Profit Sharing
2024 plan-year Profit Sharing DOL Form 5500

Retirement Plan for Chowan University

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

Sponsored by Chowan University ยท North Carolina ยท Educational Services

What the 2023 filing shows

Retirement Plan for Chowan University holds $24M for 154 participants - about $157,387 per participant, up 2.9% over the 2024 plan year.

$24M
total plan assets (2024 EOY)
154
covered participants
$157,387
avg assets per participant
+2.9%
assets growth YoY
Total Assets (2023)
$24M
Participants
154
Industry
Educational Services

What the Filing Says About Retirement Plan for Chowan University

Retirement Plan for Chowan University is a Profit Sharing retirement plan sponsored by Chowan University, headquartered in North Carolina. As of the 2024 Form 5500 filing, the plan reports $24M in total end-of-year assets and covers 154 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 560554199, and the plan has been effective since 1981-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $24M at the beginning of 2024 to $24M at year-end โ€” a gain of 2.9%. Net assets (after liabilities) closed the year at $24M, with reported net income of $672K 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)$24M
Total Assets (End of Year)$24M
Net Assets (End of Year)$24M
Net Income$672K
Plan TypeProfit Sharing
Employer EIN560554199
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Chowan University)

Year Plans Participants Total Assets
2022 1 184 $21M
2023 1 163 $24M
2024 1 154 $24M

Nearby Profit Sharing Plans in North Carolina

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

Frequently Asked Questions

How much money is in the Retirement Plan for Chowan University?
As of the 2024 Form 5500 filing, Retirement Plan for Chowan University holds $24M in total assets with 154 participants. It is sponsored by Chowan University.
What type of plan is Retirement Plan for Chowan University?
Retirement Plan for Chowan University is a Profit Sharing plan. It has been effective since 1981-01-01. The plan is filed with the U.S. Department of Labor under EIN 560554199.
Who sponsors the Retirement Plan for Chowan University?
Retirement Plan for Chowan University is sponsored by Chowan University, located in North Carolina. The sponsor's EIN is 560554199 and the plan operates in the Educational Services industry.
How did Retirement Plan for Chowan University perform in 2024?
Retirement Plan for Chowan University grew by 2.9% during 2024, moving from $24M to $24M in total assets. Net income was $672K.
Where can I find official filings for Retirement Plan for Chowan University?
Official Form 5500 filings for Retirement Plan for Chowan University are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560554199 or plan name at efast.dol.gov.
How does Retirement Plan for Chowan University compare to other plans?
You can compare Retirement Plan for Chowan University against other Profit Sharing plans on the plan type page, or view plans in North Carolina 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 560554199.

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.