Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Shaw University Defined Contribution Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Shaw University · North Carolina · Educational Services

What the 2023 filing shows

Shaw University Defined Contribution Plan holds $13M for 356 participants — about $36,830 per participant, down 15.3% over the 2022 plan year.

$13M
total plan assets (2022 EOY)
356
covered participants
$36,830
avg assets per participant
-15.3%
assets change YoY

The plan reported a net loss of $2M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$13M
Participants
356
Industry
Educational Services

What the Filing Says About Shaw University Defined Contribution Plan

Shaw University Defined Contribution Plan is a Profit Sharing retirement plan sponsored by Shaw University, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $13M in total end-of-year assets and covers 356 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 560530235, and the plan has been effective since 1961-03-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $15M at the beginning of 2022 to $13M at year-end — a decline of 15.3%. Net assets (after liabilities) closed the year at $13M, with reported net income of $-2,367,048 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)$15M
Total Assets (End of Year)$13M
Net Assets (End of Year)$13M
Net Income$-2,367,048
Plan TypeProfit Sharing
Employer EIN560530235
Plan Effective Date1961-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Shaw University)

Year Plans Participants Total Assets
2022 1 356 $13M
2023 1 375 $14M

Nearby Profit Sharing Plans in North Carolina

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

Frequently Asked Questions

How much money is in the Shaw University Defined Contribution Plan?
As of the 2022 Form 5500 filing, Shaw University Defined Contribution Plan holds $13M in total assets with 356 participants. It is sponsored by Shaw University.
What type of plan is Shaw University Defined Contribution Plan?
Shaw University Defined Contribution Plan is a Profit Sharing plan. It has been effective since 1961-03-01. The plan is filed with the U.S. Department of Labor under EIN 560530235.
Who sponsors the Shaw University Defined Contribution Plan?
Shaw University Defined Contribution Plan is sponsored by Shaw University, located in North Carolina. The sponsor's EIN is 560530235 and the plan operates in the Educational Services industry.
How did Shaw University Defined Contribution Plan perform in 2022?
Shaw University Defined Contribution Plan declined by 15.3% during 2022, moving from $15M to $13M in total assets. Net income was $-2,367,048.
Where can I find official filings for Shaw University Defined Contribution Plan?
Official Form 5500 filings for Shaw University Defined Contribution Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560530235 or plan name at efast.dol.gov.
How does Shaw University Defined Contribution Plan compare to other plans?
You can compare Shaw University Defined Contribution Plan against other Profit Sharing plans on the plan type page, or view plans in North Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 560530235.

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.

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