Other · DOL Form 5500 · 2023
MONARCH Retirement Plan
Data updated 2026-08-11
- $12M
- Total assets
- 1,646
- Participants
- 62nd
- Percentile by assets
- $7,239
- Avg per participant
Official DOL plan name: Monarch 403(b) Plan · Sponsored by MONARCH · North Carolina · Other Services
$12M in assets, 1,646 participants
MONARCH's Monarch 403(b) Plan reported $12M in total assets and 1,646 participants in its 2023 DOL Form 5500 filing, ranking in the 62nd 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.
- 62nd percentile by assets (of 127,072 plans)
- #6,193 in Other Services (7,857 peers)
Coverage in North Carolina
Monarch 403(b) Plan covers 1,646 participants in North Carolina, 2.0x the typical North Carolina plan (state average ~819 per filing). Assets: $12M.
- $12M
- total plan assets (2023 EOY)
- 1,646
- covered participants
- 62nd
- percentile by assets (of 127,072 plans)
- $7,239
- avg assets per participant
Where Monarch 403(b) Plan sits by total assets
Monarch 403(b) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$11,915,073 Top 38% higher than 62% 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
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Monarch 403(b) Plan reported net income rose from -$2M in the plan year 2022 filing to $747K in the plan year 2023 filing.
- Monarch 403(b) Plan end-of-year assets rose from $11M in the plan year 2022 filing to $12M in the plan year 2023 filing.
- Monarch 403(b) Plan reported participants rose from 1,581 in the plan year 2022 filing to 1,646 in the plan year 2023 filing.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Monarch 403(b) Plan reports 1,646 participants - 2.0x that state average ($12M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $11M |
|---|---|
| Net Assets (End of Year) | $12M |
| Net Income | $747K |
| Employer EIN | 561326126 |
| Plan Effective Date | 2017-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (MONARCH)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 1,581 | $11M |
| 2023 | 1 | 1,646 | $12M |
| 2024 | 1 | 1,567 | $15M |
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
Similar-Sized Other Plans Nationally
Other plans in other states closest to Monarch 403(b) Plan by total assets, not by location.
Frequently Asked Questions
How did Monarch 403(b) Plan assets move in 2023? ▼
How have MONARCH plan assets changed over time? ▼
Which Other plans are similar in size to Monarch 403(b) Plan? ▼
Next read for Monarch 403(b) Plan
Filing takeaways
Ways to act on Monarch 403(b) Plan's numbers.
- By total assets, Monarch 403(b) Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Other plans in North Carolina. Compare plans
- MONARCH's sponsor-wide assets have grown 30.4% since 2022 across 3 plan years on file. More Other Services plans