401(k) · DOL Form 5500 · 2022

Magid Glove & Safety Manufacturing Company, LLC 401(k) Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
659
Participants Below avg headcount
87th
Percentile by assets National rank
$70,846
Avg per participant Below avg balance/head
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Official DOL plan name: Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan · Sponsored by Magid Glove & Safety Manufacturing Company, LLC · Illinois · Manufacturing

$47M in assets, 659 participants

Magid Glove & Safety Manufacturing Company, LLC's Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported $47M in total assets and 659 participants in its 2022 DOL Form 5500 filing, ranking in the 87th 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.

  • #16,804 in Manufacturing (20,602 peers)

Where Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits by assets

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $47M for 659 participants (~$70,846/participant), down 20.3% in 2022.

#16,804
in Manufacturing (20,602 peers)
-20.3%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $12M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan's outsized position by total assets

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan vs every filed plan by assets

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

$46,687,482 Top 13% higher than 87% 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

Magid Glove and Safety Manufacturing Company, LLC 401(k) and 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. Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits mid-pack in the medium band (659 participants).

Plan-year Form 5500 strip

Filing strip 364057654 · Magid Glove & Safety Manufacturing Company, LLC PY 2022 · 401(k)

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan · $47M · 659 · 87th

  • 5500 $47M
  • 5500 659
  • 5500 87th
  • 5500 401(k)
  • 5500 near Techsmith Corporation Retirement Plan
  • 5500 ind #16804

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 →

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan in the asset neighbourhood

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing PlanMagid Glove and Safety Manuf…$47MTechsmith Corporation Retirement PlanTechsmith Corporation Retire…$47MWorkrise Technologies, Inc. 401(k) PlanWorkrise Technologies, Inc. …$47MTradebe Environmental Services 401(k) PlanTradebe Environmental Servic…$47MHitchiner Manufacturing Co., Inc. 401(k) Retirement Savings PlanHitchiner Manufacturing Co.,…$47M
End-of-year total assets ($M) among Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$47M
Net Income-$12M
Employer EIN364057654
Plan Effective Date1996-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magid Glove & Safety Manufacturing Company, LLC)

Sponsor-wide plan assets over time

All Magid Glove & Safety Manufacturing Company, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$60M 28.744983505428713% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $46.7M $60.1M ▲ +28.7%
Year Plans Participants Total Assets
2022 1 659 $47M
2023 1 674 $54M
2024 1 693 $60M

Nearby 401(k) Plans in Illinois

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

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan, Total assets ($B): 0.046687482 · Participants: 659Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing 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
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan side-by-side with 3 peers →

Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Techsmith Corporation Retirement Plan in MI ($47M); by covered participants it is Hom Furniture, Inc. Profit Sharing/ 401(k) Plan in MN (659 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (659 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 Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan assets move in 2022? ▼
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan declined sharply - down 20.3% during 2022, from $59M to $47M. Reported net income was -$12M.
How have Magid Glove & Safety Manufacturing Company, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magid Glove & Safety Manufacturing Company, LLC's sponsor-wide assets grew 28.7%, from $47M to $60M.
Where does Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan ranks in the 87th 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 Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Techsmith Corporation Retirement Plan in MI ($47M, 305 participants).
Which 401(k) plans cover a similar participant headcount to Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hom Furniture, Inc. Profit Sharing/ 401(k) Plan in MN (659 participants, $57M 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 364057654.

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.