Profit Sharing Β· DOL Form 5500 Β· 2022

Marine Military Academy, Inc. Retirement Plan

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

$12M
Total assets
88
Participants
51th
Percentile by assets

Sponsored by Marine Military Academy, Inc. Β· Texas Β· Educational Services

What the 2022 filing shows

Marine Military Academy, Inc. Retirement Plan holds $12M for 88 participants - about $137,495 per participant, above the median plan by assets, down 15.7% over the 2022 plan year.

$12M
total plan assets (2022 EOY)
88
covered participants
51th
percentile by assets (of 84,055 plans)
$137,495
avg assets per participant

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$12M
Participants
88
State
Industry
Educational Services

What the Filing Says About Marine Military Academy, Inc. Retirement Plan

Marine Military Academy, Inc. Retirement Plan is a Profit Sharing retirement plan sponsored by Marine Military Academy, Inc., headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $12M in total end-of-year assets and covers 88 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 741507957, and the plan has been effective since 1972-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $14M at the beginning of 2022 to $12M at year-end - a decline of 15.7%. Net assets (after liabilities) closed the year at $12M, with reported net income of $-2,245,752 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)$14M
Total Assets (End of Year)$12M
Net Assets (End of Year)$12M
Net Income$-2,245,752
Plan TypeProfit Sharing
Employer EIN741507957
Plan Effective Date1972-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Marine Military Academy, Inc.)

Year Plans Participants Total Assets
2022 1 88 $12M
2023 1 103 $12M
2024 1 103 $14M

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the Marine Military Academy, Inc. Retirement Plan?
As of the 2022 Form 5500 filing, Marine Military Academy, Inc. Retirement Plan holds $12M in total assets with 88 participants. It is sponsored by Marine Military Academy, Inc..
What type of plan is Marine Military Academy, Inc. Retirement Plan?
Marine Military Academy, Inc. Retirement Plan is a Profit Sharing plan. It has been effective since 1972-09-01. The plan is filed with the U.S. Department of Labor under EIN 741507957.
Who sponsors the Marine Military Academy, Inc. Retirement Plan?
Marine Military Academy, Inc. Retirement Plan is sponsored by Marine Military Academy, Inc., located in Texas. The sponsor's EIN is 741507957 and the plan operates in the Educational Services industry.
How did Marine Military Academy, Inc. Retirement Plan perform in 2022?
Marine Military Academy, Inc. Retirement Plan declined by 15.7% during 2022, moving from $14M to $12M in total assets. Net income was $-2,245,752.
Where can I find official filings for Marine Military Academy, Inc. Retirement Plan?
Official Form 5500 filings for Marine Military Academy, Inc. Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 741507957 or plan name at efast.dol.gov.
How does Marine Military Academy, Inc. Retirement Plan compare to other plans?
You can compare Marine Military Academy, Inc. Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Texas 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 741507957.

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.