401(k) · DOL Form 5500 · 2022

Magpul Industries Corp. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

$7M
Total assets
142
Participants
36th
Percentile by assets

Sponsored by Magpul Industries Corp. · Texas · Wholesale Trade

What the 2022 filing shows

Magpul Industries Corp. 401(k) Plan holds $7M for 142 participants - about $49,266 per participant, in the lower half of filed plans by assets, down 7.7% over the 2022 plan year.

$7M
total plan assets (2022 EOY)
142
covered participants
36th
percentile by assets (of 84,055 plans)
$49,266
avg assets per participant

The plan reported a net loss of $587K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$7M
Participants
142
State
Industry
Wholesale Trade

What the Filing Says About Magpul Industries Corp. 401(k) Plan

Magpul Industries Corp. 401(k) Plan is a 401(k) retirement plan sponsored by Magpul Industries Corp., headquartered in Texas. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 142 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 841502119, and the plan has been effective since 2012-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2022 to $7M at year-end - a decline of 7.7%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-586,710 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$8M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$-586,710
Plan Type401(k)
Employer EIN841502119
Plan Effective Date2012-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magpul Industries Corp.)

Year Plans Participants Total Assets
2022 1 142 $7M
2023 1 159 $9M
2024 1 158 $10M

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Frequently Asked Questions

How much money is in the Magpul Industries Corp. 401(k) Plan?
As of the 2022 Form 5500 filing, Magpul Industries Corp. 401(k) Plan holds $7M in total assets with 142 participants. It is sponsored by Magpul Industries Corp..
What type of plan is Magpul Industries Corp. 401(k) Plan?
Magpul Industries Corp. 401(k) Plan is a 401(k) plan. It has been effective since 2012-01-01. The plan is filed with the U.S. Department of Labor under EIN 841502119.
Who sponsors the Magpul Industries Corp. 401(k) Plan?
Magpul Industries Corp. 401(k) Plan is sponsored by Magpul Industries Corp., located in Texas. The sponsor's EIN is 841502119 and the plan operates in the Wholesale Trade industry.
How did Magpul Industries Corp. 401(k) Plan perform in 2022?
Magpul Industries Corp. 401(k) Plan declined by 7.7% during 2022, moving from $8M to $7M in total assets. Net income was $-586,710.
Where can I find official filings for Magpul Industries Corp. 401(k) Plan?
Official Form 5500 filings for Magpul Industries Corp. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 841502119 or plan name at efast.dol.gov.
How does Magpul Industries Corp. 401(k) Plan compare to other plans?
You can compare Magpul Industries Corp. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Texas on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

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 841502119.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.