Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Metropolitan Center for Independent Living 403(b) Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA β€” verify with linked source filings below.

Sponsored by Metropolitan Center for Independent Living Β· Minnesota Β· Healthcare & Social Assistance

What the 2023 filing shows

Metropolitan Center for Independent Living 403(b) Retirement Plan holds $283K for 239 participants - about $1,186 per participant, up 18.9% over the 2022 plan year.

$283K
total plan assets (2022 EOY)
239
covered participants
$1,186
avg assets per participant
+18.9%
assets growth YoY
Total Assets (2023)
$283K
Participants
239
State
Industry
Healthcare & Social Assistance

What the Filing Says About Metropolitan Center for Independent Living 403(b) Retirement Plan

Metropolitan Center for Independent Living 403(b) Retirement Plan is a Profit Sharing retirement plan sponsored by Metropolitan Center for Independent Living, headquartered in Minnesota. As of the 2022 Form 5500 filing, the plan reports $283K in total end-of-year assets and covers 239 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 411395139, and the plan has been effective since 2020-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $238K at the beginning of 2022 to $283K at year-end β€” a gain of 18.9%. Net assets (after liabilities) closed the year at $283K, with reported net income of $45K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows β€” a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$238K
Total Assets (End of Year)$283K
Net Assets (End of Year)$283K
Net Income$45K
Plan TypeProfit Sharing
Employer EIN411395139
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Metropolitan Center for Independent Living 403(b) Retirement Plan?
As of the 2022 Form 5500 filing, Metropolitan Center for Independent Living 403(b) Retirement Plan holds $283K in total assets with 239 participants. It is sponsored by Metropolitan Center for Independent Living.
What type of plan is Metropolitan Center for Independent Living 403(b) Retirement Plan?
Metropolitan Center for Independent Living 403(b) Retirement Plan is a Profit Sharing plan. It has been effective since 2020-01-01. The plan is filed with the U.S. Department of Labor under EIN 411395139.
Who sponsors the Metropolitan Center for Independent Living 403(b) Retirement Plan?
Metropolitan Center for Independent Living 403(b) Retirement Plan is sponsored by Metropolitan Center for Independent Living, located in Minnesota. The sponsor's EIN is 411395139 and the plan operates in the Healthcare & Social Assistance industry.
How did Metropolitan Center for Independent Living 403(b) Retirement Plan perform in 2022?
Metropolitan Center for Independent Living 403(b) Retirement Plan grew by 18.9% during 2022, moving from $238K to $283K in total assets. Net income was $45K.
Where can I find official filings for Metropolitan Center for Independent Living 403(b) Retirement Plan?
Official Form 5500 filings for Metropolitan Center for Independent Living 403(b) Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 411395139 or plan name at efast.dol.gov.
How does Metropolitan Center for Independent Living 403(b) Retirement Plan compare to other plans?
You can compare Metropolitan Center for Independent Living 403(b) Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Minnesota on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) β€” original filing retrieval by EIN 411395139.

Reference: IRS Publication 560 β€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B β€” Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.