Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Mccombs Automotive Group Employee Capital Accmulation Plan

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

Sponsored by Mccombs Hfc, Ltd. Dba Red Mccombs Ford Β· Texas Β· Retail Trade

What the 2023 filing shows

Mccombs Automotive Group Employee Capital Accmulation Plan holds $47M for 728 participants - about $64,426 per participant, down 11.4% over the 2022 plan year.

$47M
total plan assets (2022 EOY)
728
covered participants
$64,426
avg assets per participant
-11.4%
assets change YoY

The plan reported a net loss of $6M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$47M
Participants
728
State
Industry
Retail Trade

What the Filing Says About Mccombs Automotive Group Employee Capital Accmulation Plan

Mccombs Automotive Group Employee Capital Accmulation Plan is a Profit Sharing retirement plan sponsored by Mccombs Hfc, Ltd. Dba Red Mccombs Ford, headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $47M in total end-of-year assets and covers 728 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 742750577, and the plan has been effective since 1984-06-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $53M at the beginning of 2022 to $47M at year-end β€” a decline of 11.4%. Net assets (after liabilities) closed the year at $47M, with reported net income of $-6,010,435 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)$53M
Total Assets (End of Year)$47M
Net Assets (End of Year)$47M
Net Income$-6,010,435
Plan TypeProfit Sharing
Employer EIN742750577
Plan Effective Date1984-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mccombs Hfc, Ltd. Dba Red Mccombs Ford)

Year Plans Participants Total Assets
2022 1 728 $47M
2023 1 748 $56M
2024 1 723 $64M

Nearby Profit Sharing Plans in Texas

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

Frequently Asked Questions

How much money is in the Mccombs Automotive Group Employee Capital Accmulation Plan?
As of the 2022 Form 5500 filing, Mccombs Automotive Group Employee Capital Accmulation Plan holds $47M in total assets with 728 participants. It is sponsored by Mccombs Hfc, Ltd. Dba Red Mccombs Ford.
What type of plan is Mccombs Automotive Group Employee Capital Accmulation Plan?
Mccombs Automotive Group Employee Capital Accmulation Plan is a Profit Sharing plan. It has been effective since 1984-06-01. The plan is filed with the U.S. Department of Labor under EIN 742750577.
Who sponsors the Mccombs Automotive Group Employee Capital Accmulation Plan?
Mccombs Automotive Group Employee Capital Accmulation Plan is sponsored by Mccombs Hfc, Ltd. Dba Red Mccombs Ford, located in Texas. The sponsor's EIN is 742750577 and the plan operates in the Retail Trade industry.
How did Mccombs Automotive Group Employee Capital Accmulation Plan perform in 2022?
Mccombs Automotive Group Employee Capital Accmulation Plan declined by 11.4% during 2022, moving from $53M to $47M in total assets. Net income was $-6,010,435.
Where can I find official filings for Mccombs Automotive Group Employee Capital Accmulation Plan?
Official Form 5500 filings for Mccombs Automotive Group Employee Capital Accmulation Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 742750577 or plan name at efast.dol.gov.
How does Mccombs Automotive Group Employee Capital Accmulation Plan compare to other plans?
You can compare Mccombs Automotive Group Employee Capital Accmulation Plan against other Profit Sharing plans on the plan type page, or view plans in Texas 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 742750577.

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.