Profit Sharing · DOL Form 5500 · 2024

Local Thyme Inc. Profit Sharing Plan

Data updated 2026-08-25

$592K
Total assets Small plan by assets
3
Participants Small participant base
19th
Percentile by assets National rank
$197,311
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Local Thyme Inc. Retirement Plan · Sponsored by Local Thyme Inc. · Minnesota · Food Services & Accommodation

$592K in assets, 3 participants

Local Thyme Inc.'s Local Thyme Inc. Retirement Plan reported $592K in total assets and 3 participants in its 2024 DOL Form 5500 filing, ranking in the 19th 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.

  • #1,822 in Food Services & Accommodation (3,672 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Local Thyme Inc. Retirement Plan ranks #1,822 of 3,672 2024 filers by assets (3305% of the sector average)-$592K for 3 participants.

#1,822
in Food Services & Accommodation (3,672 peers)
+3.7%
assets growth YoY

Local Thyme Inc. Retirement Plan among the smaller filed plans by assets

Local Thyme Inc. Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$591,932 19th percentile higher than 19% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Local Thyme Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Local Thyme Inc. Retirement Plan is a micro filing (3 participants), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Local Thyme Inc. Retirement Plan reported participants fell from 4 in the plan year 2023 filing to 3 in the plan year 2024 filing.
  • Local Thyme Inc. Retirement Plan reported net income rose from $19K in the plan year 2023 filing to $21K in the plan year 2024 filing.
  • Local Thyme Inc. Retirement Plan end-of-year assets rose from $571K in the plan year 2023 filing to $592K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 352656320 · Local Thyme Inc. PY 2024 · Profit Sharing

Local Thyme Inc. Retirement Plan · $592K · 3 · 19th

  • PCT $592K
  • EIN 3
  • RANK 19th
  • PHOTO Profit Sharing
  • IND near Ld Recovery Solutions, Inc. Retirement Plan
  • EOY ind #1822

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 Food Services & Accommodation retirement plans → · Plans in Minnesota →

Local Thyme Inc. Retirement Plan in the asset neighbourhood

Local Thyme Inc. Retirement PlanLocal Thyme Inc. Retirement …$592KLd Recovery Solutions, Inc. Retirement PlanLd Recovery Solutions, Inc. …$592KMallet Manufacturing Inc. Retirement PlanMallet Manufacturing Inc. Re…$592KCentro De Periodoncia E Implantologia, Psc Retirement PlanCentro De Periodoncia E Impl…$592KArmor Lane Enterprises Inc. Retirement PlanArmor Lane Enterprises Inc. …$592K
End-of-year total assets ($M) among Local Thyme Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)$571K
Net Assets (End of Year)$592K
Net Income$21K
Employer EIN352656320
Plan Effective Date2019-06-11
Filing StatusFILING RECEIVED

Sponsor Plan History (Local Thyme Inc.)

Sponsor-wide plan assets over time

All Local Thyme Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$592K 7.227259141177643% vs 2022
2024 filing year
$0.54M$0.56M$0.58M$0.6M 202220232024 $0.55M $0.59M ▲ +7.3%
Year Plans Participants Total Assets
2022 1 6 $552K
2023 1 4 $571K
2024 1 3 $592K

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Local Thyme Inc. Retirement Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.52 Total assets ($B) Participants Local Thyme Inc. Retirement Plan, Total assets ($B): 0.000591932 · Participants: 3Local Thyme Inc. Retirement PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.820221913 · Participants: 6017Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.902491999 · Participants: 8757Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.64405166 · Participants: 4702Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.612718536 · Participants: 20683Cargill Employee Retirement Account PlanRegions Hospital Retirement Savings 401(k) Plan, Total assets ($B): 0.601951844 · Participants: 6323Regions Hospital Retirement Savings 401(k) Plan
Local Thyme Inc. Retirement Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Local Thyme Inc. Retirement Plan side-by-side with 3 peers →

Local Thyme Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is Ld Recovery Solutions, Inc. Retirement Plan in NJ ($592K); by covered participants it is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Local Thyme Inc. Retirement Plan assets move in 2024? ▼
Local Thyme Inc. Retirement Plan edged up modestly - up 3.7% during 2024, from $571K to $592K. Reported net income was $21K.
How have Local Thyme Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Local Thyme Inc.'s sponsor-wide assets grew 7.2%, from $552K to $592K.
Where does Local Thyme Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Local Thyme Inc. Retirement Plan ranks in the 19th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Local Thyme Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Ld Recovery Solutions, Inc. Retirement Plan in NJ ($592K, 10 participants).
Which Profit Sharing plans cover a similar participant headcount to Local Thyme Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants, $796K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 352656320.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.