Other · DOL Form 5500 · 2023
Salem Academy and College Retirement Plan
Data updated 2026-08-25
- $24M
- Total assets Small plan by assets
- 83
- Participants Small participant base
- 76th
- Percentile by assets National rank
- $284,249
- Avg per participant High balance/head
Official DOL plan name: Salem Academy and College Faculty Defined Contribution Retirement Plan · Sponsored by Salem Academy and College · North Carolina · Educational Services
$24M in assets, 83 participants
Salem Academy and College's Salem Academy and College Faculty Defined Contribution Retirement Plan reported $24M in total assets and 83 participants in its 2023 DOL Form 5500 filing, ranking in the 76th 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.
- #2,222 in Educational Services (3,735 peers)
Where Salem Academy and College Faculty Defined Contribution Retirement Plan sits by assets
Salem Academy and College Faculty Defined Contribution Retirement Plan sits in the top quartile of all filed plans by assets, $24M for 83 participants (~$284,249/participant), down 0.4% in 2023.
- #2,222
- in Educational Services (3,735 peers)
- -0.4%
- assets change YoY
- 0.2×
- vs typical plan assets (national mean)
The plan reported a net loss of $96K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Salem Academy and College Faculty Defined Contribution Retirement Plan's outsized position by total assets
Salem Academy and College Faculty Defined Contribution Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$23,592,628 Top 24% higher than 76% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Salem Academy and College Faculty Defined Contribution Retirement Plan among smaller filed plans by headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Academy and College Faculty Defined Contribution Retirement Plan is a small filing (83 participants) on this national headcount ladder.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Salem Academy and College Faculty Defined Contribution Retirement Plan reported net income rose from -$6M in the plan year 2022 filing to -$96K in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 560530005 · Salem Academy and College PY 2023 · Other
Salem Academy and College Faculty Defined Contribution Retirement Plan · $24M · 83 · 76th
- PCT $24M
- PCT 83
- PCT 76th
- PCT Other
- PCT near Virginia Union University Defined Contribution Retirement Plan
- PCT ind #2222
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 North Carolina →
Salem Academy and College Faculty Defined Contribution Retirement Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $24M |
|---|---|
| Net Assets (End of Year) | $24M |
| Net Income | -$96K |
| Employer EIN | 560530005 |
| Plan Effective Date | 1947-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Salem Academy and College)
Sponsor-wide plan assets over time
All Salem Academy and College plans reported in each filing year
- Latest sponsor-wide plan assets
- $33M 7.381496624604009% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 159 | $31M |
| 2023 | 2 | 173 | $32M |
| 2024 | 2 | 221 | $33M |
Nearby Other Plans in North Carolina
Peer Other plans, same state, same plan type, ranked by total assets.
- The Duke University Faculty and Staff Retirement Plan $9.0B · 44,809
- Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan $3.2B · 18,961
- The Moses H. Cone Memorial Hospital Voluntary Savings Plan $1.5B · 13,606
- Wake Forest University Retirement Plan $798M · 3,092
- Caromont Health, Inc. Retirement Savings Plan $444M · 4,458
Salem Academy and College Faculty Defined Contribution Retirement Plan's out-of-state Other peers by assets and headcount
Outside North Carolina, the nearest Other by assets is Virginia Union University Defined Contribution Retirement Plan in VA ($24M); by covered participants it is United Way of Greater Cincinnati 403(b) Plan in OH (83 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($24M here).
Similar participant headcount
Nearest other-state filings by covered participants (83 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.