Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team · June 15, 2026

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

Sponsored by Patricks Motor Mart, Inc. · Massachusetts · Retail Trade

What the 2023 filing shows

Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan holds $3M for 139 participants — about $22,046 per participant, down 20.8% over the 2022 plan year.

$3M
total plan assets (2022 EOY): 139
covered participants: $22,046
avg assets per participant: -20.8%
assets change YoY

The plan reported a net loss of $804K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$3M

Participants

139

State

Massachusetts

Industry

Retail Trade

What the Filing Says About Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan

Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan is a 401(k) retirement plan sponsored by Patricks Motor Mart, Inc., headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 139 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 041708850, and the plan has been effective since 1983-04-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $4M at the beginning of 2022 to $3M at year-end — a decline of 20.8%. Net assets (after liabilities) closed the year at $3M, with reported net income of $-803,580 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)	$4M
Total Assets (End of Year)	$3M
Net Assets (End of Year)	$3M
Net Income	$-803,580
Plan Type	401(k)
Employer EIN	041708850
Plan Effective Date	1983-04-01
Filing Status	FILING RECEIVED

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Related Data

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Frequently Asked Questions

How much money is in the Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan? ▼

As of the 2022 Form 5500 filing, Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan holds $3M in total assets with 139 participants. It is sponsored by Patricks Motor Mart, Inc..

What type of plan is Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan? ▼

Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan is a 401(k) plan. It has been effective since 1983-04-01. The plan is filed with the U.S. Department of Labor under EIN 041708850.

Who sponsors the Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan? ▼

Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan is sponsored by Patricks Motor Mart, Inc., located in Massachusetts. The sponsor's EIN is 041708850 and the plan operates in the Retail Trade industry.

How did Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan perform in 2022? ▼

Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan declined by 20.8% during 2022, moving from $4M to $3M in total assets. Net income was $-803,580.

Where can I find official filings for Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan? ▼

Official Form 5500 filings for Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 041708850 or plan name at efast.dol.gov.

How does Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan compare to other plans? ▼

You can compare Patricks Motor Mart, Inc. 401(k)/Profit Sharing Plan against other 401(k) plans on the plan type page, or view plans in Massachusetts on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.