Profit Sharing · DOL Form 5500 · 2022

Mags Enterprises Inc. Profit Sharing Plan

Data updated 2026-08-25

$854K
Total assets Small plan by assets
2
Participants Small participant base
23rd
Percentile by assets National rank
$427,220
Avg per participant High balance/head
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Official DOL plan name: Mags Enterprises Inc. Profit Sharing Plan · Sponsored by Mags Enterprises Inc. · South Carolina · Food Services & Accommodation

$854K in assets, 2 participants

Mags Enterprises Inc.'s Mags Enterprises Inc. Profit Sharing Plan reported $854K in total assets and 2 participants in its 2022 DOL Form 5500 filing, ranking in the 23rd 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.

  • #2,579 in Food Services & Accommodation (4,592 peers)

Food Services & Accommodation sector rank

Within Food Services & Accommodation, Mags Enterprises Inc. Profit Sharing Plan ranks #2,579 of 4,592 2022 filers by assets (2290% of the sector average)-$854K for 2 participants.

#2,579
in Food Services & Accommodation (4,592 peers)
+13.5%
assets growth YoY

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

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

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

$854,440 23rd percentile higher than 23% 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

Mags Enterprises 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. Mags Enterprises Inc. Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

DOL schedule card

Filing strip 275485727 · Mags Enterprises Inc. PY 2022 · Profit Sharing

Mags Enterprises Inc. Profit Sharing Plan · $854K · 2 · 23rd

  • PCT $854K
  • EIN 2
  • RANK 23rd
  • PHOTO Profit Sharing
  • IND near Blair Pond Management Corporation Retirement Plan
  • EOY ind #2579

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 Food Services & Accommodation retirement plans → · Plans in South Carolina →

Mags Enterprises Inc. Profit Sharing Plan in the asset neighbourhood

Mags Enterprises Inc. Profit Sharing PlanMags Enterprises Inc. Profit…$854KBlair Pond Management Corporation Retirement PlanBlair Pond Management Corpor…$855KTodd Black Productions Inc Profit Sharing PlanTodd Black Productions Inc P…$855KJanice a Townsend Profit Sharing PlanJanice a Townsend Profit Sha…$855KApex Manufacturing Company, Inc. Profit Sharing PlanApex Manufacturing Company, …$855K
End-of-year total assets ($M) among Mags Enterprises Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Food Services & Accommodation filing particulars

Total Assets (Beginning of Year)$753K
Net Assets (End of Year)$854K
Net Income$101K
Employer EIN275485727
Plan Effective Date2011-03-11
Filing StatusFILING RECEIVED

Sponsor Plan History (Mags Enterprises Inc.)

Sponsor-wide plan assets over time

All Mags Enterprises Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$535K 37.32983006413557% vs 2022
2024 filing year
$0.4M$0.5M$0.6M$0.7M$0.8M$0.9M 202220232024 $0.85M $0.54M ▼ -36.5%
Year Plans Participants Total Assets
2022 1 2 $854K
2023 1 2 $533K
2024 1 2 $535K

Nearby Profit Sharing Plans in South Carolina

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

Mags Enterprises Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -0.500.511.52 Total assets ($B) Participants Mags Enterprises Inc. Profit Sharing Plan, Total assets ($B): 0.00085444 · Participants: 2Mags Enterprises Inc. Profit Sharing PlanPrisma Health Retirement Savings Plan, Total assets ($B): 1.580787343 · Participants: 27548Prisma Health Retirement Savings PlanUma Retirement Plan, Total assets ($B): 0.646014747 · Participants: 2372Uma Retirement PlanScansource, Inc. 401(k) Plan, Total assets ($B): 0.193116292 · Participants: 1547Scansource, Inc. 401(k) PlanProfit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & Stewart, Total assets ($B): 0.190880155 · Participants: 2107Profit-Sharing Plan of Ogletree, Deakins, Nash, Smoak & StewartUsc School of Medicine Educational Trust Retirement Plan, Total assets ($B): 0.038245098 · Participants: 200Usc School of Medicine Educational Trust Retirement Plan
Mags Enterprises Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in South Carolina, assets vs. participants
Compare Mags Enterprises Inc. Profit Sharing Plan side-by-side with 3 peers →

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

Outside South Carolina, the nearest Profit Sharing by assets is Blair Pond Management Corporation Retirement Plan in TX ($855K); by covered participants it is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants). Same-state nearby plans are listed separately above.

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 Mags Enterprises Inc. Profit Sharing Plan assets move in 2022? ▼
Mags Enterprises Inc. Profit Sharing Plan grew at a solid clip - up 13.5% during 2022, from $753K to $854K. Reported net income was $101K.
How have Mags Enterprises Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mags Enterprises Inc.'s sponsor-wide assets declined 37.3%, from $854K to $535K.
Where does Mags Enterprises Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Mags Enterprises Inc. Profit Sharing Plan ranks in the 23rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Mags Enterprises Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Blair Pond Management Corporation Retirement Plan in TX ($855K, 4 participants).
Which Profit Sharing plans cover a similar participant headcount to Mags Enterprises Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants, $4M 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 275485727.

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.