401(k) · DOL Form 5500 · 2023

MAGTEK 401(k) Plan

Data updated 2026-08-25

$97M
Total assets Below avg plan size
147
Participants Small participant base
91st
Percentile by assets National rank
$660,200
Avg per participant High balance/head
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Official DOL plan name: Magtek Profit Sharing/401(k) Plan · Sponsored by MAGTEK · California · Manufacturing

$97M in assets, 147 participants

MAGTEK's Magtek Profit Sharing/401(k) Plan reported $97M in total assets and 147 participants in its 2023 DOL Form 5500 filing, ranking in the 91st 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.

  • #16,200 in Manufacturing (18,722 peers)

Coverage in California

Magtek Profit Sharing/401(k) Plan covers 147 participants in California, about 23% of the average California filer (state average ~630 per filing). Assets: $97M.

#16,200
in Manufacturing (18,722 peers)
+9.8%
assets growth YoY
1.0×
vs typical plan assets (national mean)

Magtek Profit Sharing/401(k) Plan's outsized position by total assets

Magtek Profit Sharing/401(k) Plan vs every filed plan by assets

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

$97,049,433 Top 9% higher than 91% 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

Magtek Profit Sharing/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. Magtek Profit Sharing/401(k) Plan sits mid-pack in the medium band (147 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magtek Profit Sharing/401(k) Plan reported net income rose from -$26M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Magtek Profit Sharing/401(k) Plan end-of-year assets rose from $88M in the plan year 2022 filing to $97M in the plan year 2023 filing.
  • Magtek Profit Sharing/401(k) Plan reported participants fell from 160 in the plan year 2022 filing to 147 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 952774055 · MAGTEK PY 2023 · 401(k)

Magtek Profit Sharing/401(k) Plan · $97M · 147 · 91st

  • BOY $97M
  • SCH 147
  • EBSA 91st
  • PART 401(k)
  • TYPE near Withers Bergman LLP Section 401(k) Profit Sharing Plan
  • NET ind #16200

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 California →

Magtek Profit Sharing/401(k) Plan in the asset neighbourhood

Maxim Crane Works LP 401(k) PlanMaxim Crane Works LP 401(k) …$97MDayton-Heidelberg/Ohio Valley Wine 401(k) PlanDayton-Heidelberg/Ohio Valle…$97MWithers Bergman LLP Section 401(k) Profit Sharing PlanWithers Bergman LLP Section …$97MMagtek Profit Sharing/401(k) PlanMagtek Profit Sharing/401(k)…$97MPacific Retirement Services, Inc. 401(k) PlanPacific Retirement Services,…$97M
End-of-year total assets ($M) among Magtek Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$88M
Net Assets (End of Year)$97M
Net Income$9M
Employer EIN952774055
Plan Effective Date1980-06-30
Filing StatusFILING RECEIVED

Sponsor Plan History (MAGTEK)

Sponsor-wide plan assets over time

All MAGTEK plans reported in each filing year

Latest sponsor-wide plan assets
$105M 18.808762860811626% vs 2022
2024 filing year
$85M$90M$95M$100M$105M$110M 202220232024 $88.4M $105M ▲ +18.8%
Year Plans Participants Total Assets
2022 1 160 $88M
2023 1 147 $97M
2024 1 149 $105M

Nearby 401(k) Plans in California

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

Magtek Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Magtek Profit Sharing/401(k) Plan, Total assets ($B): 0.097049433 · Participants: 147Magtek Profit Sharing/401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Magtek Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Magtek Profit Sharing/401(k) Plan side-by-side with 3 peers →

Magtek Profit Sharing/401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Withers Bergman LLP Section 401(k) Profit Sharing Plan in CT ($97M); by covered participants it is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants). Same-state nearby plans are listed separately above.

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 Magtek Profit Sharing/401(k) Plan assets move in 2023? ▼
Magtek Profit Sharing/401(k) Plan grew at a solid clip - up 9.8% during 2023, from $88M to $97M. Reported net income was $9M.
How have MAGTEK plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), MAGTEK's sponsor-wide assets grew 18.8%, from $88M to $105M.
Where does Magtek Profit Sharing/401(k) Plan rank by assets among Form 5500 filers? ▼
Magtek Profit Sharing/401(k) Plan ranks in the 91st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Magtek Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Withers Bergman LLP Section 401(k) Profit Sharing Plan in CT ($97M, 287 participants).
Which 401(k) plans cover a similar participant headcount to Magtek Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Chalmers Development Corporation Dba Spire Integrated Solutions 401(k) Plan in NE (147 participants, $7M 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 952774055.

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.