401(k) · DOL Form 5500 · 2022

MAGTEK 401(k) Plan

Data updated 2026-08-25

$88M
Total assets Below avg plan size
160
Participants Small participant base
92nd
Percentile by assets National rank
$552,594
Avg per participant High balance/head
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Official DOL plan name: Magtek Profit Sharing/401(k) Plan · Sponsored by MAGTEK · California · Manufacturing

$88M in assets, 160 participants

MAGTEK's Magtek Profit Sharing/401(k) Plan reported $88M in total assets and 160 participants in its 2022 DOL Form 5500 filing, ranking in the 92nd 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.

  • #18,107 in Manufacturing (20,602 peers)

Coverage in California

Magtek Profit Sharing/401(k) Plan covers 160 participants in California, about 25% of the average California filer (state average ~630 per filing). Assets: $88M.

#18,107
in Manufacturing (20,602 peers)
-23.0%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $26M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magtek Profit Sharing/401(k) Plan's outsized position by total assets

Magtek Profit Sharing/401(k) Plan vs every filed plan by assets

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

$88,415,007 Top 8% higher than 92% 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

Magtek Profit Sharing/401(k) 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. Magtek Profit Sharing/401(k) Plan sits mid-pack in the medium band (160 participants).

Form 5500 schedule snapshot

Filing strip 952774055 · MAGTEK PY 2022 · 401(k)

Magtek Profit Sharing/401(k) Plan · $88M · 160 · 92nd

  • EIN $88M
  • RANK 160
  • PHOTO 92nd
  • IND 401(k)
  • EOY near Investment Corporation of America Profit Sharing 401(k) Plan
  • 5500 ind #18107

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 California →

Magtek Profit Sharing/401(k) Plan in the asset neighbourhood

Planned Systems International, Inc. 401(k) PlanPlanned Systems Internationa…$88MMagtek Profit Sharing/401(k) PlanMagtek Profit Sharing/401(k)…$88MInvestment Corporation of America Profit Sharing 401(k) PlanInvestment Corporation of Am…$88MAptean 401(k) Plan$88MGreat Lakes Cheese Co., Inc. 401(k) Plan and TrustGreat Lakes Cheese Co., Inc.…$88M
End-of-year total assets ($M) among Magtek Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$115M
Net Assets (End of Year)$88M
Net Income-$26M
Employer EIN952774055
Plan Effective Date1980-06-30
Filing StatusFILING RECEIVED

Sponsor Plan History (MAGTEK)

Sponsor-wide plan assets over time

All MAGTEK plans reported in each filing year

Latest sponsor-wide plan assets
$105M 18.808762860811626% vs 2022
2024 filing year
$85M$90M$95M$100M$105M$110M 202220232024 $88.4M $105M ▲ +18.8%
Year Plans Participants Total Assets
2022 1 160 $88M
2023 1 147 $97M
2024 1 149 $105M

Nearby 401(k) Plans in California

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

Magtek Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Magtek Profit Sharing/401(k) Plan, Total assets ($B): 0.088415007 · Participants: 160Magtek Profit Sharing/401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 45.765616608 · Participants: 205865Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 28.89820221 · Participants: 102963Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 21.851716605 · Participants: 46320Oracle Corporation 401(k) Savings and Investment PlanChevron Employee Savings Investment Plan, Total assets ($B): 18.60989746 · Participants: 19946Chevron Employee Savings Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 18.361585903 · Participants: 54672Intel 401(k) Savings Plan
Magtek Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Magtek Profit Sharing/401(k) Plan side-by-side with 3 peers →

Magtek Profit Sharing/401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Investment Corporation of America Profit Sharing 401(k) Plan in TX ($88M); by covered participants it is Apple Care, LLC 401(k) Plan in GA (160 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (160 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 Magtek Profit Sharing/401(k) Plan assets move in 2022? ▼
Magtek Profit Sharing/401(k) Plan declined sharply - down 23.0% during 2022, from $115M to $88M. Reported net income was -$26M.
How have MAGTEK plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), MAGTEK's sponsor-wide assets grew 18.8%, from $88M to $105M.
Where does Magtek Profit Sharing/401(k) Plan rank by assets among Form 5500 filers? ▼
Magtek Profit Sharing/401(k) Plan ranks in the 92nd percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Magtek Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Investment Corporation of America Profit Sharing 401(k) Plan in TX ($88M, 497 participants).
Which 401(k) plans cover a similar participant headcount to Magtek Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Apple Care, LLC 401(k) Plan in GA (160 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 952774055.

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.