Other · DOL Form 5500 · 2024

Salem Academy and College Retirement Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
162
Participants Small participant base
53rd
Percentile by assets National rank
$54,729
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Salem Academy and College Tax Deferred Annuity Plan · Sponsored by Salem Academy and College · North Carolina · Educational Services

$9M in assets, 162 participants

Salem Academy and College's Salem Academy and College Tax Deferred Annuity Plan reported $9M in total assets and 162 participants in its 2024 DOL Form 5500 filing, ranking in the 53rd 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.

  • #1,318 in Educational Services (3,638 peers)

Coverage in North Carolina

Salem Academy and College Tax Deferred Annuity Plan covers 162 participants in North Carolina, about 20% of the average North Carolina filer (state average ~819 per filing). Assets: $9M.

#1,318
in Educational Services (3,638 peers)
+9.9%
assets growth YoY

Salem Academy and College Tax Deferred Annuity Plan's mid-pack asset rank among Educational Services and all filers

Salem Academy and College Tax Deferred Annuity Plan vs every filed plan by assets

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

$8,866,095 Top 47% higher than 53% 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 Tax Deferred Annuity 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. Salem Academy and College Tax Deferred Annuity Plan sits mid-pack in the medium band (162 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Salem Academy and College Tax Deferred Annuity Plan reported participants rose from 90 in the plan year 2023 filing to 162 in the plan year 2024 filing.
  • Salem Academy and College Tax Deferred Annuity Plan reported net income fell from $935K in the plan year 2023 filing to $798K in the plan year 2024 filing.
  • Salem Academy and College Tax Deferred Annuity Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

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

Salem Academy and College Tax Deferred Annuity Plan · $9M · 162 · 53rd

  • NET $9M
  • NET 162
  • NET 53rd
  • NET Other
  • NET near Legal Aid of Western Michigan Savings and Retirement Plan
  • NET ind #1318

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 Tax Deferred Annuity Plan in the asset neighbourhood

The Maryhaven Retirement Plan$9MSalem Academy and College Tax Deferred Annuity PlanSalem Academy and College Ta…$9MFreestore Foodbank, Inc. 403b Profit Sharing PlanFreestore Foodbank, Inc. 403…$9MLegal Aid of Western Michigan Savings and Retirement PlanLegal Aid of Western Michiga…$9MVista Life Innovations, Inc. 403(b) PlanVista Life Innovations, Inc.…$9M
End-of-year total assets ($M) among Salem Academy and College Tax Deferred Annuity Plan and nearest nationwide Other peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$798K
Employer EIN560530005
Plan Effective Date1975-11-01
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 Tax Deferred Annuity Plan vs. nearby Other plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -5051015 Total assets ($B) Participants Salem Academy and College Tax Deferred Annuity Plan, Total assets ($B): 0.008866095 · Participants: 162Salem Academy and College Tax Deferred Annuity 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 Tax Deferred Annuity Plan vs. nearby Other plans in North Carolina, assets vs. participants
Compare Salem Academy and College Tax Deferred Annuity Plan side-by-side with 3 peers →

Salem Academy and College Tax Deferred Annuity Plan's out-of-state Other peers by assets and headcount

Outside North Carolina, the nearest Other by assets is Legal Aid of Western Michigan Savings and Retirement Plan in MI ($9M); by covered participants it is The Boston Architectural College 403(b) Retirement Plan in MA (162 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (162 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 Tax Deferred Annuity Plan assets move in 2024? ▼
Salem Academy and College Tax Deferred Annuity Plan grew at a solid clip - up 9.9% during 2024, from $8M to $9M. Reported net income was $798K.
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 Tax Deferred Annuity Plan? ▼
Among Other plans in other states, the closest by assets is Legal Aid of Western Michigan Savings and Retirement Plan in MI ($9M, 70 participants).
Which Other plans cover a similar participant headcount to Salem Academy and College Tax Deferred Annuity Plan? ▼
Among Other plans in other states, the closest by covered participants is The Boston Architectural College 403(b) Retirement Plan in MA (162 participants, $14M 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.