401(k)
2022 plan-year 401(k) DOL Form 5500

Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan

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

Sponsored by Southwest Care Center Β· New Mexico Β· Manufacturing

What the 2023 filing shows

Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan holds $6M for 141 participants - about $40,539 per participant, down 15.9% over the 2022 plan year.

$6M
total plan assets (2022 EOY)
141
covered participants
$40,539
avg assets per participant
-15.9%
assets change YoY

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

Total Assets (2023)
$6M
Participants
141
State
Industry
Manufacturing

What the Filing Says About Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan

Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan is a 401(k) retirement plan sponsored by Southwest Care Center, headquartered in New Mexico. As of the 2022 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 141 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 850397444, and the plan has been effective since 2006-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $7M at the beginning of 2022 to $6M at year-end β€” a decline of 15.9%. Net assets (after liabilities) closed the year at $6M, with reported net income of $-1,078,148 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 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)$7M
Total Assets (End of Year)$6M
Net Assets (End of Year)$6M
Net Income$-1,078,148
Plan Type401(k)
Employer EIN850397444
Plan Effective Date2006-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Southwest Care Center)

Year Plans Participants Total Assets
2022 1 141 $6M
2023 1 129 $6M
2024 1 129 $7M

Nearby 401(k) Plans in New Mexico

Peer 401(k) plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan?
As of the 2022 Form 5500 filing, Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan holds $6M in total assets with 141 participants. It is sponsored by Southwest Care Center.
What type of plan is Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan?
Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan is a 401(k) plan. It has been effective since 2006-01-01. The plan is filed with the U.S. Department of Labor under EIN 850397444.
Who sponsors the Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan?
Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan is sponsored by Southwest Care Center, located in New Mexico. The sponsor's EIN is 850397444 and the plan operates in the Manufacturing industry.
How did Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan perform in 2022?
Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan declined by 15.9% during 2022, moving from $7M to $6M in total assets. Net income was $-1,078,148.
Where can I find official filings for Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan?
Official Form 5500 filings for Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 850397444 or plan name at efast.dol.gov.
How does Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan compare to other plans?
You can compare Southwest Care Center 401(k) Profit Sharing Plan Sharing Plan against other 401(k) plans on the plan type page, or view plans in New Mexico 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 850397444.

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.