Profit Sharing Ā· DOL Form 5500 Ā· 2022

Manet Community Health Center, Inc Tax Sheltered

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

$7M
Total assets
157
Participants
37th
Percentile by assets

Sponsored by Manet Community Health Center Inc Ā· Massachusetts Ā· Healthcare & Social Assistance

What the 2022 filing shows

Manet Community Health Center, Inc Tax Sheltered holds $7M for 157 participants - about $47,328 per participant, in the lower half of filed plans by assets, down 10.3% over the 2022 plan year.

$7M
total plan assets (2022 EOY)
157
covered participants
37th
percentile by assets (of 84,055 plans)
$47,328
avg assets per participant

The plan reported a net loss of $849K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$7M
Participants
157
Industry
Healthcare & Social Assistance

What the Filing Says About Manet Community Health Center, Inc Tax Sheltered

Manet Community Health Center, Inc Tax Sheltered is a Profit Sharing retirement plan sponsored by Manet Community Health Center Inc, headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 157 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 042646695, and the plan has been effective since 1998-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2022 to $7M at year-end - a decline of 10.3%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-849,184 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)$8M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$-849,184
Plan TypeProfit Sharing
Employer EIN042646695
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Manet Community Health Center Inc)

Year Plans Participants Total Assets
2022 1 157 $7M
2023 1 148 $9M
2024 1 166 $11M

Nearby Profit Sharing Plans in Massachusetts

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

Frequently Asked Questions

How much money is in the Manet Community Health Center, Inc Tax Sheltered?
As of the 2022 Form 5500 filing, Manet Community Health Center, Inc Tax Sheltered holds $7M in total assets with 157 participants. It is sponsored by Manet Community Health Center Inc.
What type of plan is Manet Community Health Center, Inc Tax Sheltered?
Manet Community Health Center, Inc Tax Sheltered is a Profit Sharing plan. It has been effective since 1998-01-01. The plan is filed with the U.S. Department of Labor under EIN 042646695.
Who sponsors the Manet Community Health Center, Inc Tax Sheltered?
Manet Community Health Center, Inc Tax Sheltered is sponsored by Manet Community Health Center Inc, located in Massachusetts. The sponsor's EIN is 042646695 and the plan operates in the Healthcare & Social Assistance industry.
How did Manet Community Health Center, Inc Tax Sheltered perform in 2022?
Manet Community Health Center, Inc Tax Sheltered declined by 10.3% during 2022, moving from $8M to $7M in total assets. Net income was $-849,184.
Where can I find official filings for Manet Community Health Center, Inc Tax Sheltered?
Official Form 5500 filings for Manet Community Health Center, Inc Tax Sheltered are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042646695 or plan name at efast.dol.gov.
How does Manet Community Health Center, Inc Tax Sheltered compare to other plans?
You can compare Manet Community Health Center, Inc Tax Sheltered against other Profit Sharing plans on the plan type page, or view plans in Massachusetts 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 042646695.

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.