Profit Sharing · DOL Form 5500 · 2023
South Cove Community Health Center Profit Sharing Plan
Data updated 2026-08-11
- $40M
- Total assets
- 258
- Participants
- 83rd
- Percentile by assets
- $155,158
- Avg per participant
Official DOL plan name: Scchc Profit Sharing & 401(k) Plan · Sponsored by South Cove Community Health Center · Massachusetts · Healthcare & Social Assistance
$40M in assets, 258 participants
South Cove Community Health Center's Scchc Profit Sharing & 401(k) Plan reported $40M in total assets and 258 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.
- 83rd percentile by assets (of 127,072 plans)
- #15,129 in Healthcare & Social Assistance (17,684 peers)
Coverage in Massachusetts
Scchc Profit Sharing & 401(k) Plan covers 258 participants in Massachusetts, about 39% of the average Massachusetts filer (state average ~659 per filing). Assets: $40M.
- $40M
- total plan assets (2023 EOY)
- 258
- covered participants
- 83rd
- percentile by assets (of 127,072 plans)
- $155,158
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Scchc Profit Sharing & 401(k) Plan reported net income rose from $2M in the plan year 2022 filing to $21M in the plan year 2023 filing.
- Scchc Profit Sharing & 401(k) Plan end-of-year assets rose from $19M in the plan year 2022 filing to $40M in the plan year 2023 filing.
- Scchc Profit Sharing & 401(k) Plan reported participants rose from 251 in the plan year 2022 filing to 258 in the plan year 2023 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Scchc Profit Sharing & 401(k) Plan reports 258 participants - about 39% of that state average ($40M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $19M |
|---|---|
| Net Assets (End of Year) | $40M |
| Net Income | $21M |
| Employer EIN | 042501818 |
| Plan Effective Date | 1993-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (South Cove Community Health Center)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 251 | $19M |
| 2023 | 1 | 258 | $40M |
| 2024 | 1 | 259 | $45M |
Nearby Profit Sharing Plans in Massachusetts
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Scchc Profit Sharing & 401(k) Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
- Consolidated 403(b) Program of Mass General Brigham and Member Organizations $14.9B · 74,212
- Demoulas (Restated) Profit Sharing Plan & Trust $1.0B · 12,622
- Dana-Farber Cancer Institute Retirement Plan $788M · 4,630
- The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund $679M · 6,360
- Sheet Metal Workers Local 17 Annuity Income Fund $617M · 2,868
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Scchc Profit Sharing & 401(k) Plan by total assets, not by location.
Frequently Asked Questions
How did Scchc Profit Sharing & 401(k) Plan assets move in 2023? ▼
How have South Cove Community Health Center plan assets changed over time? ▼
Where does Scchc Profit Sharing & 401(k) Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Scchc Profit Sharing & 401(k) Plan? ▼
Next read for Scchc Profit Sharing & 401(k) Plan
Filing takeaways
Ways to act on Scchc Profit Sharing & 401(k) Plan's numbers.
- By total assets, Scchc Profit Sharing & 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Massachusetts. Compare plans
- South Cove Community Health Center's sponsor-wide assets have grown 131.3% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans