401(k) · DOL Form 5500 · 2022

Mag Aerospace Industries, LLC 401(k) Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
196
Participants Below avg headcount
88th
Percentile by assets National rank
$270,861
Avg per participant High balance/head
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Official DOL plan name: Mag Savings Plan · Sponsored by Mag Aerospace Industries, LLC · California · Manufacturing

$53M in assets, 196 participants

Mag Aerospace Industries, LLC's Mag Savings Plan reported $53M in total assets and 196 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #17,088 in Manufacturing (20,602 peers)

Coverage in California

Mag Savings Plan covers 196 participants in California, about 31% of the average California filer (state average ~630 per filing). Assets: $53M.

#17,088
in Manufacturing (20,602 peers)
-20.0%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $13M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mag Savings Plan's outsized position by total assets

Mag Savings Plan vs every filed plan by assets

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

$53,088,846 Top 12% higher than 88% 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

Mag Savings 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. Mag Savings Plan sits mid-pack in the medium band (196 participants).

Plan-year Form 5500 strip

Filing strip 263112085 · Mag Aerospace Industries, LLC PY 2022 · 401(k)

Mag Savings Plan · $53M · 196 · 88th

  • EOY $53M
  • EOY 196
  • EOY 88th
  • EOY 401(k)
  • EOY near Liquidpower Specialty Products Inc. 401(k) and Profit Sharing Plan
  • EOY ind #17088

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 →

Mag Savings Plan in the asset neighbourhood

Mag Savings Plan$53MLiquidpower Specialty Products Inc. 401(k) and Profit Sharing PlanLiquidpower Specialty Produc…$53MAtrion Corporation 401(k) Savings PlanAtrion Corporation 401(k) Sa…$53MForemost Farms USA 401(k) Savings PlanForemost Farms USA 401(k) Sa…$53MLocal 8a-28a 401(k) Retirement FundLocal 8a-28a 401(k) Retireme…$53M
End-of-year total assets ($M) among Mag Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

California filing particulars

Total Assets (Beginning of Year)$66M
Net Assets (End of Year)$53M
Net Income-$13M
Employer EIN263112085
Plan Effective Date1990-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Aerospace Industries, LLC)

Sponsor-wide plan assets over time

All Mag Aerospace Industries, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$67M 25.626198392031352% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $53.1M $66.7M ▲ +25.6%
Year Plans Participants Total Assets
2022 1 196 $53M
2023 1 176 $61M
2024 1 173 $67M

Nearby 401(k) Plans in California

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

Mag Savings Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Mag Savings Plan, Total assets ($B): 0.053088846 · Participants: 196Mag Savings 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
Mag Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Mag Savings Plan side-by-side with 3 peers →

Mag Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Liquidpower Specialty Products Inc. 401(k) and Profit Sharing Plan in TX ($53M); by covered participants it is G.D. Barri & Associates, Inc. 401(k) Plan in AZ (196 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (196 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 Mag Savings Plan assets move in 2022? ▼
Mag Savings Plan declined sharply - down 20.0% during 2022, from $66M to $53M. Reported net income was -$13M.
How have Mag Aerospace Industries, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Aerospace Industries, LLC's sponsor-wide assets grew 25.6%, from $53M to $67M.
Where does Mag Savings Plan rank by assets among Form 5500 filers? ▼
Mag Savings Plan ranks in the 88th 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 Mag Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Liquidpower Specialty Products Inc. 401(k) and Profit Sharing Plan in TX ($53M, 362 participants).
Which 401(k) plans cover a similar participant headcount to Mag Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is G.D. Barri & Associates, Inc. 401(k) Plan in AZ (196 participants, $3M 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 263112085.

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.