401(k) ยท DOL Form 5500 ยท 2022

Martex Fiber Southern Corp. 401(k) Plan

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

$3M
Total assets
137
Participants
14th
Percentile by assets

Sponsored by Martex Fiber Southern Corp. ยท South Carolina ยท Manufacturing

What the 2022 filing shows

Martex Fiber Southern Corp. 401(k) Plan holds $3M for 137 participants - about $18,256 per participant, among the smaller plans by assets on file, down 19.2% over the 2022 plan year.

$3M
total plan assets (2022 EOY)
137
covered participants
14th
percentile by assets (of 84,055 plans)
$18,256
avg assets per participant

The plan reported a net loss of $591K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$3M
Participants
137
Industry
Manufacturing

What the Filing Says About Martex Fiber Southern Corp. 401(k) Plan

Martex Fiber Southern Corp. 401(k) Plan is a 401(k) retirement plan sponsored by Martex Fiber Southern Corp., headquartered in South Carolina. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 137 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 231980149, and the plan has been effective since 1990-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2022 to $3M at year-end - a decline of 19.2%. Net assets (after liabilities) closed the year at $2M, with reported net income of $-591,448 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, 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)$3M
Total Assets (End of Year)$3M
Net Assets (End of Year)$2M
Net Income$-591,448
Plan Type401(k)
Employer EIN231980149
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the Martex Fiber Southern Corp. 401(k) Plan?
As of the 2022 Form 5500 filing, Martex Fiber Southern Corp. 401(k) Plan holds $3M in total assets with 137 participants. It is sponsored by Martex Fiber Southern Corp..
What type of plan is Martex Fiber Southern Corp. 401(k) Plan?
Martex Fiber Southern Corp. 401(k) Plan is a 401(k) plan. It has been effective since 1990-01-01. The plan is filed with the U.S. Department of Labor under EIN 231980149.
Who sponsors the Martex Fiber Southern Corp. 401(k) Plan?
Martex Fiber Southern Corp. 401(k) Plan is sponsored by Martex Fiber Southern Corp., located in South Carolina. The sponsor's EIN is 231980149 and the plan operates in the Manufacturing industry.
How did Martex Fiber Southern Corp. 401(k) Plan perform in 2022?
Martex Fiber Southern Corp. 401(k) Plan declined by 19.2% during 2022, moving from $3M to $3M in total assets. Net income was $-591,448.
Where can I find official filings for Martex Fiber Southern Corp. 401(k) Plan?
Official Form 5500 filings for Martex Fiber Southern Corp. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 231980149 or plan name at efast.dol.gov.
How does Martex Fiber Southern Corp. 401(k) Plan compare to other plans?
You can compare Martex Fiber Southern Corp. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in South Carolina 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 231980149.

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.