Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Prince Specialty Products LLC Retirement Income Plan for Salaried Employees

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

Sponsored by Prince Specialty Products LLC · Maryland · Manufacturing

What the 2023 filing shows

Prince Specialty Products LLC Retirement Income Plan for Salaried Employees holds $29M for 15 participants — about $1.9M per participant, down 19.6% over the 2022 plan year.

$29M
total plan assets (2022 EOY)
15
covered participants
$1.9M
avg assets per participant
-19.6%
assets change YoY

The plan reported a net loss of $7M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$29M
Participants
15
State
Industry
Manufacturing

What the Filing Says About Prince Specialty Products LLC Retirement Income Plan for Salaried Employees

Prince Specialty Products LLC Retirement Income Plan for Salaried Employees is a Defined Benefit (Pension) retirement plan sponsored by Prince Specialty Products LLC, headquartered in Maryland. As of the 2022 Form 5500 filing, the plan reports $29M in total end-of-year assets and covers 15 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 521272156, and the plan has been effective since 1978-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $36M at the beginning of 2022 to $29M at year-end — a decline of 19.6%. Net assets (after liabilities) closed the year at $29M, with reported net income of $-7,096,294 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 1 prior plan-year filing 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)$36M
Total Assets (End of Year)$29M
Net Assets (End of Year)$29M
Net Income$-7,096,294
Plan TypeDefined Benefit (Pension)
Employer EIN521272156
Plan Effective Date1978-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Prince Specialty Products LLC)

Year Plans Participants Total Assets
2022 1 15 $29M
2023 1 11 $379K

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Prince Specialty Products LLC Retirement Income Plan for Salaried Employees?
As of the 2022 Form 5500 filing, Prince Specialty Products LLC Retirement Income Plan for Salaried Employees holds $29M in total assets with 15 participants. It is sponsored by Prince Specialty Products LLC.
What type of plan is Prince Specialty Products LLC Retirement Income Plan for Salaried Employees?
Prince Specialty Products LLC Retirement Income Plan for Salaried Employees is a Defined Benefit (Pension) plan. It has been effective since 1978-07-01. The plan is filed with the U.S. Department of Labor under EIN 521272156.
Who sponsors the Prince Specialty Products LLC Retirement Income Plan for Salaried Employees?
Prince Specialty Products LLC Retirement Income Plan for Salaried Employees is sponsored by Prince Specialty Products LLC, located in Maryland. The sponsor's EIN is 521272156 and the plan operates in the Manufacturing industry.
How did Prince Specialty Products LLC Retirement Income Plan for Salaried Employees perform in 2022?
Prince Specialty Products LLC Retirement Income Plan for Salaried Employees declined by 19.6% during 2022, moving from $36M to $29M in total assets. Net income was $-7,096,294.
Where can I find official filings for Prince Specialty Products LLC Retirement Income Plan for Salaried Employees?
Official Form 5500 filings for Prince Specialty Products LLC Retirement Income Plan for Salaried Employees are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 521272156 or plan name at efast.dol.gov.
How does Prince Specialty Products LLC Retirement Income Plan for Salaried Employees compare to other plans?
You can compare Prince Specialty Products LLC Retirement Income Plan for Salaried Employees against other Defined Benefit (Pension) plans on the plan type page, or view plans in Maryland 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 521272156.

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.