Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

Mckinney Communications Corporation 401(k) Plan

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

Sponsored by Mckinney Communications Corporation ยท Alabama ยท Information & Media

What the 2023 filing shows

Mckinney Communications Corporation 401(k) Plan holds $5M for 356 participants - about $13,593 per participant, up 8.9% over the 2023 plan year.

$5M
total plan assets (2023 EOY)
356
covered participants
$13,593
avg assets per participant
+8.9%
assets growth YoY
Total Assets (2023)
$5M
Participants
356
State
Industry
Information & Media

What the Filing Says About Mckinney Communications Corporation 401(k) Plan

Mckinney Communications Corporation 401(k) Plan is a Profit Sharing retirement plan sponsored by Mckinney Communications Corporation, headquartered in Alabama. As of the 2023 Form 5500 filing, the plan reports $5M in total end-of-year assets and covers 356 participants across the Information & Media industry. The sponsor's EIN on file with the U.S. Department of Labor is 813797664, and the plan has been effective since 2005-03-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $4M at the beginning of 2023 to $5M at year-end โ€” a gain of 8.9%. Net assets (after liabilities) closed the year at $5M, with reported net income of $397K 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 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)$4M
Total Assets (End of Year)$5M
Net Assets (End of Year)$5M
Net Income$397K
Plan TypeProfit Sharing
Employer EIN813797664
Plan Effective Date2005-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mckinney Communications Corporation)

Year Plans Participants Total Assets
2022 2 818 $19M
2023 2 786 $21M
2024 2 564 $16M

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Frequently Asked Questions

How much money is in the Mckinney Communications Corporation 401(k) Plan?
As of the 2023 Form 5500 filing, Mckinney Communications Corporation 401(k) Plan holds $5M in total assets with 356 participants. It is sponsored by Mckinney Communications Corporation.
What type of plan is Mckinney Communications Corporation 401(k) Plan?
Mckinney Communications Corporation 401(k) Plan is a Profit Sharing plan. It has been effective since 2005-03-01. The plan is filed with the U.S. Department of Labor under EIN 813797664.
Who sponsors the Mckinney Communications Corporation 401(k) Plan?
Mckinney Communications Corporation 401(k) Plan is sponsored by Mckinney Communications Corporation, located in Alabama. The sponsor's EIN is 813797664 and the plan operates in the Information & Media industry.
How did Mckinney Communications Corporation 401(k) Plan perform in 2023?
Mckinney Communications Corporation 401(k) Plan grew by 8.9% during 2023, moving from $4M to $5M in total assets. Net income was $397K.
Where can I find official filings for Mckinney Communications Corporation 401(k) Plan?
Official Form 5500 filings for Mckinney Communications Corporation 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 813797664 or plan name at efast.dol.gov.
How does Mckinney Communications Corporation 401(k) Plan compare to other plans?
You can compare Mckinney Communications Corporation 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Alabama 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) โ€” original filing retrieval by EIN 813797664.

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.