Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

Detroit Rescue Mission Ministries 403(b) Plan

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

Sponsored by Detroit Rescue Mission Ministries · Michigan · Healthcare & Social Assistance

What the 2023 filing shows

Detroit Rescue Mission Ministries 403(b) Plan holds $2M for 228 participants — about $7,764 per participant, up 21.9% over the 2023 plan year.

$2M
total plan assets (2023 EOY)
228
covered participants
$7,764
avg assets per participant
+21.9%
assets growth YoY
Total Assets (2023)
$2M
Participants
228
State
Industry
Healthcare & Social Assistance

What the Filing Says About Detroit Rescue Mission Ministries 403(b) Plan

Detroit Rescue Mission Ministries 403(b) Plan is a Profit Sharing retirement plan sponsored by Detroit Rescue Mission Ministries, headquartered in Michigan. As of the 2023 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 228 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 381459371, and the plan has been effective since 1997-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2023 to $2M at year-end — a gain of 21.9%. Net assets (after liabilities) closed the year at $2M, with reported net income of $318K 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)$1M
Total Assets (End of Year)$2M
Net Assets (End of Year)$2M
Net Income$318K
Plan TypeProfit Sharing
Employer EIN381459371
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Detroit Rescue Mission Ministries)

Year Plans Participants Total Assets
2022 1 233 $1M
2023 1 228 $2M

Nearby Profit Sharing Plans in Michigan

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

Frequently Asked Questions

How much money is in the Detroit Rescue Mission Ministries 403(b) Plan?
As of the 2023 Form 5500 filing, Detroit Rescue Mission Ministries 403(b) Plan holds $2M in total assets with 228 participants. It is sponsored by Detroit Rescue Mission Ministries.
What type of plan is Detroit Rescue Mission Ministries 403(b) Plan?
Detroit Rescue Mission Ministries 403(b) Plan is a Profit Sharing plan. It has been effective since 1997-01-01. The plan is filed with the U.S. Department of Labor under EIN 381459371.
Who sponsors the Detroit Rescue Mission Ministries 403(b) Plan?
Detroit Rescue Mission Ministries 403(b) Plan is sponsored by Detroit Rescue Mission Ministries, located in Michigan. The sponsor's EIN is 381459371 and the plan operates in the Healthcare & Social Assistance industry.
How did Detroit Rescue Mission Ministries 403(b) Plan perform in 2023?
Detroit Rescue Mission Ministries 403(b) Plan grew by 21.9% during 2023, moving from $1M to $2M in total assets. Net income was $318K.
Where can I find official filings for Detroit Rescue Mission Ministries 403(b) Plan?
Official Form 5500 filings for Detroit Rescue Mission Ministries 403(b) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 381459371 or plan name at efast.dol.gov.
How does Detroit Rescue Mission Ministries 403(b) Plan compare to other plans?
You can compare Detroit Rescue Mission Ministries 403(b) Plan against other Profit Sharing plans on the plan type page, or view plans in Michigan 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 381459371.

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.