Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Mercy College Defined Contribution Retirement Plan

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

Sponsored by Mercy College Β· New York Β· Educational Services

What the 2023 filing shows

Mercy College Defined Contribution Retirement Plan holds $100M for 605 participants - about $165,396 per participant, down 12.9% over the 2022 plan year.

$100M
total plan assets (2022 EOY)
605
covered participants
$165,396
avg assets per participant
-12.9%
assets change YoY

The plan reported a net loss of $15M for the year β€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$100M
Participants
605
State
Industry
Educational Services

What the Filing Says About Mercy College Defined Contribution Retirement Plan

Mercy College Defined Contribution Retirement Plan is a Profit Sharing retirement plan sponsored by Mercy College, headquartered in New York. As of the 2022 Form 5500 filing, the plan reports $100M in total end-of-year assets and covers 605 participants across the Educational Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 131967321, and the plan has been effective since 1965-09-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $115M at the beginning of 2022 to $100M at year-end β€” a decline of 12.9%. Net assets (after liabilities) closed the year at $100M, with reported net income of $-14,831,317 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)$115M
Total Assets (End of Year)$100M
Net Assets (End of Year)$100M
Net Income$-14,831,317
Plan TypeProfit Sharing
Employer EIN131967321
Plan Effective Date1965-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mercy College)

Year Plans Participants Total Assets
2022 2 1,136 $185M
2023 2 2,812 $202M
2024 2 2,765 $222M

Nearby Profit Sharing Plans in New York

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

Frequently Asked Questions

How much money is in the Mercy College Defined Contribution Retirement Plan?
As of the 2022 Form 5500 filing, Mercy College Defined Contribution Retirement Plan holds $100M in total assets with 605 participants. It is sponsored by Mercy College.
What type of plan is Mercy College Defined Contribution Retirement Plan?
Mercy College Defined Contribution Retirement Plan is a Profit Sharing plan. It has been effective since 1965-09-01. The plan is filed with the U.S. Department of Labor under EIN 131967321.
Who sponsors the Mercy College Defined Contribution Retirement Plan?
Mercy College Defined Contribution Retirement Plan is sponsored by Mercy College, located in New York. The sponsor's EIN is 131967321 and the plan operates in the Educational Services industry.
How did Mercy College Defined Contribution Retirement Plan perform in 2022?
Mercy College Defined Contribution Retirement Plan declined by 12.9% during 2022, moving from $115M to $100M in total assets. Net income was $-14,831,317.
Where can I find official filings for Mercy College Defined Contribution Retirement Plan?
Official Form 5500 filings for Mercy College Defined Contribution Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 131967321 or plan name at efast.dol.gov.
How does Mercy College Defined Contribution Retirement Plan compare to other plans?
You can compare Mercy College Defined Contribution Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in New York 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 131967321.

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.