Mcmanis & Monsalve Associates Profit Sharing Plan — Form 5500 plan (Mcmanis & Monsalve Associates)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Mcmanis & Monsalve Associates Profit Sharing Plan is a benefit plan reported by Mcmanis & Monsalve Associates under EIN 54-2002267 and plan number 002. The latest loaded filing year is 2023. The filing reports 532 participants and $7,062,996 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$7MPlan net assets, end of year$6,957,414
Participants532Covered participants reported
Assets / participant$13.3KComputed: assets ÷ participants$13,276 (computed)
Provider compensation$36.1K1 Schedule C provider row(s)$36,051
- Plan sponsor
- Mcmanis & Monsalve Associates
- EIN
- 54-2002267
- Plan number
- 002
- Plan type
- 2
- Location
- Germantown, MD
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 532 | H, C | 20240307144844NAL0034908544001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$7.1M total assets
Net assets$7MLiabilities$105.6K
Full reported line items
Net assets
- Total assets (EOY)
- $7,062,996
- Total liabilities (EOY)
- $105,582
- Net assets (EOY)
- $6,957,414
- Net assets (BOY)
- $6,249,791
Income & contributions
- Employer contributions
- $270,428
- Participant contributions
- $254,735
- Total contributions
- $544,008
- Total income / additions
- $1,767,280
Expenses & distributions
- Benefits paid
- $917,301
- Administrative expenses
- $141,633
- Total expenses
- $1,059,657
- Net increase / (decrease)
- $707,623
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
51%49%
Employer 51%Participant 49%
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income52%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $36,051 | $0 | 2023 |