Money Purchase
2022 plan-year Money Purchase DOL Form 5500

Money Purchase Plan for the Employees of American Gfm Corporation

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

Sponsored by American Gfm Corporation ยท Virginia ยท Manufacturing

What the 2023 filing shows

Money Purchase Plan for the Employees of American Gfm Corporation holds $23M for 106 participants - about $216,891 per participant, down 0.4% over the 2022 plan year.

$23M
total plan assets (2022 EOY)
106
covered participants
$216,891
avg assets per participant
-0.4%
assets change YoY

The plan reported a net loss of $93K for the year โ€” a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$23M
Participants
106
State
Industry
Manufacturing

What the Filing Says About Money Purchase Plan for the Employees of American Gfm Corporation

Money Purchase Plan for the Employees of American Gfm Corporation is a Money Purchase retirement plan sponsored by American Gfm Corporation, headquartered in Virginia. As of the 2022 Form 5500 filing, the plan reports $23M in total end-of-year assets and covers 106 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 541059861, and the plan has been effective since 1981-04-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $23M at the beginning of 2022 to $23M at year-end โ€” a decline of 0.4%. Net assets (after liabilities) closed the year at $23M, with reported net income of $-92,985 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 โ€” 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)$23M
Total Assets (End of Year)$23M
Net Assets (End of Year)$23M
Net Income$-92,985
Plan TypeMoney Purchase
Employer EIN541059861
Plan Effective Date1981-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (American Gfm Corporation)

Year Plans Participants Total Assets
2022 1 106 $23M
2023 1 131 $21M

Nearby Money Purchase Plans in Virginia

Peer Money Purchase plans โ€” same state, same plan type โ€” ranked by total assets.

Frequently Asked Questions

How much money is in the Money Purchase Plan for the Employees of American Gfm Corporation?
As of the 2022 Form 5500 filing, Money Purchase Plan for the Employees of American Gfm Corporation holds $23M in total assets with 106 participants. It is sponsored by American Gfm Corporation.
What type of plan is Money Purchase Plan for the Employees of American Gfm Corporation?
Money Purchase Plan for the Employees of American Gfm Corporation is a Money Purchase plan. It has been effective since 1981-04-01. The plan is filed with the U.S. Department of Labor under EIN 541059861.
Who sponsors the Money Purchase Plan for the Employees of American Gfm Corporation?
Money Purchase Plan for the Employees of American Gfm Corporation is sponsored by American Gfm Corporation, located in Virginia. The sponsor's EIN is 541059861 and the plan operates in the Manufacturing industry.
How did Money Purchase Plan for the Employees of American Gfm Corporation perform in 2022?
Money Purchase Plan for the Employees of American Gfm Corporation declined by 0.4% during 2022, moving from $23M to $23M in total assets. Net income was $-92,985.
Where can I find official filings for Money Purchase Plan for the Employees of American Gfm Corporation?
Official Form 5500 filings for Money Purchase Plan for the Employees of American Gfm Corporation are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 541059861 or plan name at efast.dol.gov.
How does Money Purchase Plan for the Employees of American Gfm Corporation compare to other plans?
You can compare Money Purchase Plan for the Employees of American Gfm Corporation against other Money Purchase plans on the plan type page, or view plans in Virginia 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) โ€” original filing retrieval by EIN 541059861.

Reference: IRS Publication 560 โ€” Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B โ€” 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.