Profit Sharing · DOL Form 5500 · 2023

Psalms, Inc. Profit Sharing Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
187
Participants Below avg headcount
28th
Percentile by assets National rank
$8,365
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Psalms, Inc. Retirement Plan · Sponsored by Psalms, Inc. · Tennessee · Healthcare & Social Assistance

$2M in assets, 187 participants

Psalms, Inc.'s Psalms, Inc. Retirement Plan reported $2M in total assets and 187 participants in its 2023 DOL Form 5500 filing, ranking in the 28th 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.

  • #4,433 in Healthcare & Social Assistance (17,684 peers)

Coverage in Tennessee

Psalms, Inc. Retirement Plan covers 187 participants in Tennessee, about 17% of the average Tennessee filer (state average ~1,126 per filing). Assets: $2M.

#4,433
in Healthcare & Social Assistance (17,684 peers)
+10.6%
assets growth YoY

Psalms, Inc. Retirement Plan among the smaller filed plans by assets

Psalms, Inc. Retirement Plan vs every filed plan by assets

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

$1,564,177 28th percentile higher than 28% 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

Psalms, Inc. Retirement 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. Psalms, Inc. Retirement Plan sits mid-pack in the medium band (187 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Psalms, Inc. Retirement Plan reported net income rose from -$379K in the plan year 2022 filing to $150K in the plan year 2023 filing.
  • Psalms, Inc. Retirement Plan end-of-year assets rose from $1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Psalms, Inc. Retirement Plan reported participants fell from 189 in the plan year 2022 filing to 187 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 621106224 · Psalms, Inc. PY 2023 · Profit Sharing

Psalms, Inc. Retirement Plan · $2M · 187 · 28th

  • PART $2M
  • PART 187
  • PART 28th
  • PART Profit Sharing
  • PART near Leyda Guzman Sanchez Retirement Plan
  • PART ind #4433

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 Tennessee →

Psalms, Inc. Retirement Plan in the asset neighbourhood

Psalms, Inc. Retirement Plan$2MLeyda Guzman Sanchez Retirement PlanLeyda Guzman Sanchez Retirem…$2MHealthy Kids - Profit Sharing PlanHealthy Kids - Profit Sharin…$2MCapital Craftsmen, Inc. Profit Sharing PlanCapital Craftsmen, Inc. Prof…$2MLatoni Plastic and Reconstructive Surgery, Psc Retirement PlanLatoni Plastic and Reconstru…$2M
End-of-year total assets ($M) among Psalms, Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$1M
Net Assets (End of Year)$2M
Net Income$150K
Employer EIN621106224
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Psalms, Inc.)

Sponsor-wide plan assets over time

All Psalms, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 15.14113121394274% vs 2022
2024 filing year
$1.3M$1.4M$1.5M$1.6M$1.7M 202220232024 $1.41M $1.63M ▲ +15.6%
Year Plans Participants Total Assets
2022 1 189 $1M
2023 1 187 $2M
2024 1 182 $2M

Nearby Profit Sharing Plans in Tennessee

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

Psalms, Inc. Retirement Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -2000200400600 Total assets ($M) Participants Psalms, Inc. Retirement Plan, Total assets ($M): 1.564177 · Participants: 187Psalms, Inc. Retirement PlanBallad Health 401(a) Plan, Total assets ($M): 478.135258 · Participants: 5420Ballad Health 401(a) PlanShreveport Electrical Industry Profit Sharing Plan, Total assets ($M): 87.734816 · Participants: 494Shreveport Electrical Industry Profit Sharing PlanNew Orleans Electrical Annuity Plan, Total assets ($M): 77.298273 · Participants: 1475New Orleans Electrical Annuity PlanUlps Employee Savings Plan, Total assets ($M): 66.606114 · Participants: 237Ulps Employee Savings PlanGerber/Taylor Capital Advisors Profit Sharing Plan, Total assets ($M): 45.840819 · Participants: 40Gerber/Taylor Capital Advisors Profit Sharing Plan
Psalms, Inc. Retirement Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants
Compare Psalms, Inc. Retirement Plan side-by-side with 3 peers →

Psalms, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Tennessee, the nearest Profit Sharing by assets is Leyda Guzman Sanchez Retirement Plan in PR ($2M); by covered participants it is Technipaq, Inc. 401(k) Profit Sharing Plan in IL (187 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (187 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 Psalms, Inc. Retirement Plan assets move in 2023? ▼
Psalms, Inc. Retirement Plan grew at a solid clip - up 10.6% during 2023, from $1M to $2M. Reported net income was $150K.
How have Psalms, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Psalms, Inc.'s sponsor-wide assets grew 15.1%, from $1M to $2M.
Which Profit Sharing plans are similar in size to Psalms, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Leyda Guzman Sanchez Retirement Plan in PR ($2M, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Psalms, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Technipaq, Inc. 401(k) Profit Sharing Plan in IL (187 participants, $6M 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 621106224.

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.