Profit Sharing · DOL Form 5500 · 2024

South Cove Community Health Center Profit Sharing Plan

Data updated 2026-08-25

$45M
Total assets Below avg plan size
259
Participants Below avg headcount
83rd
Percentile by assets National rank
$173,057
Avg per participant Above avg balance/head
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Official DOL plan name: Scchc Profit Sharing & 401(k) Plan · Sponsored by South Cove Community Health Center · Massachusetts · Healthcare & Social Assistance

$45M in assets, 259 participants

South Cove Community Health Center's Scchc Profit Sharing & 401(k) Plan reported $45M in total assets and 259 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #14,423 in Healthcare & Social Assistance (16,916 peers)

Coverage in Massachusetts

Scchc Profit Sharing & 401(k) Plan covers 259 participants in Massachusetts, about 39% of the average Massachusetts filer (state average ~659 per filing). Assets: $45M.

#14,423
in Healthcare & Social Assistance (16,916 peers)
+12.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Scchc Profit Sharing & 401(k) Plan's outsized position by total assets

Scchc Profit Sharing & 401(k) Plan vs every filed plan by assets

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

$44,821,665 Top 17% higher than 83% 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

Scchc Profit Sharing & 401(k) 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. Scchc Profit Sharing & 401(k) Plan sits mid-pack in the medium band (259 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Scchc Profit Sharing & 401(k) Plan reported net income fell from $21M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Scchc Profit Sharing & 401(k) Plan end-of-year assets rose from $40M in the plan year 2023 filing to $45M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 042501818 · South Cove Community Health Center PY 2024 · Profit Sharing

Scchc Profit Sharing & 401(k) Plan · $45M · 259 · 83rd

  • PHOTO $45M
  • IND 259
  • EOY 83rd
  • 5500 Profit Sharing
  • ASSETS near Empire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc.
  • PCT ind #14423

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 Massachusetts →

Scchc Profit Sharing & 401(k) Plan in the asset neighbourhood

403(b) Thrift Plan for Employees of Community Health Resources, Inc.403(b) Thrift Plan for Emplo…$45MEmpire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc.Empire State Highway Contrac…$45MScchc Profit Sharing & 401(k) PlanScchc Profit Sharing & 401(k…$45MIBEW Local No. 32 NECA Profit Sharing Annuity PlanIBEW Local No. 32 NECA Profi…$45MUniversity School of Nashville Retirement PlanUniversity School of Nashvil…$45M
End-of-year total assets ($M) among Scchc Profit Sharing & 401(k) Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$40M
Net Assets (End of Year)$45M
Net Income$5M
Employer EIN042501818
Plan Effective Date1993-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (South Cove Community Health Center)

Sponsor-wide plan assets over time

All South Cove Community Health Center plans reported in each filing year

Latest sponsor-wide plan assets
$45M 131.28249999561393% vs 2022
2024 filing year
$10M$20M$30M$40M$50M 202220232024 $19.4M $44.8M ▲ +131.3%
Year Plans Participants Total Assets
2022 1 251 $19M
2023 1 258 $40M
2024 1 259 $45M

Nearby Profit Sharing Plans in Massachusetts

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

Scchc Profit Sharing & 401(k) Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -505101520 Total assets ($B) Participants Scchc Profit Sharing & 401(k) Plan, Total assets ($B): 0.044821665 · Participants: 259Scchc Profit Sharing & 401(k) PlanConsolidated 403(b) Program of Mass General Brigham and Member Organizations, Total assets ($B): 16.746508173 · Participants: 76559Consolidated 403(b) Program of Mass General Brigham and Member OrganizationsDemoulas (Restated) Profit Sharing Plan & Trust, Total assets ($B): 1.11674253 · Participants: 14037Demoulas (Restated) Profit Sharing Plan & TrustDana-Farber Cancer Institute Retirement Plan, Total assets ($B): 0.93023844 · Participants: 5518Dana-Farber Cancer Institute Retirement PlanThe Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund, Total assets ($B): 0.685607607 · Participants: 6385The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement FundSheet Metal Workers Local 17 Annuity Income Fund, Total assets ($B): 0.656271721 · Participants: 3065Sheet Metal Workers Local 17 Annuity Income Fund
Scchc Profit Sharing & 401(k) Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
Compare Scchc Profit Sharing & 401(k) Plan side-by-side with 3 peers →

Scchc Profit Sharing & 401(k) Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Massachusetts, the nearest Profit Sharing by assets is Empire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc. in NY ($45M); by covered participants it is Pete's Corporation Retirement Plan in KS (259 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (259 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 Scchc Profit Sharing & 401(k) Plan assets move in 2024? ▼
Scchc Profit Sharing & 401(k) Plan grew at a solid clip - up 12.0% during 2024, from $40M to $45M. Reported net income was $5M.
How have South Cove Community Health Center plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), South Cove Community Health Center's sponsor-wide assets grew 131.3%, from $19M to $45M.
Where does Scchc Profit Sharing & 401(k) Plan rank by assets among Form 5500 filers? ▼
Scchc Profit Sharing & 401(k) Plan ranks in the 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which Profit Sharing plans are similar in size to Scchc Profit Sharing & 401(k) Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Empire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc. in NY ($45M, 86 participants).
Which Profit Sharing plans cover a similar participant headcount to Scchc Profit Sharing & 401(k) Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Pete's Corporation Retirement Plan in KS (259 participants, $1M 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 042501818.

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.