401(k) · DOL Form 5500 · 2023

Manufacturing Advocacy & Growth Network 401(k) Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
46
Participants Small participant base
46th
Percentile by assets National rank
$119,836
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Magnet 401(k) Retirement Savings Plan · Sponsored by Manufacturing Advocacy & Growth Network · Ohio · Professional & Technical Services

$6M in assets, 46 participants

Manufacturing Advocacy & Growth Network's Magnet 401(k) Retirement Savings Plan reported $6M in total assets and 46 participants in its 2023 DOL Form 5500 filing, ranking in the 46th 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.

  • #8,985 in Professional & Technical Services (20,321 peers)

Manufacturing Advocacy & Growth Network multi-year trail

Manufacturing Advocacy & Growth Network's plans moved +37.9% in assets from 2022 to 2024; this filing shows Magnet 401(k) Retirement Savings Plan at $6M / 46 participants.

#8,985
in Professional & Technical Services (20,321 peers)
+7.6%
assets growth YoY

Magnet 401(k) Retirement Savings Plan's mid-pack asset rank among Professional & Technical Services and all filers

Magnet 401(k) Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,512,448 46th percentile higher than 46% of 127,068 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 2023

Magnet 401(k) Retirement Savings Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magnet 401(k) Retirement Savings Plan is a small filing (46 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnet 401(k) Retirement Savings Plan reported net income rose from -$605K in the plan year 2022 filing to $389K in the plan year 2023 filing.
  • Magnet 401(k) Retirement Savings Plan reported participants fell from 50 in the plan year 2022 filing to 46 in the plan year 2023 filing.
  • Magnet 401(k) Retirement Savings Plan end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 341455043 · Manufacturing Advocacy & Growth Network PY 2023 · 401(k)

Magnet 401(k) Retirement Savings Plan · $6M · 46 · 46th

  • VS-ST $6M
  • VS-ST 46
  • VS-ST 46th
  • VS-ST 401(k)
  • VS-ST near Northern Stainless Corporation 401(k) Salary Savings Plan
  • VS-ST ind #8985

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 Professional & Technical Services retirement plans → · Plans in Ohio →

Magnet 401(k) Retirement Savings Plan in the asset neighbourhood

Magnet 401(k) Retirement Savings PlanMagnet 401(k) Retirement Sav…$6MNorthern Stainless Corporation 401(k) Salary Savings PlanNorthern Stainless Corporati…$6MMaine State Credit Union 401(k) Plan and TrustMaine State Credit Union 401…$6MBelair Builders, Inc. 401(k) Profit Sharing PlanBelair Builders, Inc. 401(k)…$6MReuland Electric 401(k) Plan$6M
End-of-year total assets ($M) among Magnet 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Manufacturing Advocacy & Growth Network multi-year asset trail

Sponsor-wide plan assets over time

All Manufacturing Advocacy & Growth Network plans reported in each filing year

Latest sponsor-wide plan assets
$7M 37.88250439328208% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $5.12M $7.06M ▲ +37.9%
Year Plans Participants Total Assets
2022 1 50 $5M
2023 1 46 $6M
2024 1 56 $7M

Manufacturing Advocacy & Growth Network filing trail (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$389K
Employer EIN341455043
Plan Effective Date2016-10-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Ohio

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

Magnet 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Magnet 401(k) Retirement Savings Plan, Total assets ($B): 0.005512448 · Participants: 46Magnet 401(k) Retirement Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Magnet 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Magnet 401(k) Retirement Savings Plan side-by-side with 3 peers →

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

Outside Ohio, the nearest 401(k) by assets is Northern Stainless Corporation 401(k) Salary Savings Plan in WI ($6M); by covered participants it is Carmel Mountain Preschool, Inc. Ct 401(k) Profit Sharing Plan in CA (46 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (46 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Magnet 401(k) Retirement Savings Plan assets move in 2023? ▼
Magnet 401(k) Retirement Savings Plan grew at a solid clip - up 7.6% during 2023, from $5M to $6M. Reported net income was $389K.
How have Manufacturing Advocacy & Growth Network plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Manufacturing Advocacy & Growth Network's sponsor-wide assets grew 37.9%, from $5M to $7M.
Which 401(k) plans are similar in size to Magnet 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Northern Stainless Corporation 401(k) Salary Savings Plan in WI ($6M, 60 participants).
Which 401(k) plans cover a similar participant headcount to Magnet 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Carmel Mountain Preschool, Inc. Ct 401(k) Profit Sharing Plan in CA (46 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 341455043.

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.