401(k) · DOL Form 5500 · 2024

Management Consulting, Inc. Profit Sharing 401(k) Plan

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

$34M
Total assets
393
Participants
64th
Percentile by assets

Sponsored by Management Consulting, Inc. · Virginia · Professional & Technical Services

What the 2024 filing shows

Management Consulting, Inc. Profit Sharing 401(k) Plan holds $34M for 393 participants - about $85,974 per participant, above the median plan by assets, up 3.0% over the 2024 plan year.

$34M
total plan assets (2024 EOY)
393
covered participants
64th
percentile by assets (of 67,083 plans)
$85,974
avg assets per participant
Total Assets (2023)
$34M
Participants
393
State
Industry
Professional & Technical Services

What the Filing Says About Management Consulting, Inc. Profit Sharing 401(k) Plan

Management Consulting, Inc. Profit Sharing 401(k) Plan is a 401(k) retirement plan sponsored by Management Consulting, Inc., headquartered in Virginia. As of the 2024 Form 5500 filing, the plan reports $34M in total end-of-year assets and covers 393 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 541244651, and the plan has been effective since 1984-10-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $33M at the beginning of 2024 to $34M at year-end - a gain of 3.0%. Net assets (after liabilities) closed the year at $34M, with reported net income of $974K 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)$33M
Total Assets (End of Year)$34M
Net Assets (End of Year)$34M
Net Income$974K
Plan Type401(k)
Employer EIN541244651
Plan Effective Date1984-10-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Management Consulting, Inc.)

Year Plans Participants Total Assets
2022 1 399 $30M
2023 1 373 $33M
2024 1 393 $34M

Nearby 401(k) Plans in Virginia

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

Frequently Asked Questions

How much money is in the Management Consulting, Inc. Profit Sharing 401(k) Plan?
As of the 2024 Form 5500 filing, Management Consulting, Inc. Profit Sharing 401(k) Plan holds $34M in total assets with 393 participants. It is sponsored by Management Consulting, Inc..
What type of plan is Management Consulting, Inc. Profit Sharing 401(k) Plan?
Management Consulting, Inc. Profit Sharing 401(k) Plan is a 401(k) plan. It has been effective since 1984-10-01. The plan is filed with the U.S. Department of Labor under EIN 541244651.
Who sponsors the Management Consulting, Inc. Profit Sharing 401(k) Plan?
Management Consulting, Inc. Profit Sharing 401(k) Plan is sponsored by Management Consulting, Inc., located in Virginia. The sponsor's EIN is 541244651 and the plan operates in the Professional & Technical Services industry.
How did Management Consulting, Inc. Profit Sharing 401(k) Plan perform in 2024?
Management Consulting, Inc. Profit Sharing 401(k) Plan grew by 3.0% during 2024, moving from $33M to $34M in total assets. Net income was $974K.
Where can I find official filings for Management Consulting, Inc. Profit Sharing 401(k) Plan?
Official Form 5500 filings for Management Consulting, Inc. Profit Sharing 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 541244651 or plan name at efast.dol.gov.
How does Management Consulting, Inc. Profit Sharing 401(k) Plan compare to other plans?
You can compare Management Consulting, Inc. Profit Sharing 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Virginia 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 541244651.

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.