Melt-spun ribbons samples of the multicomponent alloy Mn_0.5Fe_0.5NiSi_0.940Al_0.060 were prepared and the magnetostructural transition (MST) and related magnetocaloric properties studied for as-solidified ribbons and ribbon samples annealed between 800 and 950 °C for 4 h. The results are compared with those reported in the literature for melt-spun ribbons with an Al content x = 0.055 and bulk alloys. It is shown that all samples undergo a first-order MST from a paramagnetic Ni₂In-type hexagonal structure to a ferromagnetic TiNiSi-type orthorhombic one. Ribbons show broader isothermal entropy change Δ S_T( T) curves with moderate maximum values of |Δ S_T|^max at 2 T (7.2–7.3 J kg⁻¹ K⁻¹) in comparison with the reported for bulk alloys. However, the average value of the magnetic hysteresis loss linked to the hexagonal-to-orthorhombic transition is low in comparison with the one reported for most magnetocaloric materials with first-order magnetostructural transitions. This work underlines the effectiveness of this rapid solidification technique to produce highly homogeneous ribbon samples of multicomponent alloys.