Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Air Base Carpet Mart, Inc. 401(k) Plan

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

Sponsored by Air Base Carpet Mart, Inc. · Delaware · Retail Trade

What the 2023 filing shows

Air Base Carpet Mart, Inc. 401(k) Plan holds $5M for 205 participants — about $25,357 per participant, down 16.0% over the 2022 plan year.

$5M
total plan assets (2022 EOY)
205
covered participants
$25,357
avg assets per participant
-16.0%
assets change YoY

The plan reported a net loss of $990K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$5M
Participants
205
State
Industry
Retail Trade

What the Filing Says About Air Base Carpet Mart, Inc. 401(k) Plan

Air Base Carpet Mart, Inc. 401(k) Plan is a Profit Sharing retirement plan sponsored by Air Base Carpet Mart, Inc., headquartered in Delaware. As of the 2022 Form 5500 filing, the plan reports $5M in total end-of-year assets and covers 205 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 510106390, and the plan has been effective since 1993-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $6M at the beginning of 2022 to $5M at year-end — a decline of 16.0%. Net assets (after liabilities) closed the year at $5M, with reported net income of $-990,434 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)$6M
Total Assets (End of Year)$5M
Net Assets (End of Year)$5M
Net Income$-990,434
Plan TypeProfit Sharing
Employer EIN510106390
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Air Base Carpet Mart, Inc.)

Year Plans Participants Total Assets
2022 1 205 $5M
2023 1 207 N/A
2024 1 233 N/A

Nearby Profit Sharing Plans in Delaware

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Frequently Asked Questions

How much money is in the Air Base Carpet Mart, Inc. 401(k) Plan?
As of the 2022 Form 5500 filing, Air Base Carpet Mart, Inc. 401(k) Plan holds $5M in total assets with 205 participants. It is sponsored by Air Base Carpet Mart, Inc..
What type of plan is Air Base Carpet Mart, Inc. 401(k) Plan?
Air Base Carpet Mart, Inc. 401(k) Plan is a Profit Sharing plan. It has been effective since 1993-01-01. The plan is filed with the U.S. Department of Labor under EIN 510106390.
Who sponsors the Air Base Carpet Mart, Inc. 401(k) Plan?
Air Base Carpet Mart, Inc. 401(k) Plan is sponsored by Air Base Carpet Mart, Inc., located in Delaware. The sponsor's EIN is 510106390 and the plan operates in the Retail Trade industry.
How did Air Base Carpet Mart, Inc. 401(k) Plan perform in 2022?
Air Base Carpet Mart, Inc. 401(k) Plan declined by 16.0% during 2022, moving from $6M to $5M in total assets. Net income was $-990,434.
Where can I find official filings for Air Base Carpet Mart, Inc. 401(k) Plan?
Official Form 5500 filings for Air Base Carpet Mart, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 510106390 or plan name at efast.dol.gov.
How does Air Base Carpet Mart, Inc. 401(k) Plan compare to other plans?
You can compare Air Base Carpet Mart, Inc. 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Delaware 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) — original filing retrieval by EIN 510106390.

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.