Profit Sharing · DOL Form 5500 · 2023

Magnetic Shield Corporation Profit Sharing Plan

Data updated 2026-08-25

$6M
Total assets Small plan by assets
17
Participants Small participant base
49th
Percentile by assets National rank
$366,746
Avg per participant High balance/head
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Official DOL plan name: Magnetic Shield Corporation Profit Sharing Plan · Sponsored by Magnetic Shield Corporation · Illinois · Manufacturing

$6M in assets, 17 participants

Magnetic Shield Corporation's Magnetic Shield Corporation Profit Sharing Plan reported $6M in total assets and 17 participants in its 2023 DOL Form 5500 filing, ranking in the 49th 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.

  • #6,087 in Manufacturing (18,722 peers)

Magnetic Shield Corporation multi-year trail

Magnetic Shield Corporation's plans moved +59.9% in assets from 2022 to 2024; this filing shows Magnetic Shield Corporation Profit Sharing Plan at $6M / 17 participants.

#6,087
in Manufacturing (18,722 peers)
+32.1%
assets growth YoY

Magnetic Shield Corporation Profit Sharing Plan's mid-pack asset rank among Manufacturing and all filers

Magnetic Shield Corporation Profit Sharing Plan vs every filed plan by assets

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

$6,234,676 49th percentile higher than 49% 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

Magnetic Shield Corporation Profit Sharing 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. Magnetic Shield Corporation Profit Sharing Plan is a small filing (17 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnetic Shield Corporation Profit Sharing Plan reported net income rose from -$1M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Magnetic Shield Corporation Profit Sharing Plan end-of-year assets rose from $5M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Magnetic Shield Corporation Profit Sharing Plan reported participants rose from 13 in the plan year 2022 filing to 17 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 361615298 · Magnetic Shield Corporation PY 2023 · Profit Sharing

Magnetic Shield Corporation Profit Sharing Plan · $6M · 17 · 49th

  • PCT $6M
  • EIN 17
  • RANK 49th
  • PHOTO Profit Sharing
  • IND near Fowler State Bank Profit Sharing Plan
  • EOY ind #6087

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 Illinois →

Magnetic Shield Corporation Profit Sharing Plan in the asset neighbourhood

A.E. Fleming Co Inc. Profit Sharing Plan and TrustA.E. Fleming Co Inc. Profit …$6MJ. W. Jones Lumber Company, Inc. PlanJ. W. Jones Lumber Company, …$6MMagnetic Shield Corporation Profit Sharing PlanMagnetic Shield Corporation …$6MFowler State Bank Profit Sharing PlanFowler State Bank Profit Sha…$6MCo-Op 401(k) Plan$6M
End-of-year total assets ($M) among Magnetic Shield Corporation Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Magnetic Shield Corporation multi-year asset trail

Sponsor-wide plan assets over time

All Magnetic Shield Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$8M 59.896859265509875% vs 2022
2024 filing year
$4M$5M$6M$7M$8M 202220232024 $4.72M $7.55M ▲ +60.0%
Year Plans Participants Total Assets
2022 1 13 $5M
2023 1 17 $6M
2024 1 19 $8M

Magnetic Shield Corporation filing trail (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$6M
Net Income$2M
Employer EIN361615298
Plan Effective Date1973-01-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in Illinois

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

Magnetic Shield Corporation Profit Sharing Plan vs. nearby Profit Sharing plans in Illinois, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -101234 Total assets ($B) Participants Magnetic Shield Corporation Profit Sharing Plan, Total assets ($B): 0.006234676 · Participants: 17Magnetic Shield Corporation Profit Sharing PlanW. W. Grainger, Inc. Retirement Savings Plan, Total assets ($B): 3.454274218 · Participants: 18524W. W. Grainger, Inc. Retirement Savings PlanElectrical Contractors Assoc. of the City of Chgo Union 134, IBEW Joint Pension Trust of Chgo Plan 5, Total assets ($B): 3.245353634 · Participants: 23108Electrical Contractors Assoc. of the City of Chgo Union 134, IBEW Joint Pension Trust of Chgo Plan 5Mcmaster-Carr Supply Company Profit Sharing Trust, Total assets ($B): 2.733520068 · Participants: 4366Mcmaster-Carr Supply Company Profit Sharing TrustMid-America Carpenters Regional Council Supplemental Retirement Plan, Total assets ($B): 1.788799198 · Participants: 16214Mid-America Carpenters Regional Council Supplemental Retirement PlanCarle Foundation Hospital and Affiliates Matching Tsa Plan, Total assets ($B): 1.173752843 · Participants: 15604Carle Foundation Hospital and Affiliates Matching Tsa Plan
Magnetic Shield Corporation Profit Sharing Plan vs. nearby Profit Sharing plans in Illinois, assets vs. participants
Compare Magnetic Shield Corporation Profit Sharing Plan side-by-side with 3 peers →

Magnetic Shield Corporation Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Illinois, the nearest Profit Sharing by assets is Fowler State Bank Profit Sharing Plan in IN ($6M); by covered participants it is Aunt Charlottes Candies Inc Profit Sharing Plan in NJ (17 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($6M here).

Similar participant headcount

Nearest other-state filings by covered participants (17 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 Magnetic Shield Corporation Profit Sharing Plan assets move in 2023? ▼
Magnetic Shield Corporation Profit Sharing Plan surged - up 32.1% during 2023, from $5M to $6M. Reported net income was $2M.
How have Magnetic Shield Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnetic Shield Corporation's sponsor-wide assets grew 59.9%, from $5M to $8M.
Which Profit Sharing plans are similar in size to Magnetic Shield Corporation Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Fowler State Bank Profit Sharing Plan in IN ($6M, 35 participants).
Which Profit Sharing plans cover a similar participant headcount to Magnetic Shield Corporation Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Aunt Charlottes Candies Inc Profit Sharing Plan in NJ (17 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 361615298.

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.