Other · DOL Form 5500 · 2023

Majors Plastics, Inc. Employee Stock Ownership Plan

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

$95M
Total assets
386
Participants
84th
Percentile by assets

Sponsored by Majors Plastics, Inc. · Nebraska · Manufacturing

What the 2023 filing shows

Majors Plastics, Inc. Employee Stock Ownership Plan holds $95M for 386 participants - about $246,951 per participant, in the top quartile of all filed plans by assets, down 0.6% over the 2023 plan year.

$95M
total plan assets (2023 EOY)
386
covered participants
84th
percentile by assets (of 72,800 plans)
$246,951
avg assets per participant
Total Assets (2023)
$95M
Participants
386
State
Industry
Manufacturing

What the Filing Says About Majors Plastics, Inc. Employee Stock Ownership Plan

Majors Plastics, Inc. Employee Stock Ownership Plan is a Other retirement plan sponsored by Majors Plastics, Inc., headquartered in Nebraska. As of the 2023 Form 5500 filing, the plan reports $95M in total end-of-year assets and covers 386 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 470398519, and the plan has been effective since 1992-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $96M at the beginning of 2023 to $95M at year-end - a decline of 0.6%. Net assets (after liabilities) closed the year at $88M, with reported net income of $667K 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)$96M
Total Assets (End of Year)$95M
Net Assets (End of Year)$88M
Net Income$667K
Plan TypeOther
Employer EIN470398519
Plan Effective Date1992-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Majors Plastics, Inc.)

Year Plans Participants Total Assets
2022 2 798 $103M
2023 2 769 $103M
2024 2 740 $99M

Nearby Other Plans in Nebraska

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

Frequently Asked Questions

How much money is in the Majors Plastics, Inc. Employee Stock Ownership Plan?
As of the 2023 Form 5500 filing, Majors Plastics, Inc. Employee Stock Ownership Plan holds $95M in total assets with 386 participants. It is sponsored by Majors Plastics, Inc..
What type of plan is Majors Plastics, Inc. Employee Stock Ownership Plan?
Majors Plastics, Inc. Employee Stock Ownership Plan is a Other plan. It has been effective since 1992-05-01. The plan is filed with the U.S. Department of Labor under EIN 470398519.
Who sponsors the Majors Plastics, Inc. Employee Stock Ownership Plan?
Majors Plastics, Inc. Employee Stock Ownership Plan is sponsored by Majors Plastics, Inc., located in Nebraska. The sponsor's EIN is 470398519 and the plan operates in the Manufacturing industry.
How did Majors Plastics, Inc. Employee Stock Ownership Plan perform in 2023?
Majors Plastics, Inc. Employee Stock Ownership Plan declined by 0.6% during 2023, moving from $96M to $95M in total assets. Net income was $667K.
Where can I find official filings for Majors Plastics, Inc. Employee Stock Ownership Plan?
Official Form 5500 filings for Majors Plastics, Inc. Employee Stock Ownership Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 470398519 or plan name at efast.dol.gov.
How does Majors Plastics, Inc. Employee Stock Ownership Plan compare to other plans?
You can compare Majors Plastics, Inc. Employee Stock Ownership Plan against other Other plans on the plan type page, or view plans in Nebraska on the state page. PlainRetire tracks all 402,674 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 470398519.

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.