Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Mayne Pharma Commercial LLC 401(k) Plan

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

Sponsored by Mayne Pharma Commercial LLC ยท North Carolina ยท Manufacturing

What the 2023 filing shows

Mayne Pharma Commercial LLC 401(k) Plan holds $47M for 679 participants - about $68,947 per participant, down 34.9% over the 2022 plan year.

$47M
total plan assets (2022 EOY)
679
covered participants
$68,947
avg assets per participant
-34.9%
assets change YoY

The plan reported a net loss of $25M for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$47M
Participants
679
Industry
Manufacturing

What the Filing Says About Mayne Pharma Commercial LLC 401(k) Plan

Mayne Pharma Commercial LLC 401(k) Plan is a Profit Sharing retirement plan sponsored by Mayne Pharma Commercial LLC, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $47M in total end-of-year assets and covers 679 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 561870457, and the plan has been effective since 1997-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $72M at the beginning of 2022 to $47M at year-end โ€” a decline of 34.9%. Net assets (after liabilities) closed the year at $47M, with reported net income of $-25,070,997 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 โ€” 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)$47M
Net Assets (End of Year)$47M
Net Income$-25,070,997
Plan TypeProfit Sharing
Employer EIN561870457
Plan Effective Date1997-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mayne Pharma Commercial LLC)

Year Plans Participants Total Assets
2022 1 679 $47M
2023 1 231 $48M
2024 1 235 $50M

Nearby Profit Sharing Plans in North Carolina

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Frequently Asked Questions

How much money is in the Mayne Pharma Commercial LLC 401(k) Plan?
As of the 2022 Form 5500 filing, Mayne Pharma Commercial LLC 401(k) Plan holds $47M in total assets with 679 participants. It is sponsored by Mayne Pharma Commercial LLC.
What type of plan is Mayne Pharma Commercial LLC 401(k) Plan?
Mayne Pharma Commercial LLC 401(k) Plan is a Profit Sharing plan. It has been effective since 1997-10-01. The plan is filed with the U.S. Department of Labor under EIN 561870457.
Who sponsors the Mayne Pharma Commercial LLC 401(k) Plan?
Mayne Pharma Commercial LLC 401(k) Plan is sponsored by Mayne Pharma Commercial LLC, located in North Carolina. The sponsor's EIN is 561870457 and the plan operates in the Manufacturing industry.
How did Mayne Pharma Commercial LLC 401(k) Plan perform in 2022?
Mayne Pharma Commercial LLC 401(k) Plan declined by 34.9% during 2022, moving from $72M to $47M in total assets. Net income was $-25,070,997.
Where can I find official filings for Mayne Pharma Commercial LLC 401(k) Plan?
Official Form 5500 filings for Mayne Pharma Commercial LLC 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 561870457 or plan name at efast.dol.gov.
How does Mayne Pharma Commercial LLC 401(k) Plan compare to other plans?
You can compare Mayne Pharma Commercial LLC 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in North Carolina 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) โ€” original filing retrieval by EIN 561870457.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” 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.