Other · DOL Form 5500 · 2024

Salem Academy and College Retirement Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
59
Participants Small participant base
74th
Percentile by assets National rank
$410,690
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Salem Academy and College Faculty Defined Contribution Retirement Plan · Sponsored by Salem Academy and College · North Carolina · Educational Services

$24M in assets, 59 participants

Salem Academy and College's Salem Academy and College Faculty Defined Contribution Retirement Plan reported $24M in total assets and 59 participants in its 2024 DOL Form 5500 filing, ranking in the 74th 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.

  • #2,092 in Educational Services (3,638 peers)

What the 2024 filing shows

Salem Academy and College Faculty Defined Contribution Retirement Plan holds $24M for 59 participants - about $410,690 per participant, above the median plan by assets.

#2,092
in Educational Services (3,638 peers)
+2.7%
assets growth YoY

Salem Academy and College Faculty Defined Contribution Retirement Plan's outsized position by total assets

Salem Academy and College Faculty Defined Contribution Retirement Plan vs every filed plan by assets

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

$24,230,726 Top 26% higher than 74% 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

Salem Academy and College Faculty Defined Contribution Retirement Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Salem Academy and College Faculty Defined Contribution Retirement Plan is a small filing (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Salem Academy and College Faculty Defined Contribution Retirement Plan reported net income rose from -$96K in the plan year 2023 filing to $638K in the plan year 2024 filing.
  • Salem Academy and College Faculty Defined Contribution Retirement Plan reported participants fell from 83 in the plan year 2023 filing to 59 in the plan year 2024 filing.
  • Salem Academy and College Faculty Defined Contribution Retirement Plan end-of-year assets rose from $24M in the plan year 2023 filing to $24M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 560530005 · Salem Academy and College PY 2024 · Other

Salem Academy and College Faculty Defined Contribution Retirement Plan · $24M · 59 · 74th

  • BOOK $24M
  • VS-ST 59
  • BOY 74th
  • SCH Other
  • EBSA near Nyise Tax Deferred Annuity Plan
  • PART ind #2092

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 North Carolina →

Salem Academy and College Faculty Defined Contribution Retirement Plan in the asset neighbourhood

Wsfssh 403(b) Retirement Savings PlanWsfssh 403(b) Retirement Sav…$24MCincinnati Country Day School Tiaa Cref Retirement PlanCincinnati Country Day Schoo…$24MThe Brandeis School of San Francisco Retirement PlanThe Brandeis School of San F…$24MSalem Academy and College Faculty Defined Contribution Retirement PlanSalem Academy and College Fa…$24MNyise Tax Deferred Annuity PlanNyise Tax Deferred Annuity P…$24M
End-of-year total assets ($M) among Salem Academy and College Faculty Defined Contribution Retirement Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2024.

Filing particulars (2024)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$24M
Net Income$638K
Employer EIN560530005
Plan Effective Date1947-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Salem Academy and College)

Sponsor-wide plan assets over time

All Salem Academy and College plans reported in each filing year

Latest sponsor-wide plan assets
$33M 7.381496624604009% vs 2022
2024 filing year
$30M$31M$32M$33M$34M 202220232024 $30.8M $33.1M ▲ +7.4%
Year Plans Participants Total Assets
2022 2 159 $31M
2023 2 173 $32M
2024 2 221 $33M

Nearby Other Plans in North Carolina

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

Salem Academy and College Faculty Defined Contribution Retirement Plan vs. nearby Other plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -5051015 Total assets ($B) Participants Salem Academy and College Faculty Defined Contribution Retirement Plan, Total assets ($B): 0.024230726 · Participants: 59Salem Academy and College Faculty Defined Contribution Retirement PlanThe Duke University Faculty and Staff Retirement Plan, Total assets ($B): 11.044676648 · Participants: 48377The Duke University Faculty and Staff Retirement PlanWake Forest Baptist Medical Center 403(b) Retirement Savings Plan, Total assets ($B): 3.642720552 · Participants: 19745Wake Forest Baptist Medical Center 403(b) Retirement Savings PlanThe Moses H. Cone Memorial Hospital Voluntary Savings Plan, Total assets ($B): 1.62454492 · Participants: 13533The Moses H. Cone Memorial Hospital Voluntary Savings PlanWake Forest University Retirement Plan, Total assets ($B): 0.889362028 · Participants: 3215Wake Forest University Retirement PlanCaromont Health, Inc. Retirement Savings Plan, Total assets ($B): 0.510802535 · Participants: 4913Caromont Health, Inc. Retirement Savings Plan
Salem Academy and College Faculty Defined Contribution Retirement Plan vs. nearby Other plans in North Carolina, assets vs. participants
Compare Salem Academy and College Faculty Defined Contribution Retirement Plan side-by-side with 3 peers →

Salem Academy and College Faculty Defined Contribution Retirement Plan's out-of-state Other peers by assets and headcount

Outside North Carolina, the nearest Other by assets is Nyise Tax Deferred Annuity Plan in NY ($24M); by covered participants it is Southern Berks Regional Ems Union Employees 403b in PA (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 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 Salem Academy and College Faculty Defined Contribution Retirement Plan assets move in 2024? ▼
Salem Academy and College Faculty Defined Contribution Retirement Plan edged up modestly - up 2.7% during 2024, from $24M to $24M. Reported net income was $638K.
How have Salem Academy and College plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Salem Academy and College's sponsor-wide assets grew 7.4%, from $31M to $33M.
Which Other plans are similar in size to Salem Academy and College Faculty Defined Contribution Retirement Plan? ▼
Among Other plans in other states, the closest by assets is Nyise Tax Deferred Annuity Plan in NY ($24M, 67 participants).
Which Other plans cover a similar participant headcount to Salem Academy and College Faculty Defined Contribution Retirement Plan? ▼
Among Other plans in other states, the closest by covered participants is Southern Berks Regional Ems Union Employees 403b in PA (59 participants, N/A in assets).

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 560530005.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.