Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

OPEN ARMS CARE CORPORATION RETIREMENT PLAN

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

OPEN ARMS CARE CORPORATION

This Profit Sharing plan holds $8M in total assets and serves 725 participants as of 2024. It is sponsored by OPEN ARMS CARE CORPORATION in Tennessee. The plan reported positive net income of $553K for the year.

Total Assets (2023)
$8M
Participants
725
State
Industry
Healthcare & Social Assistance

What the Filing Says About OPEN ARMS CARE CORPORATION RETIREMENT PLAN

OPEN ARMS CARE CORPORATION RETIREMENT PLAN is a Profit Sharing retirement plan sponsored by OPEN ARMS CARE CORPORATION, headquartered in Tennessee. As of the 2024 Form 5500 filing, the plan reports $8M in total end-of-year assets and covers 725 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 581839449, and the plan has been effective since 1994-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2024 to $8M at year-end — a gain of 7.3%. Net assets (after liabilities) closed the year at $8M, with reported net income of $553K 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)$8M
Net Assets (End of Year)$8M
Net Income$553K
Plan TypeProfit Sharing
Employer EIN581839449
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (OPEN ARMS CARE CORPORATION)

Year Plans Participants Total Assets
2022 1 680 $7M
2023 1 697 $8M
2024 1 725 $8M

Nearby Profit Sharing Plans in Tennessee

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

Frequently Asked Questions

How much money is in the OPEN ARMS CARE CORPORATION RETIREMENT PLAN?
As of the 2024 Form 5500 filing, OPEN ARMS CARE CORPORATION RETIREMENT PLAN holds $8M in total assets with 725 participants. It is sponsored by OPEN ARMS CARE CORPORATION.
What type of plan is OPEN ARMS CARE CORPORATION RETIREMENT PLAN?
OPEN ARMS CARE CORPORATION RETIREMENT PLAN is a Profit Sharing plan. It has been effective since 1994-01-01. The plan is filed with the U.S. Department of Labor under EIN 581839449.
Who sponsors the OPEN ARMS CARE CORPORATION RETIREMENT PLAN?
OPEN ARMS CARE CORPORATION RETIREMENT PLAN is sponsored by OPEN ARMS CARE CORPORATION, located in Tennessee. The sponsor's EIN is 581839449 and the plan operates in the Healthcare & Social Assistance industry.
How did OPEN ARMS CARE CORPORATION RETIREMENT PLAN perform in 2024?
OPEN ARMS CARE CORPORATION RETIREMENT PLAN grew by 7.3% during 2024, moving from $8M to $8M in total assets. Net income was $553K.
Where can I find official filings for OPEN ARMS CARE CORPORATION RETIREMENT PLAN?
Official Form 5500 filings for OPEN ARMS CARE CORPORATION RETIREMENT PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 581839449 or plan name at efast.dol.gov.
How does OPEN ARMS CARE CORPORATION RETIREMENT PLAN compare to other plans?
You can compare OPEN ARMS CARE CORPORATION 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) — original filing retrieval by EIN 581839449.

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 official public datasets. See our methodology for details.