Profit Sharing · DOL Form 5500 · 2022
The Marken 401(k) Plan
ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.
- $14M
- Total assets
- 557
- Participants
- 55th
- Percentile by assets
Sponsored by Marken LLP · North Carolina · Transportation & Warehousing
What the 2022 filing shows
The Marken 401(k) Plan holds $14M for 557 participants - about $25,139 per participant, above the median plan by assets, down 10.6% over the 2022 plan year.
- $14M
- total plan assets (2022 EOY)
- 557
- covered participants
- 55th
- percentile by assets (of 84,055 plans)
- $25,139
- avg assets per participant
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About The Marken 401(k) Plan
The Marken 401(k) Plan is a Profit Sharing retirement plan sponsored by Marken LLP, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $14M in total end-of-year assets and covers 557 participants across the Transportation & Warehousing industry. The sponsor's EIN on file with the U.S. Department of Labor is 383855670, and the plan has been effective since 2002-05-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $16M at the beginning of 2022 to $14M at year-end - a decline of 10.6%. Net assets (after liabilities) closed the year at $14M, with reported net income of $-1,651,877 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) | $16M |
| Total Assets (End of Year) | $14M |
| Net Assets (End of Year) | $14M |
| Net Income | $-1,651,877 |
| Plan Type | Profit Sharing |
| Employer EIN | 383855670 |
| Plan Effective Date | 2002-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Marken LLP)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 557 | $14M |
| 2023 | 1 | 698 | $19M |
| 2024 | 1 | 771 | $23M |
Nearby Profit Sharing Plans in North Carolina
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- The Duke University Faculty and Staff Retirement Plan $9.0B · 44,809
- Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan $3.2B · 18,961
- Lenovo Savings Plan $2.3B · 4,748
- The Moses H. Cone Memorial Hospital Voluntary Savings Plan $1.5B · 13,606
- Wake Forest University Retirement Plan $798M · 3,092
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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 383855670.
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.
Read our methodology - how this data is sourced, computed, and verified.