401(k) · DOL Form 5500 · 2022

Mag Automotive, LLC 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
213
Participants Below avg headcount
83rd
Percentile by assets National rank
$148,211
Avg per participant Above avg balance/head
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Official DOL plan name: Mag Automotive 401(k) Savings Plan · Sponsored by Mag Automotive, LLC · Michigan · Manufacturing

$32M in assets, 213 participants

Mag Automotive, LLC's Mag Automotive 401(k) Savings Plan reported $32M in total assets and 213 participants in its 2022 DOL Form 5500 filing, ranking in the 83rd 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.

  • #15,731 in Manufacturing (20,602 peers)

Coverage in Michigan

Mag Automotive 401(k) Savings Plan covers 213 participants in Michigan, about 33% of the average Michigan filer (state average ~638 per filing). Assets: $32M.

#15,731
in Manufacturing (20,602 peers)
-13.3%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mag Automotive 401(k) Savings Plan's outsized position by total assets

Mag Automotive 401(k) Savings Plan vs every filed plan by assets

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

$31,568,874 Top 17% higher than 83% 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

Mag Automotive 401(k) Savings Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mag Automotive 401(k) Savings Plan sits mid-pack in the medium band (213 participants).

Form 5500 schedule snapshot

Filing strip 300774344 · Mag Automotive, LLC PY 2022 · 401(k)

Mag Automotive 401(k) Savings Plan · $32M · 213 · 83rd

  • PART $32M
  • TYPE 213
  • NET 83rd
  • BOOK 401(k)
  • VS-ST near Acousti Engineering Company of Florida 401(k) Plan
  • BOY ind #15731

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 Manufacturing retirement plans → · Plans in Michigan →

Mag Automotive 401(k) Savings Plan in the asset neighbourhood

Mag Automotive 401(k) Savings PlanMag Automotive 401(k) Saving…$32MAcousti Engineering Company of Florida 401(k) PlanAcousti Engineering Company …$32MWyatt Technology Corporation 401(k) PspWyatt Technology Corporation…$32MBlue Cross Blue Shield of Wyoming Tax-Favored Savings ProgramBlue Cross Blue Shield of Wy…$32MAberdeen Proving Ground Federal Credit Union 401(k) PlanAberdeen Proving Ground Fede…$32M
End-of-year total assets ($M) among Mag Automotive 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Michigan filing particulars

Total Assets (Beginning of Year)$36M
Net Assets (End of Year)$32M
Net Income-$5M
Employer EIN300774344
Plan Effective Date2013-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Automotive, LLC)

Sponsor-wide plan assets over time

All Mag Automotive, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$43M 36.474249920982295% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $31.6M $43.1M ▲ +36.5%
Year Plans Participants Total Assets
2022 1 213 $32M
2023 1 240 $38M
2024 1 251 $43M

Nearby 401(k) Plans in Michigan

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

Mag Automotive 401(k) Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Mag Automotive 401(k) Savings Plan, Total assets ($B): 0.031568874 · Participants: 213Mag Automotive 401(k) Savings PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Mag Automotive 401(k) Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Mag Automotive 401(k) Savings Plan side-by-side with 3 peers →

Mag Automotive 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Acousti Engineering Company of Florida 401(k) Plan in FL ($32M); by covered participants it is Atlantic Capital Bank 401(k) Plan in GA (213 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (213 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 Mag Automotive 401(k) Savings Plan assets move in 2022? ▼
Mag Automotive 401(k) Savings Plan pulled back noticeably - down 13.3% during 2022, from $36M to $32M. Reported net income was -$5M.
How have Mag Automotive, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Automotive, LLC's sponsor-wide assets grew 36.5%, from $32M to $43M.
Where does Mag Automotive 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Mag Automotive 401(k) Savings Plan ranks in the 83rd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Mag Automotive 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Acousti Engineering Company of Florida 401(k) Plan in FL ($32M, 692 participants).
Which 401(k) plans cover a similar participant headcount to Mag Automotive 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Atlantic Capital Bank 401(k) Plan in GA (213 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 300774344.

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.