Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

May Institute, Inc. Defined Contribution Retirement Plan

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

Sponsored by The May Institute, Inc. Β· Massachusetts Β· Healthcare & Social Assistance

What the 2023 filing shows

May Institute, Inc. Defined Contribution Retirement Plan holds $64M for 1,761 participants - about $36,292 per participant, down 11.7% over the 2022 plan year.

$64M
total plan assets (2022 EOY)
1,761
covered participants
$36,292
avg assets per participant
-11.7%
assets change YoY

The plan reported a net loss of $8M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$64M
Participants
1,761
Industry
Healthcare & Social Assistance

What the Filing Says About May Institute, Inc. Defined Contribution Retirement Plan

May Institute, Inc. Defined Contribution Retirement Plan is a Profit Sharing retirement plan sponsored by The May Institute, Inc., headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $64M in total end-of-year assets and covers 1,761 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 042197449, and the plan has been effective since 1981-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $72M at the beginning of 2022 to $64M at year-end β€” a decline of 11.7%. Net assets (after liabilities) closed the year at $64M, with reported net income of $-8,464,258 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)$72M
Total Assets (End of Year)$64M
Net Assets (End of Year)$64M
Net Income$-8,464,258
Plan TypeProfit Sharing
Employer EIN042197449
Plan Effective Date1981-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The May Institute, Inc.)

Year Plans Participants Total Assets
2022 1 1,761 $64M
2023 1 1,744 $75M
2024 1 1,763 $85M

Nearby Profit Sharing Plans in Massachusetts

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Frequently Asked Questions

How much money is in the May Institute, Inc. Defined Contribution Retirement Plan?
As of the 2022 Form 5500 filing, May Institute, Inc. Defined Contribution Retirement Plan holds $64M in total assets with 1,761 participants. It is sponsored by The May Institute, Inc..
What type of plan is May Institute, Inc. Defined Contribution Retirement Plan?
May Institute, Inc. Defined Contribution Retirement Plan is a Profit Sharing plan. It has been effective since 1981-01-01. The plan is filed with the U.S. Department of Labor under EIN 042197449.
Who sponsors the May Institute, Inc. Defined Contribution Retirement Plan?
May Institute, Inc. Defined Contribution Retirement Plan is sponsored by The May Institute, Inc., located in Massachusetts. The sponsor's EIN is 042197449 and the plan operates in the Healthcare & Social Assistance industry.
How did May Institute, Inc. Defined Contribution Retirement Plan perform in 2022?
May Institute, Inc. Defined Contribution Retirement Plan declined by 11.7% during 2022, moving from $72M to $64M in total assets. Net income was $-8,464,258.
Where can I find official filings for May Institute, Inc. Defined Contribution Retirement Plan?
Official Form 5500 filings for May Institute, Inc. Defined Contribution Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042197449 or plan name at efast.dol.gov.
How does May Institute, Inc. Defined Contribution Retirement Plan compare to other plans?
You can compare May Institute, Inc. Defined Contribution Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Massachusetts 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 042197449.

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.