Profit Sharing · DOL Form 5500 · 2024

Propel Schools Profit Sharing Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
524
Participants Below avg headcount
73rd
Percentile by assets National rank
$43,709
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Propel Schools 403(b) Plan · Sponsored by Propel Schools · Pennsylvania · Educational Services

$23M in assets, 524 participants

Propel Schools's Propel Schools 403(b) Plan reported $23M in total assets and 524 participants in its 2024 DOL Form 5500 filing, ranking in the 73rd 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.

  • #2,044 in Educational Services (3,638 peers)

Propel Schools multi-year trail

Propel Schools's plans moved -35.4% in assets from 2022 to 2024; this filing shows Propel Schools 403(b) Plan at $23M / 524 participants.

#2,044
in Educational Services (3,638 peers)
+23.1%
assets growth YoY

Propel Schools 403(b) Plan's outsized position by total assets

Propel Schools 403(b) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$22,903,774 Top 27% higher than 73% of 123,620 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 2024

Propel Schools 403(b) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Propel Schools 403(b) Plan sits mid-pack in the medium band (524 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Propel Schools 403(b) Plan end-of-year assets rose from $19M in the plan year 2023 filing to $23M in the plan year 2024 filing.
  • Propel Schools 403(b) Plan reported participants rose from 483 in the plan year 2023 filing to 524 in the plan year 2024 filing.
  • Propel Schools 403(b) Plan reported net income fell from $5M in the plan year 2023 filing to $4M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 030483260 · Propel Schools PY 2024 · Profit Sharing

Propel Schools 403(b) Plan · $23M · 524 · 73rd

  • BOOK $23M
  • BOOK 524
  • BOOK 73rd
  • BOOK Profit Sharing
  • BOOK near Risk Strategies Prevailing Wage Retirement Program
  • BOOK ind #2044

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 Pennsylvania →

Propel Schools 403(b) Plan in the asset neighbourhood

Propel Schools 403(b) Plan$23MRisk Strategies Prevailing Wage Retirement ProgramRisk Strategies Prevailing W…$23MThe Riverwoods Group 403(b) PlanThe Riverwoods Group 403(b) …$23MFrancis Realty Inc Profit Sharing PlanFrancis Realty Inc Profit Sh…$23MJoseph, Greenwald & Laake, P.a. Retirement PlanJoseph, Greenwald & Laake, P…$23M
End-of-year total assets ($M) among Propel Schools 403(b) Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Propel Schools multi-year asset trail

Sponsor-wide plan assets over time

All Propel Schools plans reported in each filing year

Latest sponsor-wide plan assets
$23M 35.37048857700773% vs 2022
2024 filing year
$10M$20M$30M$40M 202220232024 $35.4M $22.9M ▼ -35.4%
Year Plans Participants Total Assets
2022 7 2,184 $35M
2023 1 483 $19M
2024 1 524 $23M

Propel Schools filing trail (2024)

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$23M
Net Income$4M
Employer EIN030483260
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Pennsylvania

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

Propel Schools 403(b) Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Propel Schools 403(b) Plan, Total assets ($B): 0.022903774 · Participants: 524Propel Schools 403(b) PlanEastern Atlantic States Carpenters Annuity Fund, Total assets ($B): 2.245462462 · Participants: 14807Eastern Atlantic States Carpenters Annuity FundUniversity of Pennsylvania Basic Plan, Total assets ($B): 1.995663035 · Participants: 21954University of Pennsylvania Basic PlanInternational Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan, Total assets ($B): 1.259021509 · Participants: 3927International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing PlanTemple University Health System, Inc. Defined Contribution Retirement Plan, Total assets ($B): 0.876135705 · Participants: 10394Temple University Health System, Inc. Defined Contribution Retirement PlanMorgan, Lewis & Bockius LLP Defined Contribution Plan, Total assets ($B): 0.781454632 · Participants: 2477Morgan, Lewis & Bockius LLP Defined Contribution Plan
Propel Schools 403(b) Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants

Propel Schools 403(b) Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Pennsylvania, the nearest Profit Sharing by assets is Risk Strategies Prevailing Wage Retirement Program in FL ($23M); by covered participants it is Easterseals Arc 403(b) Plan in IN (524 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (524 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Propel Schools 403(b) Plan assets move in 2024?
Propel Schools 403(b) Plan grew sharply - up 23.1% during 2024, from $19M to $23M. Reported net income was $4M.
How have Propel Schools plan assets changed over time?
Across 3 plan years on file (2022-2024), Propel Schools's sponsor-wide assets declined 35.4%, from $35M to $23M.
Which Profit Sharing plans are similar in size to Propel Schools 403(b) Plan?
Among Profit Sharing plans in other states, the closest by assets is Risk Strategies Prevailing Wage Retirement Program in FL ($23M, 1,350 participants).
Which Profit Sharing plans cover a similar participant headcount to Propel Schools 403(b) Plan?
Among Profit Sharing plans in other states, the closest by covered participants is Easterseals Arc 403(b) Plan in IN (524 participants, $8M in assets).