Pen Gulf, Inc. Employees' Profit Sharing Plan

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team · June 17, 2026

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

Sponsored by Pen Gulf, Inc. · Florida · Construction

What the 2023 filing shows

Pen Gulf, Inc. Employees' Profit Sharing Plan holds $221K for 86 participants — about $2,571 per participant, down 20.1% over the 2022 plan year.

$221K
total plan assets (2022 EOY): 86
covered participants: $2,571
avg assets per participant: -20.1%
assets change YoY

The plan reported a net loss of $56K for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$221K

Participants

State

Florida

Industry

Construction

What the Filing Says About Pen Gulf, Inc. Employees' Profit Sharing Plan

Pen Gulf, Inc. Employees' Profit Sharing Plan is a 401(k) retirement plan sponsored by Pen Gulf, Inc., headquartered in Florida. As of the 2022 Form 5500 filing, the plan reports $221K in total end-of-year assets and covers 86 participants across the Construction industry. The sponsor's EIN on file with the U.S. Department of Labor is 591953552, and the plan has been effective since 1981-09-30. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $277K at the beginning of 2022 to $221K at year-end — a decline of 20.1%. Net assets (after liabilities) closed the year at $221K, with reported net income of $-55,705 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)	$277K
Total Assets (End of Year)	$221K
Net Assets (End of Year)	$221K
Net Income	$-55,705
Plan Type	401(k)
Employer EIN	591953552
Plan Effective Date	1981-09-30
Filing Status	FILING RECEIVED

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Related Data

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Frequently Asked Questions

How much money is in the Pen Gulf, Inc. Employees' Profit Sharing Plan? ▼

As of the 2022 Form 5500 filing, Pen Gulf, Inc. Employees' Profit Sharing Plan holds $221K in total assets with 86 participants. It is sponsored by Pen Gulf, Inc..

What type of plan is Pen Gulf, Inc. Employees' Profit Sharing Plan? ▼

Pen Gulf, Inc. Employees' Profit Sharing Plan is a 401(k) plan. It has been effective since 1981-09-30. The plan is filed with the U.S. Department of Labor under EIN 591953552.

Who sponsors the Pen Gulf, Inc. Employees' Profit Sharing Plan? ▼

Pen Gulf, Inc. Employees' Profit Sharing Plan is sponsored by Pen Gulf, Inc., located in Florida. The sponsor's EIN is 591953552 and the plan operates in the Construction industry.

How did Pen Gulf, Inc. Employees' Profit Sharing Plan perform in 2022? ▼

Pen Gulf, Inc. Employees' Profit Sharing Plan declined by 20.1% during 2022, moving from $277K to $221K in total assets. Net income was $-55,705.

Where can I find official filings for Pen Gulf, Inc. Employees' Profit Sharing Plan? ▼

Official Form 5500 filings for Pen Gulf, Inc. Employees' Profit Sharing Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 591953552 or plan name at efast.dol.gov.

How does Pen Gulf, Inc. Employees' Profit Sharing Plan compare to other plans? ▼

You can compare Pen Gulf, Inc. Employees' Profit Sharing Plan against other 401(k) plans on the plan type page, or view plans in Florida on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.