401(k) ยท DOL Form 5500 ยท 2022

Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan

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

$99M
Total assets
372
Participants
88th
Percentile by assets

Sponsored by Marine Spill Response Corporation ยท Virginia ยท Administrative & Support Services

What the 2022 filing shows

Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan holds $99M for 372 participants - about $266,458 per participant, in the top quartile of all filed plans by assets, down 18.4% over the 2022 plan year.

$99M
total plan assets (2022 EOY)
372
covered participants
88th
percentile by assets (of 84,055 plans)
$266,458
avg assets per participant

The plan reported a net loss of $22M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$99M
Participants
372
State
Industry
Administrative & Support Services

What the Filing Says About Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan

Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan is a 401(k) retirement plan sponsored by Marine Spill Response Corporation, headquartered in Virginia. As of the 2022 Form 5500 filing, the plan reports $99M in total end-of-year assets and covers 372 participants across the Administrative & Support Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 621437621, and the plan has been effective since 1990-12-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $121M at the beginning of 2022 to $99M at year-end - a decline of 18.4%. Net assets (after liabilities) closed the year at $99M, with reported net income of $-22,306,368 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 and can be compared against 2 prior plan-year filings from the same sponsor shown below.

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)$121M
Total Assets (End of Year)$99M
Net Assets (End of Year)$99M
Net Income$-22,306,368
Plan Type401(k)
Employer EIN621437621
Plan Effective Date1990-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Marine Spill Response Corporation)

Year Plans Participants Total Assets
2022 1 372 $99M
2023 1 372 $114M
2024 1 354 $123M

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Frequently Asked Questions

How much money is in the Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan?
As of the 2022 Form 5500 filing, Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan holds $99M in total assets with 372 participants. It is sponsored by Marine Spill Response Corporation.
What type of plan is Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan?
Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan is a 401(k) plan. It has been effective since 1990-12-01. The plan is filed with the U.S. Department of Labor under EIN 621437621.
Who sponsors the Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan?
Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan is sponsored by Marine Spill Response Corporation, located in Virginia. The sponsor's EIN is 621437621 and the plan operates in the Administrative & Support Services industry.
How did Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan perform in 2022?
Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan declined by 18.4% during 2022, moving from $121M to $99M in total assets. Net income was $-22,306,368.
Where can I find official filings for Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan?
Official Form 5500 filings for Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 621437621 or plan name at efast.dol.gov.
How does Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan compare to other plans?
You can compare Marine Spill Response Corporation 401(k) Profit Sharing Thrift Savings Plan against other 401(k) plans on the plan type page, or view plans in Virginia 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 621437621.

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.