Money Purchase · DOL Form 5500 · 2023
Sumter Senior Services Money Purchase Plan
Data updated 2026-07-24
- $102
- Total assets
- 2
- Participants
- 0th
- Percentile by assets
- $51
- Avg per participant
Official DOL plan name: Employee Benefits Plan of Sumter Senior Services, Inc. · Sponsored by Sumter Senior Services · South Carolina · Healthcare & Social Assistance
$102 in assets, 2 participants
Sumter Senior Services's Employee Benefits Plan of Sumter Senior Services, Inc. reported $102 in total assets and 2 participants in its 2023 DOL Form 5500 filing, ranking in the 0th 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.
- 0th percentile by assets (of 126,618 plans)
What the 2023 filing shows
Employee Benefits Plan of Sumter Senior Services, Inc. holds $102 for 2 participants - about $51 per participant, among the smaller plans by assets on file, down 99.4% over the 2023 plan year.
- $102
- total plan assets (2023 EOY)
- 2
- covered participants
- 0th
- percentile by assets (of 126,618 plans)
- $51
- avg assets per participant
The plan reported a net loss of $17K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Money Purchase · DOL Form 5500 · 2023
What the Filing Says About Employee Benefits Plan of Sumter Senior Services, Inc.
Employee Benefits Plan of Sumter Senior Services, Inc. is a Money Purchase retirement plan sponsored by Sumter Senior Services, headquartered in South Carolina. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $102 in total end-of-year assets and covers 2 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 570609664, and the plan has been effective since 1985-05-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets contracted severely from $17K at the beginning of 2023 to $102 at year-end - down 99.4%. Net assets (after liabilities) closed the year at $102, with reported net income of -$17K 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 2 prior plan-year filings from the same sponsor shown below.
Across the 3 plan years Sumter Senior Services has on file with PlainRetire (2022-2024), sponsor-wide plan assets have moved from $17K to $109, a decline of 99.4%, while reported participants moved from 3 to 1 (-66.7%). The strongest year on file by total sponsor assets was 2022 at $17K; the softest was 2023 at $102. Year-by-year, sponsor-wide filings show: 2022 - $17K in assets across 1 plan covering 3 participants; 2023 - $102 in assets across 1 plan covering 2 participants; 2024 - $109 in assets across 1 plan covering 1 participant.
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.
How the percentile is calculated: we count every plan that filed a 2023 Form 5500 with a reported end-of-year asset figure (126,618 plans), rank Employee Benefits Plan of Sumter Senior Services, Inc. against all of them by total assets, and report the share of those plans it outranks. A plan reporting no asset figure for the year is excluded from the ranking rather than assumed to be zero.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $17K |
|---|---|
| Total Assets (End of Year) | $102 |
| Net Assets (End of Year) | $102 |
| Net Income | -$17K |
| Plan Type | Money Purchase |
| Employer EIN | 570609664 |
| Plan Effective Date | 1985-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sumter Senior Services)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3 | $17K |
| 2023 | 1 | 2 | $102 |
| 2024 | 1 | 1 | $109 |
Nearby Money Purchase Plans in South Carolina
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
Employee Benefits Plan of Sumter Senior Services, Inc. vs. nearby Money Purchase plans in South Carolina, assets vs. participants
- Holly Hill Academy Money Purchase Plan $1M · 5
- Ratliff Cpa Retirement Plan $234K · 3
- Cannon Memorial Hospital Employees' Pension Plan Agreement N/A · 194
- Ratliff Cpa Retirement Plan N/A · 3
Similar-Sized Money Purchase Plans Nationally
Money Purchase plans in other states closest to Employee Benefits Plan of Sumter Senior Services, Inc. by total assets, not by location.
Frequently Asked Questions
How much money is in the Employee Benefits Plan of Sumter Senior Services, Inc.? ▼
What type of plan is Employee Benefits Plan of Sumter Senior Services, Inc.? ▼
Who sponsors the Employee Benefits Plan of Sumter Senior Services, Inc.? ▼
How did Employee Benefits Plan of Sumter Senior Services, Inc. perform in 2023? ▼
What this filing means
Ways to act on Employee Benefits Plan of Sumter Senior Services, Inc.'s numbers.
- By total assets, Employee Benefits Plan of Sumter Senior Services, Inc. ranks among the smaller plans by assets on file. See the largest plans
- Compare it side-by-side against 3 similar Money Purchase plans in South Carolina. Compare plans
- Sumter Senior Services's sponsor-wide assets have declined 99.4% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans
- A Money Purchase plan works differently from other retirement plan types, understand the structural differences before comparing. Compare plan types
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 570609664.
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.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainRetire is rendered directly from the Department of Labor's Form 5500 annual return filings, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-07-24.