401(k) · DOL Form 5500 · 2024

Skills Development Services, Inc. 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
151
Participants Small participant base
31st
Percentile by assets National rank
$16,033
Avg per participant Low balance/head
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Official DOL plan name: Skills Development Services, Inc. 401(k) Profit Sharing Plan · Sponsored by Skills Development Services, Inc. · Tennessee · Other Services

$2M in assets, 151 participants

Skills Development Services, Inc.'s Skills Development Services, Inc. 401(k) Profit Sharing Plan reported $2M in total assets and 151 participants in its 2024 DOL Form 5500 filing, ranking in the 31st 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.

  • #4,300 in Other Services (7,719 peers)

Coverage in Tennessee

Skills Development Services, Inc. 401(k) Profit Sharing Plan covers 151 participants in Tennessee, about 13% of the average Tennessee filer (state average ~1,126 per filing). Assets: $2M.

#4,300
in Other Services (7,719 peers)
-9.5%
assets change YoY

The plan reported a net loss of $254K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Skills Development Services, Inc. 401(k) Profit Sharing Plan among the smaller filed plans by assets

Skills Development Services, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$2,420,924 31st percentile higher than 31% 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

Skills Development Services, Inc. 401(k) Profit Sharing 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. Skills Development Services, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (151 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Skills Development Services, Inc. 401(k) Profit Sharing Plan reported net income fell from $553K in the plan year 2023 filing to -$254K in the plan year 2024 filing.
  • Skills Development Services, Inc. 401(k) Profit Sharing Plan end-of-year assets fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Skills Development Services, Inc. 401(k) Profit Sharing Plan reported participants fell from 158 in the plan year 2023 filing to 151 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 620673796 · Skills Development Services, Inc. PY 2024 · 401(k)

Skills Development Services, Inc. 401(k) Profit Sharing Plan · $2M · 151 · 31st

  • VS-ST $2M
  • BOY 151
  • SCH 31st
  • EBSA 401(k)
  • PART near Mcmillan Office Inc 401(k) Profit Sharing Plan & Trust
  • TYPE ind #4300

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 Other Services retirement plans → · Plans in Tennessee →

Skills Development Services, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Skills Development Services, Inc. 401(k) Profit Sharing PlanSkills Development Services,…$2MMcmillan Office Inc 401(k) Profit Sharing Plan & TrustMcmillan Office Inc 401(k) P…$2MSewell & Neal, PLLC 401(k) Retirement PlanSewell & Neal, PLLC 401(k) R…$2MColorado Precast Inc. 401(k) PlanColorado Precast Inc. 401(k)…$2MPersonalized Therapy, LLC 401(k) Profit Sharing PlanPersonalized Therapy, LLC 40…$2M
End-of-year total assets ($M) among Skills Development Services, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$254K
Employer EIN620673796
Plan Effective Date1988-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Skills Development Services, Inc.)

Sponsor-wide plan assets over time

All Skills Development Services, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2M 14.08571635920834% vs 2022
2024 filing year
$2M$2.2M$2.4M$2.6M$2.8M 202220232024 $2.12M $2.42M ▲ +14.2%
Year Plans Participants Total Assets
2022 1 181 $2M
2023 1 158 $3M
2024 1 151 $2M

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Skills Development Services, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000 -100102030 Total assets ($B) Participants Skills Development Services, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.002420924 · Participants: 151Skills Development Services, Inc. 401(k) Profit Sharing PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 25.378065969 · Participants: 113079Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 23.821303026 · Participants: 307086Hca 401(k) PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 5.306930367 · Participants: 5830Federal Express Corporation Pilots Retirement Savings PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.993858777 · Participants: 12564International Paper Company Salaried Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.778242011 · Participants: 59441Chs/Community Health Systems, Inc. Retirement Savings Plan
Skills Development Services, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Skills Development Services, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Skills Development Services, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Mcmillan Office Inc 401(k) Profit Sharing Plan & Trust in MI ($2M); by covered participants it is Liberty Power Corp, LLC 401(k) in FL (151 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (151 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 Skills Development Services, Inc. 401(k) Profit Sharing Plan assets move in 2024? ▼
Skills Development Services, Inc. 401(k) Profit Sharing Plan pulled back noticeably - down 9.5% during 2024, from $3M to $2M. Reported net income was -$254K.
How have Skills Development Services, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Skills Development Services, Inc.'s sponsor-wide assets grew 14.1%, from $2M to $2M.
Which 401(k) plans are similar in size to Skills Development Services, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mcmillan Office Inc 401(k) Profit Sharing Plan & Trust in MI ($2M, 8 participants).
Which 401(k) plans cover a similar participant headcount to Skills Development Services, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Liberty Power Corp, LLC 401(k) in FL (151 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 620673796.

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.