Profit Sharing · DOL Form 5500 · 2022

Magic Myway, Inc. Profit Sharing Plan

Data updated 2026-08-25

$1M
Total assets Small plan by assets
5
Participants Small participant base
27th
Percentile by assets National rank
$243,977
Avg per participant Above avg balance/head
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Official DOL plan name: Magic Myway, Inc. Profit Sharing Plan · Sponsored by Magic Myway, Inc. · Pennsylvania · Transportation & Warehousing

$1M in assets, 5 participants

Magic Myway, Inc.'s Magic Myway, Inc. Profit Sharing Plan reported $1M in total assets and 5 participants in its 2022 DOL Form 5500 filing, ranking in the 27th 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.

  • #1,039 in Transportation & Warehousing (3,876 peers)

Magic Myway, Inc. multi-year trail

Magic Myway, Inc.'s plans moved -60.8% in assets from 2022 to 2024; this filing shows Magic Myway, Inc. Profit Sharing Plan at $1M / 5 participants.

#1,039
in Transportation & Warehousing (3,876 peers)
-21.7%
assets change YoY

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.

Magic Myway, Inc. Profit Sharing Plan among the smaller filed plans by assets

Magic Myway, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,219,887 27th percentile higher than 27% of 139,123 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 2022

Magic Myway, Inc. Profit Sharing Plan among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magic Myway, Inc. Profit Sharing Plan is a micro filing (5 participants), the leftmost band.

DOL schedule card

Filing strip 711024256 · Magic Myway, Inc. PY 2022 · Profit Sharing

Magic Myway, Inc. Profit Sharing Plan · $1M · 5 · 27th

  • RANK $1M
  • PHOTO 5
  • IND 27th
  • EOY Profit Sharing
  • 5500 near Jim Blechman Sole Proprietor Profit Sharing Plan
  • ASSETS ind #1039

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 Transportation & Warehousing retirement plans → · Plans in Pennsylvania →

Magic Myway, Inc. Profit Sharing Plan in the asset neighbourhood

Magic Myway, Inc. Profit Sharing PlanMagic Myway, Inc. Profit Sha…$1MJim Blechman Sole Proprietor Profit Sharing PlanJim Blechman Sole Proprietor…$1MTrimio Corporation Retirement PlanTrimio Corporation Retiremen…$1MEgc Retirement Plan$1MRobert Hozman, M.D., S.C. Retirement Plan and TrustRobert Hozman, M.D., S.C. Re…$1M
End-of-year total assets ($M) among Magic Myway, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Magic Myway, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Magic Myway, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$478K 60.79554909594085% vs 2022
2024 filing year
$0M$0.5M$1M$1.5M 202220232024 $1.22M $0.48M ▼ -60.7%
Year Plans Participants Total Assets
2022 1 5 $1M
2023 1 4 $1M
2024 1 4 $478K

Magic Myway, Inc. filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$1M
Net Income-$338K
Employer EIN711024256
Plan Effective Date2007-05-21
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Pennsylvania

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

Magic Myway, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.522.5 Total assets ($B) Participants Magic Myway, Inc. Profit Sharing Plan, Total assets ($B): 0.001219887 · Participants: 5Magic Myway, Inc. Profit Sharing PlanEastern Atlantic States Carpenters Annuity Fund, Total assets ($B): 2.032358305 · Participants: 8058Eastern Atlantic States Carpenters Annuity FundUniversity of Pennsylvania Basic Plan, Total assets ($B): 1.417850182 · Participants: 14515University of Pennsylvania Basic PlanInternational Brotherhood of Electrical Workers Local Union 98 - Profit Sharing Plan, Total assets ($B): 0.958457322 · Participants: 3904International Brotherhood of Electrical Workers Local Union 98 - Profit Sharing PlanTemple University Health System, Inc. Defined Contribution Retirement Plan, Total assets ($B): 0.640341222 · Participants: 9017Temple University Health System, Inc. Defined Contribution Retirement PlanSteamfitters Local Union No. 420 Srp, Total assets ($B): 0.58659727 · Participants: 6353Steamfitters Local Union No. 420 Srp
Magic Myway, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Pennsylvania, assets vs. participants
Compare Magic Myway, Inc. Profit Sharing Plan side-by-side with 3 peers →

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

Outside Pennsylvania, the nearest Profit Sharing by assets is Jim Blechman Sole Proprietor Profit Sharing Plan in CA ($1M); by covered participants it is Summit Equity Group Lashes, Inc. Retirement Plan in FL (5 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Magic Myway, Inc. Profit Sharing Plan assets move in 2022? ▼
Magic Myway, Inc. Profit Sharing Plan declined sharply - down 21.7% during 2022, from $2M to $1M. Reported net income was -$338K.
How have Magic Myway, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magic Myway, Inc.'s sponsor-wide assets declined 60.8%, from $1M to $478K.
Which Profit Sharing plans are similar in size to Magic Myway, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Jim Blechman Sole Proprietor Profit Sharing Plan in CA ($1M, 4 participants).
Which Profit Sharing plans cover a similar participant headcount to Magic Myway, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Summit Equity Group Lashes, Inc. Retirement Plan in FL (5 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 711024256.

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.