401(k) · DOL Form 5500 · 2023

Mars Hill University 401(k) Plan

Data updated 2026-08-25

$38M
Total assets Below avg plan size
242
Participants Below avg headcount
83rd
Percentile by assets National rank
$159,013
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mars Hill University Defined Contribution Retirement Plan · Sponsored by Mars Hill University · North Carolina · Educational Services

$38M in assets, 242 participants

Mars Hill University's Mars Hill University Defined Contribution Retirement Plan reported $38M in total assets and 242 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.

  • #2,573 in Educational Services (3,735 peers)

Coverage in North Carolina

Mars Hill University Defined Contribution Retirement Plan covers 242 participants in North Carolina, about 30% of the average North Carolina filer (state average ~819 per filing). Assets: $38M.

#2,573
in Educational Services (3,735 peers)
+6.7%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Mars Hill University Defined Contribution Retirement Plan's outsized position by total assets

Mars Hill University Defined Contribution Retirement Plan vs every filed plan by assets

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

$38,481,151 Top 17% higher than 83% of 127,068 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 2023

Mars Hill University Defined Contribution 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. Mars Hill University Defined Contribution Retirement Plan sits mid-pack in the medium band (242 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mars Hill University Defined Contribution Retirement Plan reported net income rose from -$7M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Mars Hill University Defined Contribution Retirement Plan end-of-year assets rose from $36M in the plan year 2022 filing to $38M in the plan year 2023 filing.
  • Mars Hill University Defined Contribution Retirement Plan reported participants fell from 250 in the plan year 2022 filing to 242 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 560554207 · Mars Hill University PY 2023 · 401(k)

Mars Hill University Defined Contribution Retirement Plan · $38M · 242 · 83rd

  • PHOTO $38M
  • PHOTO 242
  • PHOTO 83rd
  • PHOTO 401(k)
  • PHOTO near Hydro Aluminum Metals USA Savings Plan
  • PHOTO ind #2573

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 Educational Services retirement plans → · Plans in North Carolina →

Mars Hill University Defined Contribution Retirement Plan in the asset neighbourhood

Altair 401(k) Plan$38MExemplis LLC 401(k) Savings PlanExemplis LLC 401(k) Savings …$38MMars Hill University Defined Contribution Retirement PlanMars Hill University Defined…$38MHydro Aluminum Metals USA Savings PlanHydro Aluminum Metals USA Sa…$38MTeknion LLC 401(k) Profit Sharing PlanTeknion LLC 401(k) Profit Sh…$38M
End-of-year total assets ($M) among Mars Hill University Defined Contribution Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$38M
Net Income$2M
Employer EIN560554207
Plan Effective Date1975-12-05
Filing StatusFILING RECEIVED

Sponsor Plan History (Mars Hill University)

Sponsor-wide plan assets over time

All Mars Hill University plans reported in each filing year

Latest sponsor-wide plan assets
$41M 14.136180651999577% vs 2022
2024 filing year
$34M$36M$38M$40M$42M 202220232024 $36.1M $41.2M ▲ +14.1%
Year Plans Participants Total Assets
2022 1 250 $36M
2023 1 242 $38M
2024 1 251 $41M

Nearby 401(k) Plans in North Carolina

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

Mars Hill University Defined Contribution Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Mars Hill University Defined Contribution Retirement Plan, Total assets ($B): 0.038481151 · Participants: 242Mars Hill University Defined Contribution Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Mars Hill University Defined Contribution Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Mars Hill University Defined Contribution Retirement Plan side-by-side with 3 peers →

Mars Hill University Defined Contribution Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Hydro Aluminum Metals USA Savings Plan in MD ($38M); by covered participants it is Activehours 401(k) Plan in CA (242 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($38M here).

Similar participant headcount

Nearest other-state filings by covered participants (242 participants); asset peers above are excluded.

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 Mars Hill University Defined Contribution Retirement Plan assets move in 2023? ▼
Mars Hill University Defined Contribution Retirement Plan grew at a solid clip - up 6.7% during 2023, from $36M to $38M. Reported net income was $2M.
How have Mars Hill University plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mars Hill University's sponsor-wide assets grew 14.1%, from $36M to $41M.
Where does Mars Hill University Defined Contribution Retirement Plan rank by assets among Form 5500 filers? ▼
Mars Hill University Defined Contribution Retirement Plan ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Mars Hill University Defined Contribution Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hydro Aluminum Metals USA Savings Plan in MD ($38M, 158 participants).
Which 401(k) plans cover a similar participant headcount to Mars Hill University Defined Contribution Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Activehours 401(k) Plan in CA (242 participants, $17M 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 560554207.

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.