401(k) · DOL Form 5500 · 2023

Magneco/Metrel, Inc 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
114
Participants Small participant base
77th
Percentile by assets National rank
$224,476
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Magneco Metrel, Inc. 401(k) Plan and Trust · Sponsored by Magneco/Metrel, Inc · Illinois · Manufacturing

$26M in assets, 114 participants

Magneco/Metrel, Inc's Magneco Metrel, Inc. 401(k) Plan and Trust reported $26M in total assets and 114 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,720 in Manufacturing (18,722 peers)

Coverage in Illinois

Magneco Metrel, Inc. 401(k) Plan and Trust covers 114 participants in Illinois, about 15% of the average Illinois filer (state average ~779 per filing). Assets: $26M.

#12,720
in Manufacturing (18,722 peers)
+22.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Magneco Metrel, Inc. 401(k) Plan and Trust's outsized position by total assets

Magneco Metrel, Inc. 401(k) Plan and Trust vs every filed plan by assets

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

$25,590,228 Top 23% higher than 77% 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

Magneco Metrel, Inc. 401(k) Plan and Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magneco Metrel, Inc. 401(k) Plan and Trust sits mid-pack in the medium band (114 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magneco Metrel, Inc. 401(k) Plan and Trust reported net income rose from -$4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Magneco Metrel, Inc. 401(k) Plan and Trust reported participants rose from 64 in the plan year 2022 filing to 114 in the plan year 2023 filing.
  • Magneco Metrel, Inc. 401(k) Plan and Trust end-of-year assets rose from $21M in the plan year 2022 filing to $26M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 341191723 · Magneco/Metrel, Inc PY 2023 · 401(k)

Magneco Metrel, Inc. 401(k) Plan and Trust · $26M · 114 · 77th

  • PHOTO $26M
  • IND 114
  • EOY 77th
  • 5500 401(k)
  • ASSETS near Pea Group 401(k) & Profit Sharing Plan
  • PCT ind #12720

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 →

Magneco Metrel, Inc. 401(k) Plan and Trust in the asset neighbourhood

Magneco Metrel, Inc. 401(k) Plan and TrustMagneco Metrel, Inc. 401(k) …$26MPea Group 401(k) & Profit Sharing PlanPea Group 401(k) & Profit Sh…$26MT. a. Loving Company 401(k) Retirement PlanT. a. Loving Company 401(k) …$26MGlobal Tbm Company Retirement Savings PlanGlobal Tbm Company Retiremen…$26MClow Stamping Company 401(k) PlanClow Stamping Company 401(k)…$26M
End-of-year total assets ($M) among Magneco Metrel, Inc. 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$21M
Net Assets (End of Year)$26M
Net Income$5M
Employer EIN341191723
Plan Effective Date1978-05-18
Filing StatusFILING RECEIVED

Sponsor Plan History (Magneco/Metrel, Inc)

Sponsor-wide plan assets over time

All Magneco/Metrel, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$29M 38.57270180005951% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $20.9M $28.9M ▲ +38.5%
Year Plans Participants Total Assets
2022 1 64 $21M
2023 1 114 $26M
2024 1 138 $29M

Nearby 401(k) Plans in Illinois

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

Magneco Metrel, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Magneco Metrel, Inc. 401(k) Plan and Trust, Total assets ($B): 0.025590228 · Participants: 114Magneco Metrel, Inc. 401(k) Plan and TrustAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Magneco Metrel, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Magneco Metrel, Inc. 401(k) Plan and Trust side-by-side with 3 peers →

Magneco Metrel, Inc. 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Pea Group 401(k) & Profit Sharing Plan in MI ($26M); by covered participants it is Austin Medical Center 403b Plan in MN (114 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($26M here).

Similar participant headcount

Nearest other-state filings by covered participants (114 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 Magneco Metrel, Inc. 401(k) Plan and Trust assets move in 2023? ▼
Magneco Metrel, Inc. 401(k) Plan and Trust grew sharply - up 22.7% during 2023, from $21M to $26M. Reported net income was $5M.
How have Magneco/Metrel, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magneco/Metrel, Inc's sponsor-wide assets grew 38.6%, from $21M to $29M.
Where does Magneco Metrel, Inc. 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Magneco Metrel, Inc. 401(k) Plan and Trust ranks in the 77th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Magneco Metrel, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Pea Group 401(k) & Profit Sharing Plan in MI ($26M, 171 participants).
Which 401(k) plans cover a similar participant headcount to Magneco Metrel, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Austin Medical Center 403b Plan in MN (114 participants, N/A 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 341191723.

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.