401(k)
2022 plan-year 401(k) DOL Form 5500

MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN

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

FAIRLAND MARKET , INC.

This 401(k) plan holds $3M in total assets and serves 111 participants as of 2022. It is sponsored by FAIRLAND MARKET , INC. in Maryland. The plan reported a net loss of $540K for the year.

Total Assets (2023)
$3M
Participants
111
State
Industry
Retail Trade

What the Filing Says About MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN

MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN is a 401(k) retirement plan sponsored by FAIRLAND MARKET , INC., headquartered in Maryland. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 111 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 520888415, and the plan has been effective since 1986-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2022 to $3M at year-end — a decline of 17.7%. Net assets (after liabilities) closed the year at $3M, with reported net income of $-539,922 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.

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)$3M
Total Assets (End of Year)$3M
Net Assets (End of Year)$3M
Net Income$-539,922
Plan Type401(k)
Employer EIN520888415
Plan Effective Date1986-01-01
Filing StatusFILING RECEIVED

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Frequently Asked Questions

How much money is in the MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN?
As of the 2022 Form 5500 filing, MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN holds $3M in total assets with 111 participants. It is sponsored by FAIRLAND MARKET , INC..
What type of plan is MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN?
MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN is a 401(k) plan. It has been effective since 1986-01-01. The plan is filed with the U.S. Department of Labor under EIN 520888415.
Who sponsors the MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN?
MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN is sponsored by FAIRLAND MARKET , INC., located in Maryland. The sponsor's EIN is 520888415 and the plan operates in the Retail Trade industry.
How did MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN perform in 2022?
MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN declined by 17.7% during 2022, moving from $3M to $3M in total assets. Net income was $-539,922.
Where can I find official filings for MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN?
Official Form 5500 filings for MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 520888415 or plan name at efast.dol.gov.
How does MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN compare to other plans?
You can compare MCKAY'S EMPLOYEES PROFIT SHARING 401K SAVINGS PLAN against other 401(k) 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 520888415.

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 official public datasets. See our methodology for details.