401(k) · DOL Form 5500 · 2022

Magnetic Inspection Laboratory, Inc 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
141
Participants Small participant base
73rd
Percentile by assets National rank
$108,159
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: M.I.L., Inc. 401(k) Plan · Sponsored by Magnetic Inspection Laboratory, Inc · Illinois · Manufacturing

$15M in assets, 141 participants

Magnetic Inspection Laboratory, Inc's M.I.L., Inc. 401(k) Plan reported $15M in total assets and 141 participants in its 2022 DOL Form 5500 filing, ranking in the 73rd 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.

  • #12,843 in Manufacturing (20,602 peers)

Coverage in Illinois

M.I.L., Inc. 401(k) Plan covers 141 participants in Illinois, about 18% of the average Illinois filer (state average ~779 per filing). Assets: $15M.

#12,843
in Manufacturing (20,602 peers)
-13.7%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

M.I.L., Inc. 401(k) Plan's outsized position by total assets

M.I.L., Inc. 401(k) Plan vs every filed plan by assets

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

$15,250,388 Top 27% higher than 73% 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

M.I.L., Inc. 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. M.I.L., Inc. 401(k) Plan sits mid-pack in the medium band (141 participants).

Form 5500 schedule snapshot

Filing strip 362814092 · Magnetic Inspection Laboratory, Inc PY 2022 · 401(k)

M.I.L., Inc. 401(k) Plan · $15M · 141 · 73rd

  • IND $15M
  • EOY 141
  • 5500 73rd
  • ASSETS 401(k)
  • PCT near Big Stone Therapies, Inc. Retirement Plan
  • EIN ind #12843

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 Illinois →

M.I.L., Inc. 401(k) Plan in the asset neighbourhood

M.I.L., Inc. 401(k) Plan$15MBig Stone Therapies, Inc. Retirement PlanBig Stone Therapies, Inc. Re…$15MBei Engineers 401(k) Plan$15MLiferay, Inc. 401(k) Profit Sharing PlanLiferay, Inc. 401(k) Profit …$15MTencate Grass Retirement Plan$15M
End-of-year total assets ($M) among M.I.L., Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$15M
Net Income-$2M
Employer EIN362814092
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnetic Inspection Laboratory, Inc)

Sponsor-wide plan assets over time

All Magnetic Inspection Laboratory, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$17M 13.409383420277567% vs 2022
2024 filing year
$15M$16M$17M$18M 202220232024 $15.3M $17.3M ▲ +13.4%
Year Plans Participants Total Assets
2022 1 141 $15M
2023 1 191 $16M
2024 1 222 $17M

Nearby 401(k) Plans in Illinois

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

M.I.L., Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants M.I.L., Inc. 401(k) Plan, Total assets ($B): 0.015250388 · Participants: 141M.I.L., Inc. 401(k) PlanState Farm 401(k) Savings Plan, Total assets ($B): 14.651519685 · Participants: 53616State Farm 401(k) Savings PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 14.283954811 · Participants: 66653Accenture United States 401(k) Match and Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 13.333286 · Participants: 36136Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 11.816542826 · Participants: 13437United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 11.682551768 · Participants: 238072Walgreens Retirement Savings Plan
M.I.L., Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare M.I.L., Inc. 401(k) Plan side-by-side with 3 peers →

M.I.L., Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Big Stone Therapies, Inc. Retirement Plan in SD ($15M); by covered participants it is Bel Red Energy Solutions 401(k) Plan in WA (141 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($15M here).

Similar participant headcount

Nearest other-state filings by covered participants (141 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 M.I.L., Inc. 401(k) Plan assets move in 2022? ▼
M.I.L., Inc. 401(k) Plan pulled back noticeably - down 13.7% during 2022, from $18M to $15M. Reported net income was -$2M.
How have Magnetic Inspection Laboratory, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnetic Inspection Laboratory, Inc's sponsor-wide assets grew 13.4%, from $15M to $17M.
Which 401(k) plans are similar in size to M.I.L., Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Big Stone Therapies, Inc. Retirement Plan in SD ($15M, 424 participants).
Which 401(k) plans cover a similar participant headcount to M.I.L., Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bel Red Energy Solutions 401(k) Plan in WA (141 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 362814092.

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.