Profit Sharing · DOL Form 5500 · 2023

Megmel Enterprises, Inc. Profit Sharing Plan

Data updated 2026-08-25

$29K
Total assets Small plan by assets
1
Participants Small participant base
3rd
Percentile by assets National rank
$28,727
Avg per participant Low balance/head
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Official DOL plan name: Megmel Enterprises, Inc. Profit Sharing Plan · Sponsored by Megmel Enterprises, Inc. · New York · Information & Media

$29K in assets, 1 participants

Megmel Enterprises, Inc.'s Megmel Enterprises, Inc. Profit Sharing Plan reported $29K in total assets and 1 participant in its 2023 DOL Form 5500 filing, ranking in the 3rd 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.

  • #53 in Information & Media (2,818 peers)

2023 asset change

Megmel Enterprises, Inc. Profit Sharing Plan contracted severely 39.3% in 2023 ($47K → $29K) for 1 participant.

#53
in Information & Media (2,818 peers)
-39.3%
assets change YoY

The plan reported a net loss of $19K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Megmel Enterprises, Inc. Profit Sharing Plan among the smaller filed plans by assets

Megmel Enterprises, Inc. Profit Sharing Plan vs every filed plan by assets

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

$28,727 3rd percentile higher than 3% 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

Megmel Enterprises, Inc. Profit Sharing Plan among micro filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Megmel Enterprises, Inc. Profit Sharing Plan is a micro filing (1 participant), the leftmost band.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Megmel Enterprises, Inc. Profit Sharing Plan reported net income fell from $12K in the plan year 2022 filing to -$19K in the plan year 2023 filing.
  • Megmel Enterprises, Inc. Profit Sharing Plan end-of-year assets fell from $47K in the plan year 2022 filing to $29K in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 271297971 · Megmel Enterprises, Inc. PY 2023 · Profit Sharing

Megmel Enterprises, Inc. Profit Sharing Plan · $29K · 1 · 3rd

  • BOOK $29K
  • BOOK 1
  • BOOK 3rd
  • BOOK Profit Sharing
  • BOOK near Denise Orfanos Profit Sharing Plan
  • BOOK ind #53

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 Information & Media retirement plans → · Plans in New York →

Megmel Enterprises, Inc. Profit Sharing Plan in the asset neighbourhood

Megmel Enterprises, Inc. Profit Sharing PlanMegmel Enterprises, Inc. Pro…$29KDenise Orfanos Profit Sharing PlanDenise Orfanos Profit Sharin…$29KTurnkey with Me, Inc. Retirement PlanTurnkey with Me, Inc. Retire…$29KM. Uzcategui Santos Retirement PlanM. Uzcategui Santos Retireme…$29KInfinite Flex, Inc. Retirement PlanInfinite Flex, Inc. Retireme…$29K
End-of-year total assets ($M) among Megmel Enterprises, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Megmel Enterprises, Inc. years around the 2023 move

Sponsor-wide plan assets over time

All Megmel Enterprises, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$50K 6.430127080117565% vs 2022
2024 filing year
$0.02M$0.03M$0.04M$0.05M$0.06M 202220232024 $0.05M $0.05M ▲ +0.0%
Year Plans Participants Total Assets
2022 1 1 $47K
2023 1 1 $29K
2024 1 1 $50K

2023 asset-move particulars

Total Assets (Beginning of Year)$47K
Net Assets (End of Year)$29K
Net Income-$19K
Employer EIN271297971
Plan Effective Date2009-11-12
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in New York

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

Megmel Enterprises, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants Megmel Enterprises, Inc. Profit Sharing Plan, Total assets ($B): 0.000028727 · Participants: 1Megmel Enterprises, Inc. Profit Sharing PlanAnnuity Plan of the Electrical Industry, Total assets ($B): 2.210433172 · Participants: 18907Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.870067356 · Participants: 3402Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.660408686 · Participants: 5807Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.177491602 · Participants: 10120The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.912972009 · Participants: 11237Mason Tenders District Council Annuity Fund
Megmel Enterprises, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare Megmel Enterprises, Inc. Profit Sharing Plan side-by-side with 3 peers →

Megmel Enterprises, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is Denise Orfanos Profit Sharing Plan in NJ ($29K); by covered participants it is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29K here).

Similar participant headcount

Nearest other-state filings by covered participants (1 participant); 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 Megmel Enterprises, Inc. Profit Sharing Plan assets move in 2023? ▼
Megmel Enterprises, Inc. Profit Sharing Plan contracted severely - down 39.3% during 2023, from $47K to $29K. Reported net income was -$19K.
How have Megmel Enterprises, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Megmel Enterprises, Inc.'s sponsor-wide assets grew 6.4%, from $47K to $50K.
Where does Megmel Enterprises, Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Megmel Enterprises, Inc. Profit Sharing Plan ranks in the 3rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Megmel Enterprises, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Denise Orfanos Profit Sharing Plan in NJ ($29K, 1 participant).
Which Profit Sharing plans cover a similar participant headcount to Megmel Enterprises, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Luke Krumnow, Inc. Employees Profit Sharing Plan in TX (1 participant, $418K in assets).

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 271297971.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.