Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

The Magellan International School Retirement Plan

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

Sponsored by The Magellan International School of Austin Β· Texas Β· Educational Services

What the 2023 filing shows

The Magellan International School Retirement Plan holds $1M for 129 participants - about $10,054 per participant, up 9.4% over the 2022 plan year.

$1M
total plan assets (2022 EOY)
129
covered participants
$10,054
avg assets per participant
+9.4%
assets growth YoY
Total Assets (2023)
$1M
Participants
129
State
Industry
Educational Services

What the Filing Says About The Magellan International School Retirement Plan

The Magellan International School Retirement Plan is a Profit Sharing retirement plan sponsored by The Magellan International School of Austin, headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $1M in total end-of-year assets and covers 129 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 263167197, and the plan has been effective since 2017-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1M at the beginning of 2022 to $1M at year-end β€” a gain of 9.4%. Net assets (after liabilities) closed the year at $1M, with reported net income of $111K 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 β€” 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)$1M
Total Assets (End of Year)$1M
Net Assets (End of Year)$1M
Net Income$111K
Plan TypeProfit Sharing
Employer EIN263167197
Plan Effective Date2017-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Magellan International School of Austin)

Year Plans Participants Total Assets
2022 1 129 $1M
2023 1 111 $2M
2024 1 124 $2M

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans β€” same state, same plan type β€” ranked by total assets.

Frequently Asked Questions

How much money is in the The Magellan International School Retirement Plan?
As of the 2022 Form 5500 filing, The Magellan International School Retirement Plan holds $1M in total assets with 129 participants. It is sponsored by The Magellan International School of Austin.
What type of plan is The Magellan International School Retirement Plan?
The Magellan International School Retirement Plan is a Profit Sharing plan. It has been effective since 2017-09-01. The plan is filed with the U.S. Department of Labor under EIN 263167197.
Who sponsors the The Magellan International School Retirement Plan?
The Magellan International School Retirement Plan is sponsored by The Magellan International School of Austin, located in Texas. The sponsor's EIN is 263167197 and the plan operates in the Educational Services industry.
How did The Magellan International School Retirement Plan perform in 2022?
The Magellan International School Retirement Plan grew by 9.4% during 2022, moving from $1M to $1M in total assets. Net income was $111K.
Where can I find official filings for The Magellan International School Retirement Plan?
Official Form 5500 filings for The Magellan International School Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 263167197 or plan name at efast.dol.gov.
How does The Magellan International School Retirement Plan compare to other plans?
You can compare The Magellan International School Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in Texas 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) β€” original filing retrieval by EIN 263167197.

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

Reference: IRS Publication 590-B β€” 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.