Profit Sharing · DOL Form 5500 · 2024
Shands Teaching Hospital and Clinics, Inc. Profit Sharing Plan
Data updated 2026-08-25
- $487M
- Total assets Above avg plan size
- 10,470
- Participants Very large workforce
- 97th
- Percentile by assets National rank
- $46,501
- Avg per participant Low balance/head
Official DOL plan name: Shands Health Care Matched Savings Account 401(a) · Sponsored by Shands Teaching Hospital and Clinics, Inc. · Florida · Healthcare & Social Assistance
$487M in assets, 10,470 participants
Shands Teaching Hospital and Clinics, Inc.'s Shands Health Care Matched Savings Account 401(a) reported $487M in total assets and 10,470 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.
- #16,442 in Healthcare & Social Assistance (16,916 peers)
Coverage in Florida
Shands Health Care Matched Savings Account 401(a) covers 10,470 participants in Florida, 17x the typical Florida plan (state average ~628 per filing). Assets: $487M.
- #16,442
- in Healthcare & Social Assistance (16,916 peers)
- +15.6%
- assets growth YoY
- 4.9×
- vs typical plan assets (national mean)
Shands Health Care Matched Savings Account 401(a)'s outsized position by total assets
Shands Health Care Matched Savings Account 401(a) vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$486,868,039 Top 3% higher than 97% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Shands Health Care Matched Savings Account 401(a)'s mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Shands Health Care Matched Savings Account 401(a) is a mega filing (10,470 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Shands Health Care Matched Savings Account 401(a) end-of-year assets rose from $421M in the plan year 2023 filing to $487M in the plan year 2024 filing.
- Shands Health Care Matched Savings Account 401(a) reported net income fell from $72M in the plan year 2023 filing to $66M in the plan year 2024 filing.
- Shands Health Care Matched Savings Account 401(a) reported participants rose from 9,825 in the plan year 2023 filing to 10,470 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 591943502 · Shands Teaching Hospital and Clinics, Inc. PY 2024 · Profit Sharing
Shands Health Care Matched Savings Account 401(a) · $487M · 10,470 · 97th
- NET $487M
- NET 10,470
- NET 97th
- NET Profit Sharing
- NET near Ballad Health 401(a) Plan
- NET ind #16442
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 Healthcare & Social Assistance retirement plans → · Plans in Florida →
Shands Health Care Matched Savings Account 401(a) in the asset neighbourhood
Florida filing particulars
| Total Assets (Beginning of Year) | $421M |
|---|---|
| Net Assets (End of Year) | $487M |
| Net Income | $66M |
| Employer EIN | 591943502 |
| Plan Effective Date | 1998-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Shands Teaching Hospital and Clinics, Inc.)
Sponsor-wide plan assets over time
All Shands Teaching Hospital and Clinics, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.1B 13.363251998309785% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 22,571 | $1.8B |
| 2023 | 3 | 23,391 | $2.0B |
| 2024 | 3 | 24,527 | $2.1B |
Nearby Profit Sharing Plans in Florida
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Retirement Wealth Builder Plan of Pwc $5.7B · 45,185
- Raymond James Financial, Inc. & Affiliates Profit Sharing Plan $1.3B · 16,046
- Orlando Health, Inc. Retirement Savings Plan 401a $458M · 27,976
- American Maritime Officers Defined Contribution Plan $357M · 4,201
- Retirement Wealth Builder Plan for Business Services Staff of Pwc $265M · 4,360
Scale composition for Shands Health Care Matched Savings Account 401(a)
Shands Health Care Matched Savings Account 401(a) reports $487M in end-of-year assets across 10,470 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $46,501 per participant (34% of the national average assets-per-participant) . Net income for plan year 2024 was $66M.
This plan identity (EIN 591943502, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $349M to $487M (+39.6%) while covered participants moved from 9,486 to 10,470 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 9,486 | $349M | Open filing |
| 2023 | 9,825 | $421M | Open filing |
| 2024 · index core | 10,470 | $487M | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Shands Healthcare Pension Plan II (Defined Benefit (Pension), $958M, 2,264 participants)
- Shands Healthcare Matched Savings Account 403(b) (Other, $625M, 11,793 participants)
Shands Health Care Matched Savings Account 401(a)'s out-of-state Profit Sharing peers by assets and headcount
Outside Florida, the nearest Profit Sharing by assets is Ballad Health 401(a) Plan in TN ($486M); by covered participants it is Temple University Health System, Inc. Defined Contribution Retirement Plan in PA (10,394 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($487M here).
- Ballad Health 401(a) Plan (TN) $486M · 4,963
- SEIU 775 Secure Retirement Plan (WA) $498M · 72,804
- Sheet Metal Workers Annuity Fund Local Union No. 19 (PA) $474M · 2,850
- American Heart Association, Inc. Qualified Retirement Plan (TX) $514M · 3,779
Similar participant headcount
Nearest other-state filings by covered participants (10,470 participants); asset peers above are excluded.
- Temple University Health System, Inc. Defined Contribution Retirement Plan (PA) 10,394 · 76 off
- Operating Engineers Local 825 Profit Sharing Fund (NJ) 10,365 · 105 off
- North Atlantic States Carpenters Annuity Plan (CT) 10,631 · 161 off
- International Painters and Allied Trades Industry Annuity Plan (MD) 10,721 · 251 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.