401(k) · DOL Form 5500 · 2023

Magnetic Inspection Laboratory, Inc 401(k) Plan

Data updated 2026-08-25

$16M
Total assets Small plan by assets: 191
Participants Below avg headcount: 69th
Percentile by assets National rank: $85,341
Avg per participant Below avg balance/head

PlainRetire home → About this data RSS: change history

Official DOL plan name: M.I.L., Inc. 401(k) Plan · Sponsored by Magnetic Inspection Laboratory, Inc · Illinois · Manufacturing

$16M in assets, 191 participants

Magnetic Inspection Laboratory, Inc's M.I.L., Inc. 401(k) Plan reported $16M in total assets and 191 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

#10,796 in Manufacturing (18,722 peers)

Coverage in Illinois

M.I.L., Inc. 401(k) Plan covers 191 participants in Illinois, about 25% of the average Illinois filer (state average ~779 per filing). Assets: $16M.

#10,796
in Manufacturing (18,722 peers): +6.9%
assets growth YoY

M.I.L., Inc. 401(k) Plan's outsized position by total assets

M.I.L., Inc. 401(k) Plan vs every filed plan by assets

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

$16,300,176 Top 31% higher than 69% 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

M.I.L., 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. M.I.L., Inc. 401(k) Plan sits mid-pack in the medium band (191 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%)

M.I.L., Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $1M in the plan year 2023 filing.
M.I.L., Inc. 401(k) Plan reported participants rose from 141 in the plan year 2022 filing to 191 in the plan year 2023 filing.
M.I.L., Inc. 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $16M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 362814092 · Magnetic Inspection Laboratory, Inc PY 2023 · 401(k)

M.I.L., Inc. 401(k) Plan · $16M · 191 · 69th

PHOTO $16M
IND 191
EOY 69th
5500 401(k)
ASSETS near Specified Air Solutions, LLC Profit Sharing Plan
PCT ind #10796

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 →

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

Illinois filing particulars

Total Assets (Beginning of Year)	$15M
Net Assets (End of Year)	$16M
Net Income	$1M
Employer EIN	362814092
Plan Effective Date	1994-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Magnetic Inspection Laboratory, Inc)

Latest sponsor-wide plan assets: $17M 13.409383420277567% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	141	$15M
2023	1	191	$16M
2024	1	222	$17M

Nearby 401(k) Plans in Illinois

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

M.I.L., Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
State Farm 401(k) Savings Plan $16.9B · 60,246
Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
United Airlines Pilot Retirement Account Plan $14.4B · 14,959
Walgreens Retirement Savings Plan $13.4B · 235,331

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

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

Outside Illinois, the nearest 401(k) by assets is Specified Air Solutions, LLC Profit Sharing Plan in NY ($16M); by covered participants it is Cwb Holdings, Inc. 401(k) Plan in CO (191 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($16M here).

Specified Air Solutions, LLC Profit Sharing Plan (NY) $16M · 300
A-Gas US Inc. 401(k) Plan (OH) $16M · 386
Oregon Humane Society 401(k) Plan (OR) $16M · 270
Kelley Trucking Inc. 401(k) Savings Plan (CO) $16M · 154

Similar participant headcount

Nearest other-state filings by covered participants (191 participants); asset peers above are excluded.

Cwb Holdings, Inc. 401(k) Plan (CO) 191 · 0 off
Palomar Holdings, Inc. 401(k) Plan (CA) 191 · 0 off
Johanson Dielectrics, Inc. 401(k) Retirement Plan (CA) 191 · 0 off
Guaranty Service Group 401(k) Savings Plan (WI) 191 · 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 M.I.L., Inc. 401(k) Plan assets move in 2023? ▼

M.I.L., Inc. 401(k) Plan grew at a solid clip - up 6.9% during 2023, from $15M to $16M. Reported net income was $1M.

How have Magnetic Inspection Laboratory, Inc plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Magnetic Inspection Laboratory, Inc's sponsor-wide assets grew 13.4%, from $15M to $17M.

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

Among 401(k) plans in other states, the closest by assets is Specified Air Solutions, LLC Profit Sharing Plan in NY ($16M, 300 participants).

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

Among 401(k) plans in other states, the closest by covered participants is Cwb Holdings, Inc. 401(k) Plan in CO (191 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 362814092.