Money Purchase
2022 plan-year Money Purchase DOL Form 5500

Retirement Plan for Union Employees of Mcar, Inc.

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

Sponsored by Mcar, Inc. ยท Pennsylvania ยท Healthcare & Social Assistance

What the 2023 filing shows

Retirement Plan for Union Employees of Mcar, Inc. holds $1M for 91 participants - about $15,673 per participant, down 15.8% over the 2022 plan year.

$1M
total plan assets (2022 EOY)
91
covered participants
$15,673
avg assets per participant
-15.8%
assets change YoY

The plan reported a net loss of $267K for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$1M
Participants
91
State
Industry
Healthcare & Social Assistance

What the Filing Says About Retirement Plan for Union Employees of Mcar, Inc.

Retirement Plan for Union Employees of Mcar, Inc. is a Money Purchase retirement plan sponsored by Mcar, Inc., headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 91 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 251045485, and the plan has been effective since 1974-02-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2022 to $1M at year-end โ€” a decline of 15.8%. Net assets (after liabilities) closed the year at $1M, with reported net income of $-267,322 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 โ€” 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)$2M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$-267,322
Plan TypeMoney Purchase
Employer EIN251045485
Plan Effective Date1974-02-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Retirement Plan for Union Employees of Mcar, Inc.?
As of the 2022 Form 5500 filing, Retirement Plan for Union Employees of Mcar, Inc. holds $1M in total assets with 91 participants. It is sponsored by Mcar, Inc..
What type of plan is Retirement Plan for Union Employees of Mcar, Inc.?
Retirement Plan for Union Employees of Mcar, Inc. is a Money Purchase plan. It has been effective since 1974-02-01. The plan is filed with the U.S. Department of Labor under EIN 251045485.
Who sponsors the Retirement Plan for Union Employees of Mcar, Inc.?
Retirement Plan for Union Employees of Mcar, Inc. is sponsored by Mcar, Inc., located in Pennsylvania. The sponsor's EIN is 251045485 and the plan operates in the Healthcare & Social Assistance industry.
How did Retirement Plan for Union Employees of Mcar, Inc. perform in 2022?
Retirement Plan for Union Employees of Mcar, Inc. declined by 15.8% during 2022, moving from $2M to $1M in total assets. Net income was $-267,322.
Where can I find official filings for Retirement Plan for Union Employees of Mcar, Inc.?
Official Form 5500 filings for Retirement Plan for Union Employees of Mcar, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 251045485 or plan name at efast.dol.gov.
How does Retirement Plan for Union Employees of Mcar, Inc. compare to other plans?
You can compare Retirement Plan for Union Employees of Mcar, Inc. against other Money Purchase plans on the plan type page, or view plans in Pennsylvania 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) โ€” original filing retrieval by EIN 251045485.

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

Reference: IRS Publication 590-B โ€” 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.