Profit Sharing · DOL Form 5500 · 2022

Magichal Velocity Inc. Profit Sharing Plan

Data updated 2026-08-25

$310K
Total assets Small plan by assets
3
Participants Small participant base
14th
Percentile by assets National rank
$103,499
Avg per participant Below avg balance/head
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Official DOL plan name: Magichal Velocity Inc. Retirement Plan · Sponsored by Magichal Velocity Inc. · New York · Other Services

$310K in assets, 3 participants

Magichal Velocity Inc.'s Magichal Velocity Inc. Retirement Plan reported $310K in total assets and 3 participants in its 2022 DOL Form 5500 filing, ranking in the 14th 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.

  • #2,555 in Other Services (8,398 peers)

What the 2022 filing shows

Magichal Velocity Inc. Retirement Plan holds $310K for 3 participants - about $103,499 per participant, among the smaller plans by assets on file.

#2,555
in Other Services (8,398 peers)
-6.5%
assets change YoY

The plan reported a net loss of $22K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magichal Velocity Inc. Retirement Plan among the smaller filed plans by assets

Magichal Velocity Inc. Retirement Plan vs every filed plan by assets

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

$310,498 14th percentile higher than 14% 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

Magichal Velocity Inc. Retirement Plan among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magichal Velocity Inc. Retirement Plan is a micro filing (3 participants), the leftmost band.

Plan-year Form 5500 strip

Filing strip 473935542 · Magichal Velocity Inc. PY 2022 · Profit Sharing

Magichal Velocity Inc. Retirement Plan · $310K · 3 · 14th

  • EIN $310K
  • RANK 3
  • PHOTO 14th
  • IND Profit Sharing
  • EOY near You Made Me Inc. Retirement Plan
  • 5500 ind #2555

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 Other Services retirement plans → · Plans in New York →

Magichal Velocity Inc. Retirement Plan in the asset neighbourhood

Magichal Velocity Inc. Retirement PlanMagichal Velocity Inc. Retir…$310KYou Made Me Inc. Retirement PlanYou Made Me Inc. Retirement …$311KTocura Healthcare Staffing Inc. Retirement PlanTocura Healthcare Staffing I…$310KNorthwest Development Co Inc Profit Sharing PlanNorthwest Development Co Inc…$311KCapital Phones Inc. Profit Sharing PlanCapital Phones Inc. Profit S…$310K
End-of-year total assets ($M) among Magichal Velocity Inc. Retirement Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Filing particulars (2022)

Total Assets (Beginning of Year)$332K
Net Assets (End of Year)$310K
Net Income-$22K
Employer EIN473935542
Plan Effective Date2015-05-06
Filing StatusFILING RECEIVED

Sponsor Plan History (Magichal Velocity Inc.)

Sponsor-wide plan assets over time

All Magichal Velocity Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$328K 5.636751283422115% vs 2022
2024 filing year
$0.3M$0.32M$0.34M$0.36M 202220232024 $0.31M $0.33M ▲ +6.5%
Year Plans Participants Total Assets
2022 1 3 $310K
2023 1 3 $349K
2024 1 3 $328K

Nearby Profit Sharing Plans in New York

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Magichal Velocity Inc. Retirement Plan vs. nearby Profit Sharing plans in New York, assets vs. participants Scatter plot of 6 data points. -50000500010000150002000025000 -0.500.511.522.5 Total assets ($B) Participants Magichal Velocity Inc. Retirement Plan, Total assets ($B): 0.000310498 · Participants: 3Magichal Velocity Inc. Retirement PlanAnnuity Plan of the Electrical Industry, Total assets ($B): 1.982735962 · Participants: 19997Annuity Plan of the Electrical IndustryAnnuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO, Total assets ($B): 1.649838154 · Participants: 3494Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIOAnnuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO, Total assets ($B): 1.458865603 · Participants: 5696Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIOThe Research Foundation for Suny Retirement Plan, Total assets ($B): 1.065250862 · Participants: 11139The Research Foundation for Suny Retirement PlanMason Tenders District Council Annuity Fund, Total assets ($B): 0.836936679 · Participants: 11072Mason Tenders District Council Annuity Fund
Magichal Velocity Inc. Retirement Plan vs. nearby Profit Sharing plans in New York, assets vs. participants
Compare Magichal Velocity Inc. Retirement Plan side-by-side with 3 peers →

Magichal Velocity Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount

Outside New York, the nearest Profit Sharing by assets is You Made Me Inc. Retirement Plan in AZ ($311K); by covered participants it is Crosmac Corp. Retirement Plan in NJ (3 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3 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 Magichal Velocity Inc. Retirement Plan assets move in 2022? ▼
Magichal Velocity Inc. Retirement Plan pulled back noticeably - down 6.5% during 2022, from $332K to $310K. Reported net income was -$22K.
How have Magichal Velocity Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magichal Velocity Inc.'s sponsor-wide assets grew 5.6%, from $310K to $328K.
Where does Magichal Velocity Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Magichal Velocity Inc. Retirement Plan ranks in the 14th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Magichal Velocity Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is You Made Me Inc. Retirement Plan in AZ ($311K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Magichal Velocity Inc. Retirement Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Crosmac Corp. Retirement Plan in NJ (3 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 473935542.

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.