401(k) · DOL Form 5500 · 2022

Frank N. Magid Associates, Inc 401(k) Plan

Data updated 2026-08-25

$22M
Total assets Small plan by assets
107
Participants Small participant base
79th
Percentile by assets National rank
$207,135
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan · Sponsored by Frank N. Magid Associates, Inc · Minnesota · Professional & Technical Services

$22M in assets, 107 participants

Frank N. Magid Associates, Inc's Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan reported $22M in total assets and 107 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.

  • #17,058 in Professional & Technical Services (21,562 peers)

Coverage in Minnesota

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan covers 107 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $22M.

#17,058
in Professional & Technical Services (21,562 peers)
-12.5%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$22,163,487 Top 21% higher than 79% 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

Frank N. Magid Associates, Inc. 401(k) Profit Sharing 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. Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (107 participants).

Form 5500 schedule snapshot

Filing strip 420894975 · Frank N. Magid Associates, Inc PY 2022 · 401(k)

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan · $22M · 107 · 79th

  • EOY $22M
  • EOY 107
  • EOY 79th
  • EOY 401(k)
  • EOY near Smrt, Inc. 401(k) Profit Sharing Plan
  • EOY ind #17058

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 Professional & Technical Services retirement plans → · Plans in Minnesota →

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Frank N. Magid Associates, Inc. 401(k) Profit Sharing PlanFrank N. Magid Associates, I…$22MSmrt, Inc. 401(k) Profit Sharing PlanSmrt, Inc. 401(k) Profit Sha…$22MSalo Incorporated 401(k) Plan$22MChalmers & Kubeck, Inc. 401(k) PlanChalmers & Kubeck, Inc. 401(…$22MSilver Star Brands 401(k) PlanSilver Star Brands 401(k) Pl…$22M
End-of-year total assets ($M) among Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Minnesota filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$22M
Net Income-$3M
Employer EIN420894975
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Frank N. Magid Associates, Inc)

Sponsor-wide plan assets over time

All Frank N. Magid Associates, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$23M 3.9916958915354788% vs 2022
2024 filing year
$22M$22.5M$23M$23.5M 202220232024 $22.2M $23.1M ▲ +4.0%
Year Plans Participants Total Assets
2022 1 107 $22M
2023 1 122 $23M
2024 1 105 $23M

Nearby 401(k) Plans in Minnesota

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

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -505101520 Total assets ($B) Participants Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.022163487 · Participants: 107Frank N. Magid Associates, Inc. 401(k) Profit Sharing PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 18.576379778 · Participants: 176886Unitedhealth Group 401(k) Savings PlanMedtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan), Total assets ($B): 12.198295 · Participants: 38825Medtronic Savings and Investment Plan (Also Known as the Medtronic 401(k) Plan)Target Corporation 401(k) Plan, Total assets ($B): 11.216824857 · Participants: 400422Target Corporation 401(k) Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 11.138527656 · Participants: 371593M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 8.266408521 · Participants: 67646U.S. Bank 401(k) Savings Plan
Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Smrt, Inc. 401(k) Profit Sharing Plan in ME ($22M); by covered participants it is First National Bank in Howell 401 (K) Plan in MI (107 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($22M here).

Similar participant headcount

Nearest other-state filings by covered participants (107 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 Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan assets move in 2022? ▼
Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan pulled back noticeably - down 12.5% during 2022, from $25M to $22M. Reported net income was -$3M.
How have Frank N. Magid Associates, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Frank N. Magid Associates, Inc's sponsor-wide assets grew 4.0%, from $22M to $23M.
Where does Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan ranks in the 79th 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 Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Smrt, Inc. 401(k) Profit Sharing Plan in ME ($22M, 112 participants).
Which 401(k) plans cover a similar participant headcount to Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First National Bank in Howell 401 (K) Plan in MI (107 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 420894975.

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.