset trail

Sponsor-wide plan assets over time

All Propel Schools plans reported in each filing year

Latest sponsor-wide plan assets
$23M 35.37048857700773% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $35.4M $22.9M ▼ -35.4%
Year Plans Participants Total Assets
2022 7 2,184 $35M
2023 1 483 $19M
2024 1 524 $23M

Propel Schools filing trail (2023)

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$19M
Net Income$5M
Employer EIN030483260
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Pennsylvania

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

Propel Schools 403(b) Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Propel Schools 403(b) Plan, Total assets ($B): 0.018605465 · Participants: 483Propel Schools 403(b) PlanEastern Atlantic States Carpenters Annuity Fund, Total assets ($B): 2.13036391 · Participants: 17441Eastern Atlantic States Carpenters Annuity FundUniversity of Pennsylvania Basic Plan, Total assets ($B): 1.71732421 · Participants: 21016University of Pennsylvania Basic PlanInternational Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan, Total assets ($B): 1.126483012 · Participants: 3905International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing PlanTemple University Health System, Inc. Defined Contribution Retirement Plan, Total assets ($B): 0.763491384 · Participants: 10204Temple University Health System, Inc. Defined Contribution Retirement PlanMorgan, Lewis & Bockius LLP Defined Contribution Plan, Total assets ($B): 0.71403391 · Participants: 2458Morgan, Lewis & Bockius LLP Defined Contribution Plan
Propel Schools 403(b) Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
Compare Propel Schools 403(b) Plan side-by-side with 3 peers →

Propel Schools 403(b) Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Pennsylvania, the nearest Profit Sharing by assets is Charles E. Smith Life Communities Retirement Plan in MD ($19M); by covered participants it is New Hope Community, Inc. Retirement Plan in NY (483 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (483 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 Propel Schools 403(b) Plan assets move in 2023? ▼
Propel Schools 403(b) Plan surged - up 32.2% during 2023, from $14M to $19M. Reported net income was $5M.
How have Propel Schools plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Propel Schools's sponsor-wide assets declined 35.4%, from $35M to $23M.
Which Profit Sharing plans are similar in size to Propel Schools 403(b) Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Charles E. Smith Life Communities Retirement Plan in MD ($19M, 811 participants).
Which Profit Sharing plans cover a similar participant headcount to Propel Schools 403(b) Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is New Hope Community, Inc. Retirement Plan in NY (483 participants, $15M 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 030483260.

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.