401(k) · DOL Form 5500 · 2022
Magnet, LLC 401(k) Plan
Data updated 2026-08-25
- $14M
- Total assets Small plan by assets
- 278
- Participants Below avg headcount
- 72nd
- Percentile by assets National rank
- $51,010
- Avg per participant Low balance/head
Official DOL plan name: The Magnet Group 401(k) Benefit Plan · Sponsored by Magnet, LLC · Missouri · Manufacturing
$14M in assets, 278 participants
Magnet, LLC's The Magnet Group 401(k) Benefit Plan reported $14M in total assets and 278 participants in its 2022 DOL Form 5500 filing, ranking in the 72nd 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.
- #12,511 in Manufacturing (20,602 peers)
Coverage in Missouri
The Magnet Group 401(k) Benefit Plan covers 278 participants in Missouri, about 38% of the average Missouri filer (state average ~737 per filing). Assets: $14M.
- #12,511
- in Manufacturing (20,602 peers)
- -17.7%
- assets change YoY
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.
The Magnet Group 401(k) Benefit Plan's outsized position by total assets
The Magnet Group 401(k) Benefit Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$14,180,701 Top 28% higher than 72% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Magnet Group 401(k) Benefit 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. The Magnet Group 401(k) Benefit Plan sits mid-pack in the medium band (278 participants).
Plan-year Form 5500 strip
Filing strip 431794043 · Magnet, LLC PY 2022 · 401(k)
The Magnet Group 401(k) Benefit Plan · $14M · 278 · 72nd
- PART $14M
- TYPE 278
- NET 72nd
- BOOK 401(k)
- VS-ST near Christensen, Inc. 401(k) Plan
- BOY ind #12511
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 Missouri →
The Magnet Group 401(k) Benefit Plan in the asset neighbourhood
Missouri filing particulars
| Total Assets (Beginning of Year) | $17M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | -$3M |
| Employer EIN | 431794043 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magnet, LLC)
Sponsor-wide plan assets over time
All Magnet, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $18M 26.44872069441419% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 278 | $14M |
| 2023 | 1 | 304 | $17M |
| 2024 | 1 | 314 | $18M |
Nearby 401(k) Plans in Missouri
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Bayer Corporation Savings and Retirement Plan $9.2B · 18,917
- Edward D. Jones & Co. Profit Sharing and 401(k) Plan $8.7B · 47,923
- Enterprise Holdings Retirement Savings Plan $4.5B · 59,568
- Centene Management Corporation Retirement Plan $3.2B · 49,060
- Anheuser-Busch 401(k) Savings and Retirement Plan $3.1B · 14,556
The Magnet Group 401(k) Benefit Plan's out-of-state 401(k) peers by assets and headcount
Outside Missouri, the nearest 401(k) by assets is Christensen, Inc. 401(k) Plan in WA ($14M); by covered participants it is Nova Chemicals Inc. Savings Plan for U.S. Employees in PA (278 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($14M here).
- Christensen, Inc. 401(k) Plan (WA) $14M · 357
- Ardelyx, Inc. 401(k) Plan (MA) $14M · 212
- Chemstation Retirement Savings Plan (OH) $14M · 116
- Hogan & Associates Construction 401(k) Profit Sharing Plan (UT) $14M · 253
Similar participant headcount
Nearest other-state filings by covered participants (278 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.