401(k) · DOL Form 5500 · 2023

Springwell, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets: 219
Participants Below avg headcount: 62nd
Percentile by assets National rank: $53,732
Avg per participant Low balance/head

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Official DOL plan name: Springwell Retirement Plan · Sponsored by Springwell, Inc. · Massachusetts · Healthcare & Social Assistance

$12M in assets, 219 participants

Springwell, Inc.'s Springwell Retirement Plan reported $12M in total assets and 219 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.

#11,941 in Healthcare & Social Assistance (17,684 peers)

Coverage in Massachusetts

Springwell Retirement Plan covers 219 participants in Massachusetts, about 33% of the average Massachusetts filer (state average ~659 per filing). Assets: $12M.

#11,941
in Healthcare & Social Assistance (17,684 peers): +21.3%
assets growth YoY

Springwell Retirement Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Springwell Retirement Plan vs every filed plan by assets

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

$11,767,410 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

Springwell Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Springwell Retirement Plan sits mid-pack in the medium band (219 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Springwell Retirement Plan reported participants rose from 130 in the plan year 2022 filing to 219 in the plan year 2023 filing.
Springwell Retirement Plan reported net income fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
Springwell Retirement Plan end-of-year assets rose from $10M in the plan year 2022 filing to $12M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 042616064 · Springwell, Inc. PY 2023 · 401(k)

Springwell Retirement Plan · $12M · 219 · 62nd

RANK $12M
RANK 219
RANK 62nd
RANK 401(k)
RANK near Charge Epc Retirement Trust
RANK ind #11941

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 Healthcare & Social Assistance retirement plans → · Plans in Massachusetts →

End-of-year total assets ($M) among Springwell Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)	$10M
Net Assets (End of Year)	$12M
Net Income	$2M
Employer EIN	042616064
Plan Effective Date	1996-05-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Springwell, Inc.)

Latest sponsor-wide plan assets: $15M 51.37871858974174% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	130	$10M
2023	1	219	$12M
2024	1	236	$15M

Nearby 401(k) Plans in Massachusetts

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

Springwell Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants

Fidelity Retirement Savings Plan $28.6B · 62,289
Liberty Mutual 401(k) Plan $10.6B · 37,052
Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
Philips North America 401(k) Plan $5.8B · 19,120

Compare Springwell Retirement Plan side-by-side with 3 peers →

Springwell Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Charge Epc Retirement Trust in CA ($12M); by covered participants it is Raven Industries, Inc. 401(k) Plan in SD (219 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Charge Epc Retirement Trust (CA) $12M · 422
Veterinary Specialty Services, P.C. 401(k) Plan (MO) $12M · 152
Trace Die Cast, Inc. 401(k) Profit Sharing Retirement Plan (KY) $12M · 272
Ferguson Construction Company 401(k) Plan for Operations (OH) $12M · 180

Similar participant headcount

Nearest other-state filings by covered participants (219 participants); asset peers above are excluded.

Raven Industries, Inc. 401(k) Plan (SD) 219 · 0 off
Rocketpower 401(k) Plan (CA) 219 · 0 off
Green Street Advisors Retirement Savings Plan (CA) 219 · 0 off
Systel Business Equipment Co., Inc. 401(k) Psp (NC) 219 · 0 off

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 Springwell Retirement Plan assets move in 2023? ▼

Springwell Retirement Plan grew sharply - up 21.3% during 2023, from $10M to $12M. Reported net income was $2M.

How have Springwell, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Springwell, Inc.'s sponsor-wide assets grew 51.4%, from $10M to $15M.

Which 401(k) plans are similar in size to Springwell Retirement Plan? ▼

Among 401(k) plans in other states, the closest by assets is Charge Epc Retirement Trust in CA ($12M, 422 participants).

Which 401(k) plans cover a similar participant headcount to Springwell Retirement Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Raven Industries, Inc. 401(k) Plan in SD (219 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 042616064.