401(k) · DOL Form 5500 · 2023

Industrial Magnetics, Inc. 401(k) Plan

Data updated 2026-08-25

$27M
Total assets Below avg plan size
220
Participants Below avg headcount
78th
Percentile by assets National rank
$122,672
Avg per participant Near avg balance/head
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Official DOL plan name: Imi Holding Corporation 401(k) Profit Sharing Plan · Sponsored by Industrial Magnetics, Inc. · Michigan · Manufacturing

$27M in assets, 220 participants

Industrial Magnetics, Inc.'s Imi Holding Corporation 401(k) Profit Sharing Plan reported $27M in total assets and 220 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #12,906 in Manufacturing (18,722 peers)

Coverage in Michigan

Imi Holding Corporation 401(k) Profit Sharing Plan covers 220 participants in Michigan, about 34% of the average Michigan filer (state average ~638 per filing). Assets: $27M.

#12,906
in Manufacturing (18,722 peers)
+18.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Imi Holding Corporation 401(k) Profit Sharing Plan's outsized position by total assets

Imi Holding Corporation 401(k) Profit Sharing Plan vs every filed plan by assets

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

$26,987,901 Top 22% higher than 78% 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

Imi Holding Corporation 401(k) Profit Sharing 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. Imi Holding Corporation 401(k) Profit Sharing Plan sits mid-pack in the medium band (220 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Imi Holding Corporation 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Imi Holding Corporation 401(k) Profit Sharing Plan end-of-year assets rose from $23M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Imi Holding Corporation 401(k) Profit Sharing Plan reported participants rose from 208 in the plan year 2022 filing to 220 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 381684048 · Industrial Magnetics, Inc. PY 2023 · 401(k)

Imi Holding Corporation 401(k) Profit Sharing Plan · $27M · 220 · 78th

  • IND $27M
  • IND 220
  • IND 78th
  • IND 401(k)
  • IND near Bastrop Bancshares, Inc. ESOP with 401(k) Provisions
  • IND ind #12906

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 Michigan →

Imi Holding Corporation 401(k) Profit Sharing Plan in the asset neighbourhood

Imi Holding Corporation 401(k) Profit Sharing PlanImi Holding Corporation 401(…$27MBastrop Bancshares, Inc. ESOP with 401(k) ProvisionsBastrop Bancshares, Inc. ESO…$27MVerico Technology LLC 401(k) PlanVerico Technology LLC 401(k)…$27MAgence France-Presse 401(k) Profit Sharing PlanAgence France-Presse 401(k) …$27MPrayon, Inc. 401(k) and Profit Incentive PlanPrayon, Inc. 401(k) and Prof…$27M
End-of-year total assets ($M) among Imi Holding Corporation 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Michigan filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$27M
Net Income$4M
Employer EIN381684048
Plan Effective Date1973-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Industrial Magnetics, Inc.)

Sponsor-wide plan assets over time

All Industrial Magnetics, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$29M 26.103370825701617% vs 2022
2024 filing year
$22M$24M$26M$28M$30M 202220232024 $22.7M $28.6M ▲ +26.1%
Year Plans Participants Total Assets
2022 1 208 $23M
2023 1 220 $27M
2024 1 220 $29M

Nearby 401(k) Plans in Michigan

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

Imi Holding Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Imi Holding Corporation 401(k) Profit Sharing Plan, Total assets ($B): 0.026987901 · Participants: 220Imi Holding Corporation 401(k) Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Imi Holding Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Imi Holding Corporation 401(k) Profit Sharing Plan side-by-side with 3 peers →

Imi Holding Corporation 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Bastrop Bancshares, Inc. ESOP with 401(k) Provisions in TX ($27M); by covered participants it is Dennelisse Corporation 401(k) Plan in NY (220 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (220 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 Imi Holding Corporation 401(k) Profit Sharing Plan assets move in 2023? ▼
Imi Holding Corporation 401(k) Profit Sharing Plan grew sharply - up 18.8% during 2023, from $23M to $27M. Reported net income was $4M.
How have Industrial Magnetics, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Magnetics, Inc.'s sponsor-wide assets grew 26.1%, from $23M to $29M.
Where does Imi Holding Corporation 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Imi Holding Corporation 401(k) Profit Sharing Plan ranks in the 78th 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 Imi Holding Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bastrop Bancshares, Inc. ESOP with 401(k) Provisions in TX ($27M, 121 participants).
Which 401(k) plans cover a similar participant headcount to Imi Holding Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dennelisse Corporation 401(k) Plan in NY (220 participants, $1M 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 381684048.

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.