401(k) Profit Sharing Plan for Employees of West Bay Residential Services, Inc.
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by West Bay Residential Services, · Rhode Island · Healthcare & Social Assistance
What the 2023 filing shows
401(k) Profit Sharing Plan for Employees of West Bay Residential Services, Inc. holds $12M for 401 participants — about $28,953 per participant, up 15.0% over the 2023 plan year.
- $12M
- total plan assets (2023 EOY)
- 401
- covered participants
- $28,953
- avg assets per participant
- +15.0%
- assets growth YoY
What the Filing Says About 401(k) Profit Sharing Plan for Employees of West Bay Residential Services, Inc.
401(k) Profit Sharing Plan for Employees of West Bay Residential Services, Inc. is a Profit Sharing retirement plan sponsored by West Bay Residential Services,, headquartered in Rhode Island. As of the 2023 Form 5500 filing, the plan reports $12M in total end-of-year assets and covers 401 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 050395035, and the plan has been effective since 1983-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $10M at the beginning of 2023 to $12M at year-end — a gain of 15.0%. Net assets (after liabilities) closed the year at $12M, with reported net income of $2M 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) | $10M |
| Total Assets (End of Year) | $12M |
| Net Assets (End of Year) | $12M |
| Net Income | $2M |
| Plan Type | Profit Sharing |
| Employer EIN | 050395035 |
| Plan Effective Date | 1983-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (West Bay Residential Services,)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 359 | $10M |
| 2023 | 1 | 401 | $12M |
Nearby Profit Sharing Plans in Rhode Island
Peer Profit Sharing plans — same state, same plan type — ranked by total assets.
- Brown University Defined Contribution Legacy Retirement Plan $1.4B · 1,272
- Lifespan Corporation 403(b)Retirement Plan $1.2B · 9,416
- Brown University Defined Contribution Deferred Vesting Retirement Plan $813M · 5,630
- Providence College 403(b) Plan $360M · 984
- Roger Williams University Retirement Plan $336M · 2,740
Related Data
Guides
Frequently Asked Questions
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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 050395035.
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.