Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

Children's Retirement Income Benefit Plan

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

Sponsored by Children's Hospital Medical Center of Akron Β· Ohio Β· Healthcare & Social Assistance

What the 2023 filing shows

Children's Retirement Income Benefit Plan holds $640M for 7,287 participants - about $87,855 per participant, up 17.6% over the 2024 plan year.

$640M
total plan assets (2024 EOY)
7,287
covered participants
$87,855
avg assets per participant
+17.6%
assets growth YoY
Total Assets (2023)
$640M
Participants
7,287
State
Industry
Healthcare & Social Assistance

What the Filing Says About Children's Retirement Income Benefit Plan

Children's Retirement Income Benefit Plan is a Profit Sharing retirement plan sponsored by Children's Hospital Medical Center of Akron, headquartered in Ohio. As of the 2024 Form 5500 filing, the plan reports $640M in total end-of-year assets and covers 7,287 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 340714357, and the plan has been effective since 1971-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $544M at the beginning of 2024 to $640M at year-end β€” a gain of 17.6%. Net assets (after liabilities) closed the year at $640M, with reported net income of $96M 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 β€” 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)$544M
Total Assets (End of Year)$640M
Net Assets (End of Year)$640M
Net Income$96M
Plan TypeProfit Sharing
Employer EIN340714357
Plan Effective Date1971-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Children's Hospital Medical Center of Akron)

Year Plans Participants Total Assets
2022 3 12,062 $757M
2023 4 13,466 $667M
2024 2 14,363 $788M

Nearby Profit Sharing Plans in Ohio

Peer Profit Sharing plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Children's Retirement Income Benefit Plan?
As of the 2024 Form 5500 filing, Children's Retirement Income Benefit Plan holds $640M in total assets with 7,287 participants. It is sponsored by Children's Hospital Medical Center of Akron.
What type of plan is Children's Retirement Income Benefit Plan?
Children's Retirement Income Benefit Plan is a Profit Sharing plan. It has been effective since 1971-10-01. The plan is filed with the U.S. Department of Labor under EIN 340714357.
Who sponsors the Children's Retirement Income Benefit Plan?
Children's Retirement Income Benefit Plan is sponsored by Children's Hospital Medical Center of Akron, located in Ohio. The sponsor's EIN is 340714357 and the plan operates in the Healthcare & Social Assistance industry.
How did Children's Retirement Income Benefit Plan perform in 2024?
Children's Retirement Income Benefit Plan grew by 17.6% during 2024, moving from $544M to $640M in total assets. Net income was $96M.
Where can I find official filings for Children's Retirement Income Benefit Plan?
Official Form 5500 filings for Children's Retirement Income Benefit Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 340714357 or plan name at efast.dol.gov.
How does Children's Retirement Income Benefit Plan compare to other plans?
You can compare Children's Retirement Income Benefit Plan against other Profit Sharing plans on the plan type page, or view plans in Ohio 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 340714357.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” 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.