401(k) Ā· DOL Form 5500 Ā· 2023

Main Brothers Oil Company, Inc. 401(k) Plan

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

$6M
Total assets
103
Participants
18th
Percentile by assets

Sponsored by Main Brothers Oil Company, Inc. Ā· New York Ā· Manufacturing

What the 2023 filing shows

Main Brothers Oil Company, Inc. 401(k) Plan holds $6M for 103 participants - about $54,543 per participant, among the smaller plans by assets on file, down 5.7% over the 2023 plan year.

$6M
total plan assets (2023 EOY)
103
covered participants
18th
percentile by assets (of 72,800 plans)
$54,543
avg assets per participant

The plan reported a net loss of $338K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$6M
Participants
103
State
Industry
Manufacturing

What the Filing Says About Main Brothers Oil Company, Inc. 401(k) Plan

Main Brothers Oil Company, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Main Brothers Oil Company, Inc., headquartered in New York. As of the 2023 Form 5500 filing, the plan reports $6M in total end-of-year assets and covers 103 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 146024844, and the plan has been effective since 1995-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $6M at the beginning of 2023 to $6M at year-end - a decline of 5.7%. Net assets (after liabilities) closed the year at $6M, with reported net income of $-337,883 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)$6M
Total Assets (End of Year)$6M
Net Assets (End of Year)$6M
Net Income$-337,883
Plan Type401(k)
Employer EIN146024844
Plan Effective Date1995-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Main Brothers Oil Company, Inc.)

Year Plans Participants Total Assets
2022 2 208 $38M
2023 2 184 $38M

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Frequently Asked Questions

How much money is in the Main Brothers Oil Company, Inc. 401(k) Plan?
As of the 2023 Form 5500 filing, Main Brothers Oil Company, Inc. 401(k) Plan holds $6M in total assets with 103 participants. It is sponsored by Main Brothers Oil Company, Inc..
What type of plan is Main Brothers Oil Company, Inc. 401(k) Plan?
Main Brothers Oil Company, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 1995-01-01. The plan is filed with the U.S. Department of Labor under EIN 146024844.
Who sponsors the Main Brothers Oil Company, Inc. 401(k) Plan?
Main Brothers Oil Company, Inc. 401(k) Plan is sponsored by Main Brothers Oil Company, Inc., located in New York. The sponsor's EIN is 146024844 and the plan operates in the Manufacturing industry.
How did Main Brothers Oil Company, Inc. 401(k) Plan perform in 2023?
Main Brothers Oil Company, Inc. 401(k) Plan declined by 5.7% during 2023, moving from $6M to $6M in total assets. Net income was $-337,883.
Where can I find official filings for Main Brothers Oil Company, Inc. 401(k) Plan?
Official Form 5500 filings for Main Brothers Oil Company, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 146024844 or plan name at efast.dol.gov.
How does Main Brothers Oil Company, Inc. 401(k) Plan compare to other plans?
You can compare Main Brothers Oil Company, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in New York 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 146024844.

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.