401(k) · DOL Form 5500 · 2023

Max Grigsby Company, Inc. 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets: 152
Participants Small participant base: 52nd
Percentile by assets National rank: $48,414
Avg per participant Low balance/head

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Official DOL plan name: Mgc, Inc. 401(k) Plan · Sponsored by Max Grigsby Company, Inc. · Texas · Construction

$7M in assets, 152 participants

Max Grigsby Company, Inc.'s Mgc, Inc. 401(k) Plan reported $7M in total assets and 152 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

#4,545 in Construction (9,030 peers)

Coverage in Texas

Mgc, Inc. 401(k) Plan covers 152 participants in Texas, about 22% of the average Texas filer (state average ~688 per filing). Assets: $7M.

#4,545
in Construction (9,030 peers): +19.6%
assets growth YoY

Mgc, Inc. 401(k) Plan's mid-pack asset rank among Construction and all filers

Mgc, Inc. 401(k) Plan vs every filed plan by assets

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

$7,358,933 Top 48% higher than 52% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Mgc, Inc. 401(k) Plan 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. Mgc, Inc. 401(k) Plan sits mid-pack in the medium band (152 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Mgc, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
Mgc, Inc. 401(k) Plan end-of-year assets rose from $6M in the plan year 2022 filing to $7M in the plan year 2023 filing.
Mgc, Inc. 401(k) Plan reported participants rose from 129 in the plan year 2022 filing to 152 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 741781826 · Max Grigsby Company, Inc. PY 2023 · 401(k)

Mgc, Inc. 401(k) Plan · $7M · 152 · 52nd

ASSETS $7M
PCT 152
EIN 52nd
RANK 401(k)
PHOTO near Common Ground Healthcare Retirement Plan
IND ind #4545

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 Construction retirement plans → · Plans in Texas →

End-of-year total assets ($M) among Mgc, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)	$6M
Net Assets (End of Year)	$7M
Net Income	$1M
Employer EIN	741781826
Plan Effective Date	1997-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Max Grigsby Company, Inc.)

Latest sponsor-wide plan assets: $15M 142.2521782950777% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	129	$6M
2023	2	283	$9M
2024	2	276	$15M

Nearby 401(k) Plans in Texas

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

Mgc, Inc. 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants

AT&T Retirement Savings Plan $40.0B · 119,854
Exxonmobil Savings Plan $21.9B · 23,477
Caterpillar 401(k) Savings Plan $16.5B · 41,679
American Airlines, Inc. 401(k) Plan $14.7B · 88,792
Dell Inc. 401(k) Plan $13.5B · 45,686

Compare Mgc, Inc. 401(k) Plan side-by-side with 3 peers →

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

Outside Texas, the nearest 401(k) by assets is Common Ground Healthcare Retirement Plan in WI ($7M); by covered participants it is Rapid Financial Services, LLC 401(k) Retirement Plan in MD (152 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($7M here).

Common Ground Healthcare Retirement Plan (WI) $7M · 102
Crestek Deferred Savings Plan Fka Crest Uthe Deferred Savings Plan (NJ) $7M · 132
Highmark Companies 401(k) Profit Sharing Plan and Trust (NC) $7M · 74
Navios Savings Plan (NY) $7M · 8

Similar participant headcount

Nearest other-state filings by covered participants (152 participants); asset peers above are excluded.

Rapid Financial Services, LLC 401(k) Retirement Plan (MD) 152 · 0 off
Unitex Union 401(k) Plan (NY) 152 · 0 off
American Converters, Inc. Retirement Savings Plan (MN) 152 · 0 off
Rockford Manufacturing Company Savings Plan (TN) 152 · 0 off

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 Mgc, Inc. 401(k) Plan assets move in 2023? ▼

Mgc, Inc. 401(k) Plan grew sharply - up 19.6% during 2023, from $6M to $7M. Reported net income was $1M.

How have Max Grigsby Company, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Max Grigsby Company, Inc.'s sponsor-wide assets grew 142.3%, from $6M to $15M.

Which 401(k) plans are similar in size to Mgc, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Common Ground Healthcare Retirement Plan in WI ($7M, 102 participants).

Which 401(k) plans cover a similar participant headcount to Mgc, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Rapid Financial Services, LLC 401(k) Retirement Plan in MD (152 participants, $8M 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 741781826.