Profit Sharing · DOL Form 5500 · 2024

Psalms, Inc. Profit Sharing Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
182
Participants Below avg headcount
27th
Percentile by assets National rank
$8,945
Avg per participant Low balance/head
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Official DOL plan name: Psalms, Inc. Retirement Plan · Sponsored by Psalms, Inc. · Tennessee · Healthcare & Social Assistance

$2M in assets, 182 participants

Psalms, Inc.'s Psalms, Inc. Retirement Plan reported $2M in total assets and 182 participants in its 2024 DOL Form 5500 filing, ranking in the 27th 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.

  • #4,146 in Healthcare & Social Assistance (16,916 peers)

Coverage in Tennessee

Psalms, Inc. Retirement Plan covers 182 participants in Tennessee, about 16% of the average Tennessee filer (state average ~1,126 per filing). Assets: $2M.

#4,146
in Healthcare & Social Assistance (16,916 peers)
+4.1%
assets growth YoY

Psalms, Inc. Retirement Plan among the smaller filed plans by assets

Psalms, Inc. Retirement Plan vs every filed plan by assets

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

$1,627,977 27th percentile higher than 27% 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

Psalms, Inc. Retirement 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. Psalms, Inc. Retirement Plan sits mid-pack in the medium band (182 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Psalms, Inc. Retirement Plan reported net income fell from $150K in the plan year 2023 filing to $64K in the plan year 2024 filing.
  • Psalms, Inc. Retirement Plan end-of-year assets rose from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Psalms, Inc. Retirement Plan reported participants fell from 187 in the plan year 2023 filing to 182 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 621106224 · Psalms, Inc. PY 2024 · Profit Sharing

Psalms, Inc. Retirement Plan · $2M · 182 · 27th

  • EOY $2M
  • 5500 182
  • ASSETS 27th
  • PCT Profit Sharing
  • EIN near Dr. Neil Elliott, D.C., P.C. Profit Sharing Plan and Trust
  • RANK ind #4146

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 Tennessee →

Psalms, Inc. Retirement Plan in the asset neighbourhood

Psalms, Inc. Retirement Plan$2MDr. Neil Elliott, D.C., P.C. Profit Sharing Plan and TrustDr. Neil Elliott, D.C., P.C.…$2MOftalmologos Asociados Del Norte, Csp Retirement PlanOftalmologos Asociados Del N…$2MD5 Enterprises Inc. Retirement PlanD5 Enterprises Inc. Retireme…$2MBonnyville Construction Co. Pension Plan Fka Money Purchase Pension Plan and Trust of the Bonnyville Construction Co.Bonnyville Construction Co. …$2M
End-of-year total assets ($M) among Psalms, Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$64K
Employer EIN621106224
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Psalms, Inc.)

Sponsor-wide plan assets over time

All Psalms, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 15.14113121394274% vs 2022
2024 filing year
$1.3M$1.4M$1.5M$1.6M$1.7M 202220232024 $1.41M $1.63M ▲ +15.6%
Year Plans Participants Total Assets
2022 1 189 $1M
2023 1 187 $2M
2024 1 182 $2M

Nearby Profit Sharing Plans in Tennessee

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

Psalms, Inc. Retirement Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -20000200040006000 -2000200400600 Total assets ($M) Participants Psalms, Inc. Retirement Plan, Total assets ($M): 1.627977 · Participants: 182Psalms, Inc. Retirement PlanBallad Health 401(a) Plan, Total assets ($M): 486.286208 · Participants: 4963Ballad Health 401(a) PlanShreveport Electrical Industry Profit Sharing Plan, Total assets ($M): 95.199644 · Participants: 527Shreveport Electrical Industry Profit Sharing PlanNew Orleans Electrical Annuity Plan, Total assets ($M): 88.353304 · Participants: 1393New Orleans Electrical Annuity PlanUlps Employee Savings Plan, Total assets ($M): 78.101983 · Participants: 236Ulps Employee Savings PlanThompson Machinery Commerce Corp Profit Sharing Plan, Total assets ($M): 57.665281 · Participants: 944Thompson Machinery Commerce Corp Profit Sharing Plan
Psalms, Inc. Retirement Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants
Compare Psalms, Inc. Retirement Plan side-by-side with 3 peers →

Psalms, Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Tennessee, the nearest Profit Sharing by assets is Dr. Neil Elliott, D.C., P.C. Profit Sharing Plan and Trust in IL ($2M); by covered participants it is The Wells Group, LLC Profit Sharing Plan in KY (182 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (182 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 Psalms, Inc. Retirement Plan assets move in 2024? ▼
Psalms, Inc. Retirement Plan edged up modestly - up 4.1% during 2024, from $2M to $2M. Reported net income was $64K.
How have Psalms, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Psalms, Inc.'s sponsor-wide assets grew 15.1%, from $1M to $2M.
Which Profit Sharing plans are similar in size to Psalms, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Dr. Neil Elliott, D.C., P.C. Profit Sharing Plan and Trust in IL ($2M, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Psalms, Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is The Wells Group, LLC Profit Sharing Plan in KY (182 participants, $18M 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 621106224.

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.