401(k) ยท DOL Form 5500 ยท 2022

Martin Specialty Coatings, Inc.

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

$2M
Total assets
122
Participants
13th
Percentile by assets

Sponsored by Martin Specialty Coatings, Inc. ยท Louisiana ยท Agriculture, Forestry & Fishing

What the 2022 filing shows

Martin Specialty Coatings, Inc. holds $2M for 122 participants - about $18,539 per participant, among the smaller plans by assets on file, down 9.4% over the 2022 plan year.

$2M
total plan assets (2022 EOY)
122
covered participants
13th
percentile by assets (of 84,055 plans)
$18,539
avg assets per participant

The plan reported a net loss of $234K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$2M
Participants
122
State
Industry
Agriculture, Forestry & Fishing

What the Filing Says About Martin Specialty Coatings, Inc.

Martin Specialty Coatings, Inc. is a 401(k) retirement plan sponsored by Martin Specialty Coatings, Inc., headquartered in Louisiana. As of the 2022 Form 5500 filing, the plan reports $2M in total end-of-year assets and covers 122 participants across the Agriculture, Forestry & Fishing industry. The sponsor's EIN on file with the U.S. Department of Labor is 720825678, and the plan has been effective since 1996-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $2M at the beginning of 2022 to $2M at year-end - a decline of 9.4%. Net assets (after liabilities) closed the year at $2M, with reported net income of $-233,906 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)$2M
Total Assets (End of Year)$2M
Net Assets (End of Year)$2M
Net Income$-233,906
Plan Type401(k)
Employer EIN720825678
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Martin Specialty Coatings, Inc.)

Year Plans Participants Total Assets
2022 1 122 $2M
2023 1 115 $3M
2024 1 95 $2M

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Frequently Asked Questions

How much money is in the Martin Specialty Coatings, Inc.?
As of the 2022 Form 5500 filing, Martin Specialty Coatings, Inc. holds $2M in total assets with 122 participants. It is sponsored by Martin Specialty Coatings, Inc..
What type of plan is Martin Specialty Coatings, Inc.?
Martin Specialty Coatings, Inc. is a 401(k) plan. It has been effective since 1996-01-01. The plan is filed with the U.S. Department of Labor under EIN 720825678.
Who sponsors the Martin Specialty Coatings, Inc.?
Martin Specialty Coatings, Inc. is sponsored by Martin Specialty Coatings, Inc., located in Louisiana. The sponsor's EIN is 720825678 and the plan operates in the Agriculture, Forestry & Fishing industry.
How did Martin Specialty Coatings, Inc. perform in 2022?
Martin Specialty Coatings, Inc. declined by 9.4% during 2022, moving from $2M to $2M in total assets. Net income was $-233,906.
Where can I find official filings for Martin Specialty Coatings, Inc.?
Official Form 5500 filings for Martin Specialty Coatings, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 720825678 or plan name at efast.dol.gov.
How does Martin Specialty Coatings, Inc. compare to other plans?
You can compare Martin Specialty Coatings, Inc. against other 401(k) plans on the plan type page, or view plans in Louisiana on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

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 720825678.

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.