Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

Memphis Goodwill Inc. 403b Retirement Plan

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

Sponsored by Memphis Goodwill Inc. ยท Tennessee ยท Retail Trade

What the 2023 filing shows

Memphis Goodwill Inc. 403b Retirement Plan holds $2M for 591 participants - about $3,054 per participant, up 21.8% over the 2024 plan year.

$2M
total plan assets (2024 EOY)
591
covered participants
$3,054
avg assets per participant
+21.8%
assets growth YoY
Total Assets (2023)
$2M
Participants
591
State
Industry
Retail Trade

What the Filing Says About Memphis Goodwill Inc. 403b Retirement Plan

Memphis Goodwill Inc. 403b Retirement Plan is a Profit Sharing retirement plan sponsored by Memphis Goodwill Inc., headquartered in Tennessee. As of the 2024 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 591 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 263445007, and the plan has been effective since 2009-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2024 to $2M at year-end โ€” a gain of 21.8%. Net assets (after liabilities) closed the year at $2M, with reported net income of $324K 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 โ€” 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$324K
Plan TypeProfit Sharing
Employer EIN263445007
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Memphis Goodwill Inc.)

Year Plans Participants Total Assets
2022 1 429 $1M
2023 1 529 $1M
2024 1 591 $2M

Nearby Profit Sharing Plans in Tennessee

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

Frequently Asked Questions

How much money is in the Memphis Goodwill Inc. 403b Retirement Plan?
As of the 2024 Form 5500 filing, Memphis Goodwill Inc. 403b Retirement Plan holds $2M in total assets with 591 participants. It is sponsored by Memphis Goodwill Inc..
What type of plan is Memphis Goodwill Inc. 403b Retirement Plan?
Memphis Goodwill Inc. 403b Retirement Plan is a Profit Sharing plan. It has been effective since 2009-01-01. The plan is filed with the U.S. Department of Labor under EIN 263445007.
Who sponsors the Memphis Goodwill Inc. 403b Retirement Plan?
Memphis Goodwill Inc. 403b Retirement Plan is sponsored by Memphis Goodwill Inc., located in Tennessee. The sponsor's EIN is 263445007 and the plan operates in the Retail Trade industry.
How did Memphis Goodwill Inc. 403b Retirement Plan perform in 2024?
Memphis Goodwill Inc. 403b Retirement Plan grew by 21.8% during 2024, moving from $1M to $2M in total assets. Net income was $324K.
Where can I find official filings for Memphis Goodwill Inc. 403b Retirement Plan?
Official Form 5500 filings for Memphis Goodwill Inc. 403b Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 263445007 or plan name at efast.dol.gov.
How does Memphis Goodwill Inc. 403b Retirement Plan compare to other plans?
You can compare Memphis Goodwill Inc. 403b Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Tennessee 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) โ€” original filing retrieval by EIN 263445007.

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

Reference: IRS Publication 590-B โ€” 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.