Profit Sharing · DOL Form 5500 · 2023
403(b) Thrift Plan of Abilities Network, Inc.
Data updated 2026-05-15
- $8M
- Total assets
- 129
- Participants
- 53rd
- Percentile by assets
- $58,850
- Avg per participant
Sponsored by Abilities Network, Inc. · Maryland · Other Services
What the 2023 filing shows
403(b) Thrift Plan of Abilities Network, Inc. holds $8M for 129 participants - about $58,850 per participant, above the median plan by assets, up 16.1% over the 2023 plan year.
- $8M
- total plan assets (2023 EOY)
- 129
- covered participants
- 53rd
- percentile by assets (of 126,618 plans)
- $58,850
- avg assets per participant
Profit Sharing · DOL Form 5500 · 2023
What the Filing Says About 403(b) Thrift Plan of Abilities Network, Inc.
403(b) Thrift Plan of Abilities Network, Inc. is a Profit Sharing retirement plan sponsored by Abilities Network, Inc., headquartered in Maryland. According to the U.S. Department of Labor's 2023 Form 5500 filing, the plan reports $8M in total end-of-year assets and covers 129 participants across the Other Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 526060453, and the plan has been effective since 1990-07-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets grew sharply from $7M at the beginning of 2023 to $8M at year-end - up 16.1%. Net assets (after liabilities) closed the year at $8M, with reported net income of $1M 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.
Across the 2 plan years Abilities Network, Inc. has on file with PlainRetire (2022-2023), sponsor-wide plan assets have moved from $7M to $8M, a gain of 16.1%, while reported participants moved from 210 to 129 (-38.6%). Year-by-year, sponsor-wide filings show: 2022 - $7M in assets across 1 plan covering 210 participants; 2023 - $8M in assets across 1 plan covering 129 participants.
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 403(b) Thrift Plan of Abilities Network, 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) | $7M |
|---|---|
| Total Assets (End of Year) | $8M |
| Net Assets (End of Year) | $8M |
| Net Income | $1M |
| Plan Type | Profit Sharing |
| Employer EIN | 526060453 |
| Plan Effective Date | 1990-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Abilities Network, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 210 | $7M |
| 2023 | 1 | 129 | $8M |
Nearby Profit Sharing Plans in Maryland
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Johns Hopkins University 403(b) Plan $7.8B · 25,369
- Medstar Health, Inc. Retirement Savings Plan $3.0B · 31,642
- The Johns Hopkins University Applied Physics Laboratory Pension Plan B $2.7B · 9,305
- Howard Hughes Medical Institute Retirement Savings Plan $1.8B · 2,154
- Johns Hopkins Health System Corporation 403(b) Plan $1.4B · 17,639
Frequently Asked Questions
How much money is in the 403(b) Thrift Plan of Abilities Network, Inc.? ▼
What type of plan is 403(b) Thrift Plan of Abilities Network, Inc.? ▼
Who sponsors the 403(b) Thrift Plan of Abilities Network, Inc.? ▼
How did 403(b) Thrift Plan of Abilities Network, Inc. perform in 2023? ▼
What this filing means
Ways to act on 403(b) Thrift Plan of Abilities Network, Inc.'s numbers.
- By total assets, 403(b) Thrift Plan of Abilities Network, Inc. ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Maryland. Compare plans
- Abilities Network, Inc.'s sponsor-wide assets have grown 16.1% since 2022 across 2 plan years on file. More Other Services plans
- A Profit Sharing 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 526060453.
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 2026-05-15.