401(k) ยท DOL Form 5500 ยท 2022

Martin Car Financing, Inc. 401(k) Plan

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

$7M
Total assets
157
Participants
34th
Percentile by assets

Sponsored by Martin Car Financing, Inc. ยท Georgia ยท Retail Trade

What the 2022 filing shows

Martin Car Financing, Inc. 401(k) Plan holds $7M for 157 participants - about $41,883 per participant, in the lower half of filed plans by assets, down 15.1% over the 2022 plan year.

$7M
total plan assets (2022 EOY)
157
covered participants
34th
percentile by assets (of 84,055 plans)
$41,883
avg assets per participant

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$7M
Participants
157
State
Industry
Retail Trade

What the Filing Says About Martin Car Financing, Inc. 401(k) Plan

Martin Car Financing, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Martin Car Financing, Inc., headquartered in Georgia. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 157 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 581813337, and the plan has been effective since 2001-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2022 to $7M at year-end - a decline of 15.1%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-1,170,579 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, 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)$8M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$-1,170,579
Plan Type401(k)
Employer EIN581813337
Plan Effective Date2001-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Martin Car Financing, Inc. 401(k) Plan?
As of the 2022 Form 5500 filing, Martin Car Financing, Inc. 401(k) Plan holds $7M in total assets with 157 participants. It is sponsored by Martin Car Financing, Inc..
What type of plan is Martin Car Financing, Inc. 401(k) Plan?
Martin Car Financing, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 2001-01-01. The plan is filed with the U.S. Department of Labor under EIN 581813337.
Who sponsors the Martin Car Financing, Inc. 401(k) Plan?
Martin Car Financing, Inc. 401(k) Plan is sponsored by Martin Car Financing, Inc., located in Georgia. The sponsor's EIN is 581813337 and the plan operates in the Retail Trade industry.
How did Martin Car Financing, Inc. 401(k) Plan perform in 2022?
Martin Car Financing, Inc. 401(k) Plan declined by 15.1% during 2022, moving from $8M to $7M in total assets. Net income was $-1,170,579.
Where can I find official filings for Martin Car Financing, Inc. 401(k) Plan?
Official Form 5500 filings for Martin Car Financing, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 581813337 or plan name at efast.dol.gov.
How does Martin Car Financing, Inc. 401(k) Plan compare to other plans?
You can compare Martin Car Financing, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Georgia on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

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) - original filing retrieval by EIN 581813337.

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

Reference: IRS Publication 590-B, 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.