Money Purchase · DOL Form 5500 · 2022

Joe I Askar Money Purchase Plan

Data updated 2026-08-11

$2M
Total assets
2
Participants
37th
Percentile by assets
$1.2M
Avg per participant
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Official DOL plan name: Joe I Askar Profit Sharing Plan · Sponsored by Joe I Askar · New York · Healthcare & Social Assistance

$2M in assets, 2 participants

Joe I Askar's Joe I Askar Profit Sharing Plan reported $2M in total assets and 2 participants in its 2022 DOL Form 5500 filing, ranking in the 37th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 37th percentile by assets (of 139,126 plans)
  • #7,910 in Healthcare & Social Assistance (20,060 peers)

Joe I Askar multi-year trail

Joe I Askar's plans moved +54.6% in assets from 2022 to 2024; this filing shows Joe I Askar Profit Sharing Plan at $2M / 2 participants.

$2M
total plan assets (2022 EOY)
2
covered participants
37th
percentile by assets (of 139,126 plans)
$1.2M
avg assets per participant

The plan reported a net loss of $463K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Joe I Askar across 3 plan years on file

Across the 3 plan years Joe I Askar has on file (2022-2024), sponsor-wide plan assets have moved from $2M to $4M, a gain of 54.6%, while reported participants moved from 2 to 3 (+50.0%). Peak year by sponsor assets: 2024 ($4M); trough: 2022 ($2M).

Joe I Askar multi-year asset trail

$2M$2.5M$3M$3.5M$4M 202220232024 $2.48M $3.83M ▲ +54.4%
Total plan assets by year, all Joe I Askar plans on file
Year Plans Participants Total Assets
2022 1 2 $2M
2023 1 3 $3M
2024 1 3 $4M

Joe I Askar filing trail (2022)

Total Assets (Beginning of Year)$3M
Net Assets (End of Year)$2M
Net Income-$463K
Employer EIN161537704
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Nearby Money Purchase Plans in New York

Peer Money Purchase plans, same state, same plan type, ranked by total assets.

Joe I Askar Profit Sharing Plan vs. nearby Money Purchase plans in New York, assets vs. participants

Joe I Askar Profit Sharing Plan vs. nearby Money Purchase plans in New York, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 -1012345 Total assets ($B) Participants Joe I Askar Profit S…Tiaa Retirement PlanYoung Men's Christia…McKinsey & Company, …Brookhaven Science A…Iron Workers Locals …
Joe I Askar Profit Sharing Plan vs. nearby Money Purchase plans in New York, assets vs. participants

Similar-Sized Money Purchase Plans Nationally

Money Purchase plans in other states closest to Joe I Askar Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Joe I Askar Profit Sharing Plan assets move in 2022?
Joe I Askar Profit Sharing Plan declined sharply - down 15.7% during 2022, from $3M to $2M. Reported net income was -$463K.
How have Joe I Askar plan assets changed over time?
Across 3 plan years on file (2022-2024), Joe I Askar's sponsor-wide assets grew 54.6%, from $2M to $4M.
Which Money Purchase plans are similar in size to Joe I Askar Profit Sharing Plan?
Among Money Purchase plans in other states, the closest by assets is Boys & Girls Club of Truckee Meadows Pension Plan in NV ($2M, 125 participants).

Multi-year trail

Ways to act on Joe I Askar Profit Sharing Plan's numbers.