401(k) · DOL Form 5500 · 2023

Nicholas Financial Inc 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
41
Participants Small participant base
38th
Percentile by assets National rank
$87,843
Avg per participant Below avg balance/head
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Official DOL plan name: Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust · Sponsored by Nicholas Financial Inc · Florida · Finance & Insurance

$4M in assets, 41 participants

Nicholas Financial Inc's Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust reported $4M in total assets and 41 participants in its 2023 DOL Form 5500 filing, ranking in the 38th 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.

  • #2,387 in Finance & Insurance (8,869 peers)

Nicholas Financial Inc multi-year trail

Nicholas Financial Inc's plans moved -18.4% in assets from 2022 to 2023; this filing shows Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust at $4M / 41 participants.

#2,387
in Finance & Insurance (8,869 peers)
-18.4%
assets change YoY

The plan reported a net loss of $814K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Finance & Insurance and all filers

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$3,601,574 38th percentile higher than 38% 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

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust is a small filing (41 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust reported participants fell from 224 in the plan year 2022 filing to 41 in the plan year 2023 filing.
  • Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust reported net income rose from -$2M in the plan year 2022 filing to -$814K in the plan year 2023 filing.
  • Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust end-of-year assets fell from $4M in the plan year 2022 filing to $4M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 593019317 · Nicholas Financial Inc PY 2023 · 401(k)

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust · $4M · 41 · 38th

  • SCH $4M
  • SCH 41
  • SCH 38th
  • SCH 401(k)
  • SCH near Talon Management, LLC 401(k) Profit Sharing Plan and Trust
  • SCH ind #2387

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 Finance & Insurance retirement plans → · Plans in Florida →

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Nicholas Financial Inc 401(k) Profit Sharing Plan & TrustNicholas Financial Inc 401(k…$4MTalon Management, LLC 401(k) Profit Sharing Plan and TrustTalon Management, LLC 401(k)…$4MPro Computer Service 401(k) PlanPro Computer Service 401(k) …$4MBartholomew Health Care Group 401(k) PlanBartholomew Health Care Grou…$4MAllied Specialty Resources, LLC 401(k) PlanAllied Specialty Resources, …$4M
End-of-year total assets ($M) among Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Nicholas Financial Inc multi-year asset trail

Sponsor-wide plan assets over time

All Nicholas Financial Inc plans reported in each filing year

Latest sponsor-wide plan assets
$4M 18.44219297337826% vs 2022
2023 filing year
$3.5M$4M$4.5M$5M 20222023 $4.42M $3.6M ▼ -18.6%
Year Plans Participants Total Assets
2022 1 224 $4M
2023 1 41 $4M

Nicholas Financial Inc filing trail (2023)

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income-$814K
Employer EIN593019317
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Florida

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

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Florida, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -505101520 Total assets ($B) Participants Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.003601574 · Participants: 41Nicholas Financial Inc 401(k) Profit Sharing Plan & TrustL3harris Retirement Savings Plan, Total assets ($B): 15.384363901 · Participants: 40665L3harris Retirement Savings PlanSavings Plan for Employees and Partners of Pwc, Total assets ($B): 11.333196569 · Participants: 50817Savings Plan for Employees and Partners of PwcAdp Totalsource Retirement Savings Plan, Total assets ($B): 8.025816173 · Participants: 308867Adp Totalsource Retirement Savings PlanTrinet 401(k) Plan, Total assets ($B): 7.029692551 · Participants: 157945Trinet 401(k) PlanPublix Super Markets, Inc. 401(k) Smart Plan, Total assets ($B): 6.572590596 · Participants: 184674Publix Super Markets, Inc. 401(k) Smart Plan
Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Florida, assets vs. participants
Compare Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Florida, the nearest 401(k) by assets is Talon Management, LLC 401(k) Profit Sharing Plan and Trust in GA ($4M); by covered participants it is Houston Vehicle Leasing 401(k) Plan in TX (41 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (41 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 Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust declined sharply - down 18.4% during 2023, from $4M to $4M. Reported net income was -$814K.
How have Nicholas Financial Inc plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), Nicholas Financial Inc's sponsor-wide assets declined 18.4%, from $4M to $4M.
Which 401(k) plans are similar in size to Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Talon Management, LLC 401(k) Profit Sharing Plan and Trust in GA ($4M, 92 participants).
Which 401(k) plans cover a similar participant headcount to Nicholas Financial Inc 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Houston Vehicle Leasing 401(k) Plan in TX (41 participants, N/A 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 593019317.

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.