Defined Benefit (Pension) · DOL Form 5500 · 2022

Machine & Welding Supply Company Employees' Retirement Plan

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

$10M
Total assets
80
Participants
46th
Percentile by assets

Sponsored by Machine & Welding Supply Company · Virginia · Wholesale Trade

What the 2022 filing shows

Machine & Welding Supply Company Employees' Retirement Plan holds $10M for 80 participants - about $126,433 per participant, in the lower half of filed plans by assets, down 59.6% over the 2022 plan year.

$10M
total plan assets (2022 EOY)
80
covered participants
46th
percentile by assets (of 84,055 plans)
$126,433
avg assets per participant

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

Total Assets (2023)
$10M
Participants
80
State
Industry
Wholesale Trade

What the Filing Says About Machine & Welding Supply Company Employees' Retirement Plan

Machine & Welding Supply Company Employees' Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Machine & Welding Supply Company, headquartered in Virginia. As of the 2022 Form 5500 filing, the plan reports $10M in total end-of-year assets and covers 80 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 560728449, and the plan has been effective since 1972-03-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $25M at the beginning of 2022 to $10M at year-end - a decline of 59.6%. Net assets (after liabilities) closed the year at $10M, with reported net income of $-14,918,437 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)$25M
Total Assets (End of Year)$10M
Net Assets (End of Year)$10M
Net Income$-14,918,437
Plan TypeDefined Benefit (Pension)
Employer EIN560728449
Plan Effective Date1972-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Machine & Welding Supply Company)

Year Plans Participants Total Assets
2022 1 80 $10M
2023 1 80 N/A

Nearby Defined Benefit (Pension) Plans in Virginia

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

Frequently Asked Questions

How much money is in the Machine & Welding Supply Company Employees' Retirement Plan?
As of the 2022 Form 5500 filing, Machine & Welding Supply Company Employees' Retirement Plan holds $10M in total assets with 80 participants. It is sponsored by Machine & Welding Supply Company.
What type of plan is Machine & Welding Supply Company Employees' Retirement Plan?
Machine & Welding Supply Company Employees' Retirement Plan is a Defined Benefit (Pension) plan. It has been effective since 1972-03-01. The plan is filed with the U.S. Department of Labor under EIN 560728449.
Who sponsors the Machine & Welding Supply Company Employees' Retirement Plan?
Machine & Welding Supply Company Employees' Retirement Plan is sponsored by Machine & Welding Supply Company, located in Virginia. The sponsor's EIN is 560728449 and the plan operates in the Wholesale Trade industry.
How did Machine & Welding Supply Company Employees' Retirement Plan perform in 2022?
Machine & Welding Supply Company Employees' Retirement Plan declined by 59.6% during 2022, moving from $25M to $10M in total assets. Net income was $-14,918,437.
Where can I find official filings for Machine & Welding Supply Company Employees' Retirement Plan?
Official Form 5500 filings for Machine & Welding Supply Company Employees' Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560728449 or plan name at efast.dol.gov.
How does Machine & Welding Supply Company Employees' Retirement Plan compare to other plans?
You can compare Machine & Welding Supply Company Employees' Retirement Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Virginia on the state page. PlainRetire tracks all 133,317 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 560728449.

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.