HOMEWARD BOUND, INC. 403(B) RETIREMENT SAVINGS PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
HOMEWARD BOUND, INC.
This Profit Sharing plan holds $9M in total assets and serves 248 participants as of 2024. It is sponsored by HOMEWARD BOUND, INC. in Minnesota. The plan reported positive net income of $754K for the year.
What the Filing Says About HOMEWARD BOUND, INC. 403(B) RETIREMENT SAVINGS PLAN
HOMEWARD BOUND, INC. 403(B) RETIREMENT SAVINGS PLAN is a Profit Sharing retirement plan sponsored by HOMEWARD BOUND, INC., headquartered in Minnesota. As of the 2024 Form 5500 filing, the plan reports $9M in total end-of-year assets and covers 248 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 411223085, and the plan has been effective since 1976-08-02. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $8M at the beginning of 2024 to $9M at year-end — a gain of 9.1%. Net assets (after liabilities) closed the year at $9M, with reported net income of $754K 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 2 prior plan-year filings 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) | $8M |
| Total Assets (End of Year) | $9M |
| Net Assets (End of Year) | $9M |
| Net Income | $754K |
| Plan Type | Profit Sharing |
| Employer EIN | 411223085 |
| Plan Effective Date | 1976-08-02 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (HOMEWARD BOUND, INC.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 301 | $10M |
| 2023 | 1 | 275 | $8M |
| 2024 | 1 | 248 | $9M |
Nearby Profit Sharing Plans in Minnesota
Peer Profit Sharing plans — same state, same plan type — ranked by total assets.
- AMERIPRISE FINANCIAL 401(K) PLAN $3.2B · 9,312
- PARK NICOLLET HEALTH SERVICES 401K RETIREMENT SAVINGS PLAN $1.9B · 7,819
- CENTRACARE HEALTH SYSTEM 403(B) PLAN $827M · 9,437
- CHILDRENS HOSPITALS AND CLINICS MATCHED SAVINGS PLAN $820M · 5,331
- CARPENTERS & JOINERS DEFINED CONTRIBUTION PLAN $719M · 21,043
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Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 411223085.
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.
Read our methodology — how this data is sourced, computed, and verified.