401(k) · DOL Form 5500 · 2023

Mcgill Associates, P.a. 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
144
Participants Small participant base
71st
Percentile by assets National rank
$127,958
Avg per participant Near avg balance/head
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Official DOL plan name: Mcgill Associates, P.a. Psp and Trust · Sponsored by Mcgill Associates, P.a. · North Carolina · Professional & Technical Services

$18M in assets, 144 participants

Mcgill Associates, P.a.'s Mcgill Associates, P.a. Psp and Trust reported $18M in total assets and 144 participants in its 2023 DOL Form 5500 filing, ranking in the 71st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #14,361 in Professional & Technical Services (20,321 peers)

Coverage in North Carolina

Mcgill Associates, P.a. Psp and Trust covers 144 participants in North Carolina, about 18% of the average North Carolina filer (state average ~819 per filing). Assets: $18M.

#14,361
in Professional & Technical Services (20,321 peers)
+22.1%
assets growth YoY

Mcgill Associates, P.a. Psp and Trust's outsized position by total assets

Mcgill Associates, P.a. Psp and Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$18,425,881 Top 29% higher than 71% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Mcgill Associates, P.a. Psp and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mcgill Associates, P.a. Psp and Trust sits mid-pack in the medium band (144 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mcgill Associates, P.a. Psp and Trust reported net income rose from -$4M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Mcgill Associates, P.a. Psp and Trust end-of-year assets rose from $15M in the plan year 2022 filing to $18M in the plan year 2023 filing.
  • Mcgill Associates, P.a. Psp and Trust reported participants rose from 131 in the plan year 2022 filing to 144 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 561396980 · Mcgill Associates, P.a. PY 2023 · 401(k)

Mcgill Associates, P.a. Psp and Trust · $18M · 144 · 71st

  • TYPE $18M
  • TYPE 144
  • TYPE 71st
  • TYPE 401(k)
  • TYPE near Gm2 Associates, Inc. 401(k) Plan
  • TYPE ind #14361

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in North Carolina →

Mcgill Associates, P.a. Psp and Trust in the asset neighbourhood

Mcgill Associates, P.a. Psp and TrustMcgill Associates, P.a. Psp …$18MGm2 Associates, Inc. 401(k) PlanGm2 Associates, Inc. 401(k) …$18MF & W Forestry Services, Inc. 401(k) Savings and Retirement Plan & TrustF & W Forestry Services, Inc…$18MFgs, LLC 401(k) Profit Sharing PlanFgs, LLC 401(k) Profit Shari…$18MPave America 401(k) Plan$18M
End-of-year total assets ($M) among Mcgill Associates, P.a. Psp and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$18M
Net Income$3M
Employer EIN561396980
Plan Effective Date1984-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mcgill Associates, P.a.)

Sponsor-wide plan assets over time

All Mcgill Associates, P.a. plans reported in each filing year

Latest sponsor-wide plan assets
$21M 37.06400820333401% vs 2022
2024 filing year
$14M$16M$18M$20M$22M 202220232024 $15.1M $20.7M ▲ +37.0%
Year Plans Participants Total Assets
2022 1 131 $15M
2023 1 144 $18M
2024 1 170 $21M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mcgill Associates, P.a. Psp and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Mcgill Associates, P.a. Psp and Trust, Total assets ($B): 0.018425881 · Participants: 144Mcgill Associates, P.a. Psp and TrustThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Mcgill Associates, P.a. Psp and Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants

Mcgill Associates, P.a. Psp and Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Gm2 Associates, Inc. 401(k) Plan in CT ($18M); by covered participants it is Eagle Granite 401(k) Plan in GA (144 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (144 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mcgill Associates, P.a. Psp and Trust assets move in 2023?
Mcgill Associates, P.a. Psp and Trust grew sharply - up 22.1% during 2023, from $15M to $18M. Reported net income was $3M.
How have Mcgill Associates, P.a. plan assets changed over time?
Across 3 plan years on file (2022-2024), Mcgill Associates, P.a.'s sponsor-wide assets grew 37.1%, from $15M to $21M.
Which 401(k) plans are similar in size to Mcgill Associates, P.a. Psp and Trust?
Among 401(k) plans in other states, the closest by assets is Gm2 Associates, Inc. 401(k) Plan in CT ($18M, 152 participants).
Which 401(k) plans cover a similar participant headcount to Mcgill Associates, P.a. Psp and Trust?
Among 401(k) plans in other states, the closest by covered participants is Eagle Granite 401(k) Plan in GA (144 participants, N/A in assets).