Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Penny Newman Grain Company, Inc. Retirement Plan

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

Sponsored by Penny Newman Grain Company, Inc. · California · Manufacturing

What the 2023 filing shows

Penny Newman Grain Company, Inc. Retirement Plan holds $17M for 169 participants — about $103,297 per participant, up 7.8% over the 2022 plan year.

$17M
total plan assets (2022 EOY)
169
covered participants
$103,297
avg assets per participant
+7.8%
assets growth YoY
Total Assets (2023)
$17M
Participants
169
State
Industry
Manufacturing

What the Filing Says About Penny Newman Grain Company, Inc. Retirement Plan

Penny Newman Grain Company, Inc. Retirement Plan is a Profit Sharing retirement plan sponsored by Penny Newman Grain Company, Inc., headquartered in California. As of the 2022 Form 5500 filing, the plan reports $17M in total end-of-year assets and covers 169 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 941224870, and the plan has been effective since 1961-08-08. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $16M at the beginning of 2022 to $17M at year-end — a gain of 7.8%. Net assets (after liabilities) closed the year at $17M, with reported net income of $1M 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)$16M
Total Assets (End of Year)$17M
Net Assets (End of Year)$17M
Net Income$1M
Plan TypeProfit Sharing
Employer EIN941224870
Plan Effective Date1961-08-08
Filing StatusFILING RECEIVED

Sponsor Plan History (Penny Newman Grain Company, Inc.)

Year Plans Participants Total Assets
2022 1 169 $17M
2023 1 193 $22M

Nearby Profit Sharing Plans in California

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Penny Newman Grain Company, Inc. Retirement Plan?
As of the 2022 Form 5500 filing, Penny Newman Grain Company, Inc. Retirement Plan holds $17M in total assets with 169 participants. It is sponsored by Penny Newman Grain Company, Inc..
What type of plan is Penny Newman Grain Company, Inc. Retirement Plan?
Penny Newman Grain Company, Inc. Retirement Plan is a Profit Sharing plan. It has been effective since 1961-08-08. The plan is filed with the U.S. Department of Labor under EIN 941224870.
Who sponsors the Penny Newman Grain Company, Inc. Retirement Plan?
Penny Newman Grain Company, Inc. Retirement Plan is sponsored by Penny Newman Grain Company, Inc., located in California. The sponsor's EIN is 941224870 and the plan operates in the Manufacturing industry.
How did Penny Newman Grain Company, Inc. Retirement Plan perform in 2022?
Penny Newman Grain Company, Inc. Retirement Plan grew by 7.8% during 2022, moving from $16M to $17M in total assets. Net income was $1M.
Where can I find official filings for Penny Newman Grain Company, Inc. Retirement Plan?
Official Form 5500 filings for Penny Newman Grain Company, Inc. Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 941224870 or plan name at efast.dol.gov.
How does Penny Newman Grain Company, Inc. Retirement Plan compare to other plans?
You can compare Penny Newman Grain Company, Inc. Retirement Plan against other Profit Sharing plans on the plan type page, or view plans in California 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) — original filing retrieval by EIN 941224870.

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.