Profit Sharing Ā· DOL Form 5500 Ā· 2023

Macon Resources Inc Retirement Savings Plan

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

$4M
Total assets
169
Participants
12th
Percentile by assets

Sponsored by Macon Resources Inc Ā· Illinois Ā· Healthcare & Social Assistance

What the 2023 filing shows

Macon Resources Inc Retirement Savings Plan holds $4M for 169 participants - about $23,668 per participant, among the smaller plans by assets on file, down 7.2% over the 2023 plan year.

$4M
total plan assets (2023 EOY)
169
covered participants
12th
percentile by assets (of 72,800 plans)
$23,668
avg assets per participant

The plan reported a net loss of $312K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$4M
Participants
169
State
Industry
Healthcare & Social Assistance

What the Filing Says About Macon Resources Inc Retirement Savings Plan

Macon Resources Inc Retirement Savings Plan is a Profit Sharing retirement plan sponsored by Macon Resources Inc, headquartered in Illinois. As of the 2023 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 169 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 371224992, and the plan has been effective since 1988-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $4M at the beginning of 2023 to $4M at year-end - a decline of 7.2%. Net assets (after liabilities) closed the year at $4M, with reported net income of $-312,392 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 2 prior plan-year filings 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)$4M
Total Assets (End of Year)$4M
Net Assets (End of Year)$4M
Net Income$-312,392
Plan TypeProfit Sharing
Employer EIN371224992
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Macon Resources Inc)

Year Plans Participants Total Assets
2022 1 180 $4M
2023 1 169 $4M
2024 1 213 $5M

Nearby Profit Sharing Plans in Illinois

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

Frequently Asked Questions

How much money is in the Macon Resources Inc Retirement Savings Plan?
As of the 2023 Form 5500 filing, Macon Resources Inc Retirement Savings Plan holds $4M in total assets with 169 participants. It is sponsored by Macon Resources Inc.
What type of plan is Macon Resources Inc Retirement Savings Plan?
Macon Resources Inc Retirement Savings Plan is a Profit Sharing plan. It has been effective since 1988-01-01. The plan is filed with the U.S. Department of Labor under EIN 371224992.
Who sponsors the Macon Resources Inc Retirement Savings Plan?
Macon Resources Inc Retirement Savings Plan is sponsored by Macon Resources Inc, located in Illinois. The sponsor's EIN is 371224992 and the plan operates in the Healthcare & Social Assistance industry.
How did Macon Resources Inc Retirement Savings Plan perform in 2023?
Macon Resources Inc Retirement Savings Plan declined by 7.2% during 2023, moving from $4M to $4M in total assets. Net income was $-312,392.
Where can I find official filings for Macon Resources Inc Retirement Savings Plan?
Official Form 5500 filings for Macon Resources Inc Retirement Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 371224992 or plan name at efast.dol.gov.
How does Macon Resources Inc Retirement Savings Plan compare to other plans?
You can compare Macon Resources Inc Retirement Savings Plan against other Profit Sharing plans on the plan type page, or view plans in Illinois 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 371224992.

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.