Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

Employee Benefit Plan of Boys and Girls Club of Greater Memphis

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

Sponsored by Boys and Girls Club of Greater Memphis · Tennessee · Other Services

What the 2023 filing shows

Employee Benefit Plan of Boys and Girls Club of Greater Memphis holds $1M for 219 participants — about $6,280 per participant, up 12.4% over the 2023 plan year.

$1M
total plan assets (2023 EOY)
219
covered participants
$6,280
avg assets per participant
+12.4%
assets growth YoY
Total Assets (2023)
$1M
Participants
219
State
Industry
Other Services

What the Filing Says About Employee Benefit Plan of Boys and Girls Club of Greater Memphis

Employee Benefit Plan of Boys and Girls Club of Greater Memphis is a Profit Sharing retirement plan sponsored by Boys and Girls Club of Greater Memphis, headquartered in Tennessee. As of the 2023 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 219 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 620646371, and the plan has been effective since 2021-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2023 to $1M at year-end — a gain of 12.4%. Net assets (after liabilities) closed the year at $1M, with reported net income of $152K 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 1 prior plan-year filing 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)$1M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$152K
Plan TypeProfit Sharing
Employer EIN620646371
Plan Effective Date2021-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Boys and Girls Club of Greater Memphis)

Year Plans Participants Total Assets
2023 1 219 $1M
2024 1 201 $2M

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 Employee Benefit Plan of Boys and Girls Club of Greater Memphis?
As of the 2023 Form 5500 filing, Employee Benefit Plan of Boys and Girls Club of Greater Memphis holds $1M in total assets with 219 participants. It is sponsored by Boys and Girls Club of Greater Memphis.
What type of plan is Employee Benefit Plan of Boys and Girls Club of Greater Memphis?
Employee Benefit Plan of Boys and Girls Club of Greater Memphis is a Profit Sharing plan. It has been effective since 2021-01-01. The plan is filed with the U.S. Department of Labor under EIN 620646371.
Who sponsors the Employee Benefit Plan of Boys and Girls Club of Greater Memphis?
Employee Benefit Plan of Boys and Girls Club of Greater Memphis is sponsored by Boys and Girls Club of Greater Memphis, located in Tennessee. The sponsor's EIN is 620646371 and the plan operates in the Other Services industry.
How did Employee Benefit Plan of Boys and Girls Club of Greater Memphis perform in 2023?
Employee Benefit Plan of Boys and Girls Club of Greater Memphis grew by 12.4% during 2023, moving from $1M to $1M in total assets. Net income was $152K.
Where can I find official filings for Employee Benefit Plan of Boys and Girls Club of Greater Memphis?
Official Form 5500 filings for Employee Benefit Plan of Boys and Girls Club of Greater Memphis are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 620646371 or plan name at efast.dol.gov.
How does Employee Benefit Plan of Boys and Girls Club of Greater Memphis compare to other plans?
You can compare Employee Benefit Plan of Boys and Girls Club of Greater Memphis 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 620646371.

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.