401(k) · DOL Form 5500 · 2022

Premier Magnesia LLC 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets
447
Participants Below avg headcount
80th
Percentile by assets National rank
$52,598
Avg per participant Low balance/head
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Official DOL plan name: Premier Magnesia LLC Savings and Profit Sharing Plan · Sponsored by Premier Magnesia LLC · North Carolina · Manufacturing

$24M in assets, 447 participants

Premier Magnesia LLC's Premier Magnesia LLC Savings and Profit Sharing Plan reported $24M in total assets and 447 participants in its 2022 DOL Form 5500 filing, ranking in the 80th 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.

  • #14,673 in Manufacturing (20,602 peers)

Where Premier Magnesia LLC Savings and Profit Sharing Plan sits by assets

Premier Magnesia LLC Savings and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $24M for 447 participants (~$52,598/participant), down 18.4% in 2022.

#14,673
in Manufacturing (20,602 peers)
-18.4%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Premier Magnesia LLC Savings and Profit Sharing Plan's outsized position by total assets

Premier Magnesia LLC Savings and Profit Sharing Plan vs every filed plan by assets

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

$23,511,403 Top 20% higher than 80% 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

Premier Magnesia LLC Savings 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. Premier Magnesia LLC Savings and Profit Sharing Plan sits mid-pack in the medium band (447 participants).

Published 5500 schedule card

Filing strip 522295483 · Premier Magnesia LLC PY 2022 · 401(k)

Premier Magnesia LLC Savings and Profit Sharing Plan · $24M · 447 · 80th

  • EOY $24M
  • EOY 447
  • EOY 80th
  • EOY 401(k)
  • EOY near Flory Industries, Inc. Profit Sharing 401(k) Plan
  • EOY ind #14673

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 North Carolina →

Premier Magnesia LLC Savings and Profit Sharing Plan in the asset neighbourhood

Premier Magnesia LLC Savings and Profit Sharing PlanPremier Magnesia LLC Savings…$24MFlory Industries, Inc. Profit Sharing 401(k) PlanFlory Industries, Inc. Profi…$24MManiilaq Association 401(k) Safe Harbor Profit Sharing PlanManiilaq Association 401(k) …$24MKronospan Inc. 401(k) Plan$24MKitsap Credit Union 401(k) Retirement Savings PlanKitsap Credit Union 401(k) R…$24M
End-of-year total assets ($M) among Premier Magnesia LLC Savings 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)$29M
Net Assets (End of Year)$24M
Net Income-$5M
Employer EIN522295483
Plan Effective Date2001-04-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Premier Magnesia LLC)

Sponsor-wide plan assets over time

All Premier Magnesia LLC plans reported in each filing year

Latest sponsor-wide plan assets
$33M 40.16383029119955% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $23.5M $33M ▲ +40.2%
Year Plans Participants Total Assets
2022 1 447 $24M
2023 1 455 $30M
2024 1 471 $33M

Nearby 401(k) Plans in North Carolina

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

Premier Magnesia LLC Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Premier Magnesia LLC Savings and Profit Sharing Plan, Total assets ($B): 0.023511403 · Participants: 447Premier Magnesia LLC Savings and Profit Sharing PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Premier Magnesia LLC Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Premier Magnesia LLC Savings and Profit Sharing Plan side-by-side with 3 peers →

Premier Magnesia LLC Savings and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Flory Industries, Inc. Profit Sharing 401(k) Plan in CA ($24M); by covered participants it is Bakersfield Heart Hospital 401(k) Plan in CA (447 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (447 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 Premier Magnesia LLC Savings and Profit Sharing Plan assets move in 2022? ▼
Premier Magnesia LLC Savings and Profit Sharing Plan declined sharply - down 18.4% during 2022, from $29M to $24M. Reported net income was -$5M.
How have Premier Magnesia LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Premier Magnesia LLC's sponsor-wide assets grew 40.2%, from $24M to $33M.
Where does Premier Magnesia LLC Savings and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Premier Magnesia LLC Savings and Profit Sharing Plan ranks in the 80th 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 Premier Magnesia LLC Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Flory Industries, Inc. Profit Sharing 401(k) Plan in CA ($24M, 343 participants).
Which 401(k) plans cover a similar participant headcount to Premier Magnesia LLC Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bakersfield Heart Hospital 401(k) Plan in CA (447 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 522295483.

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.