Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.

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

ITALIAN HOME FOR CHILDREN, INC

This Profit Sharing plan holds $3M in total assets and serves 232 participants as of 2023. It is sponsored by ITALIAN HOME FOR CHILDREN, INC in Massachusetts. The plan reported positive net income of $231K for the year.

Total Assets (2023)
$3M
Participants
232
Industry
Healthcare & Social Assistance

What the Filing Says About 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.

403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. is a Profit Sharing retirement plan sponsored by ITALIAN HOME FOR CHILDREN, INC, headquartered in Massachusetts. As of the 2023 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 232 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 042103799, and the plan has been effective since 1987-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2023 to $3M at year-end — a gain of 9.1%. Net assets (after liabilities) closed the year at $3M, with reported net income of $231K 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)$3M
Total Assets (End of Year)$3M
Net Assets (End of Year)$3M
Net Income$231K
Plan TypeProfit Sharing
Employer EIN042103799
Plan Effective Date1987-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (ITALIAN HOME FOR CHILDREN, INC)

Year Plans Participants Total Assets
2022 1 113 $4M
2023 1 232 $3M

Nearby Profit Sharing Plans in Massachusetts

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Frequently Asked Questions

How much money is in the 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.?
As of the 2023 Form 5500 filing, 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. holds $3M in total assets with 232 participants. It is sponsored by ITALIAN HOME FOR CHILDREN, INC.
What type of plan is 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.?
403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. is a Profit Sharing plan. It has been effective since 1987-07-01. The plan is filed with the U.S. Department of Labor under EIN 042103799.
Who sponsors the 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.?
403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. is sponsored by ITALIAN HOME FOR CHILDREN, INC, located in Massachusetts. The sponsor's EIN is 042103799 and the plan operates in the Healthcare & Social Assistance industry.
How did 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. perform in 2023?
403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. grew by 9.1% during 2023, moving from $3M to $3M in total assets. Net income was $231K.
Where can I find official filings for 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC.?
Official Form 5500 filings for 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042103799 or plan name at efast.dol.gov.
How does 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. compare to other plans?
You can compare 403(B) THRIFT PLAN FOR EMPLOYEES OF ITALIAN HOME FOR CHILDREN, INC. against other Profit Sharing plans on the plan type page, or view plans in Massachusetts 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 042103799.

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 official public datasets. See our methodology for details.