401(k) · DOL Form 5500 · 2023
Magnesium Products of America, Inc. 401(k) Plan
Data updated 2026-08-25
- $28M
- Total assets Below avg plan size
- 339
- Participants Below avg headcount
- 78th
- Percentile by assets National rank
- $83,463
- Avg per participant Below avg balance/head
Official DOL plan name: Magnesium Products of America, Inc. Retirement Savings Plan · Sponsored by Magnesium Products of America, Inc. · Michigan · Manufacturing
$28M in assets, 339 participants
Magnesium Products of America, Inc.'s Magnesium Products of America, Inc. Retirement Savings Plan reported $28M in total assets and 339 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.
- #13,111 in Manufacturing (18,722 peers)
Where Magnesium Products of America, Inc. Retirement Savings Plan sits by assets
Magnesium Products of America, Inc. Retirement Savings Plan sits in the top quartile of all filed plans by assets, $28M for 339 participants (~$83,463/participant), up 9.8% in 2023.
- #13,111
- in Manufacturing (18,722 peers)
- +9.8%
- assets growth YoY
- 0.3×
- vs typical plan assets (national mean)
Magnesium Products of America, Inc. Retirement Savings Plan's outsized position by total assets
Magnesium Products of America, Inc. Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$28,293,865 Top 22% higher than 78% 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
Magnesium Products of America, Inc. Retirement Savings 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. Magnesium Products of America, Inc. Retirement Savings Plan sits mid-pack in the medium band (339 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Magnesium Products of America, Inc. Retirement Savings Plan reported net income rose from -$9M in the plan year 2022 filing to $3M in the plan year 2023 filing.
- Magnesium Products of America, Inc. Retirement Savings Plan end-of-year assets rose from $26M in the plan year 2022 filing to $28M in the plan year 2023 filing.
- Magnesium Products of America, Inc. Retirement Savings Plan reported participants fell from 357 in the plan year 2022 filing to 339 in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 383088065 · Magnesium Products of America, Inc. PY 2023 · 401(k)
Magnesium Products of America, Inc. Retirement Savings Plan · $28M · 339 · 78th
- RANK $28M
- RANK 339
- RANK 78th
- RANK 401(k)
- RANK near Melinta Therapeutics 401(k) Plan
- RANK ind #13111
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 →
Magnesium Products of America, Inc. Retirement Savings Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $26M |
|---|---|
| Net Assets (End of Year) | $28M |
| Net Income | $3M |
| Employer EIN | 383088065 |
| Plan Effective Date | 1994-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magnesium Products of America, Inc.)
Sponsor-wide plan assets over time
All Magnesium Products of America, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $31M 18.8493781166079% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 357 | $26M |
| 2023 | 1 | 339 | $28M |
| 2024 | 1 | 355 | $31M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $20.4B · 47,299
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $15.6B · 30,516
- The Dow Chemical Company Employees' Savings Plan $10.1B · 18,088
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $8.6B · 40,393
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $7.6B · 59,195
Magnesium Products of America, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Melinta Therapeutics 401(k) Plan in IL ($28M); by covered participants it is Simply Storage Management , LLC 401(k) Plan in FL (339 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($28M here).
- Melinta Therapeutics 401(k) Plan (IL) $28M · 134
- Ruston Paving Co., Inc. Employees 401(k) Plan (NC) $28M · 151
- Cs Wind America 401(k) Plan (CO) $28M · 585
- Oem Controls, Inc. Profit Sharing Plan (CT) $28M · 184
Similar participant headcount
Nearest other-state filings by covered participants (339 participants); asset peers above are excluded.
- Simply Storage Management , LLC 401(k) Plan (FL) 339 · 0 off
- Location Services, LLC Dba Pathfinder Services 401(k) Plan (IN) 339 · 0 off
- Techsource, Inc. 401(k) Profit Sharing Plan (NM) 339 · 0 off
- G.E. Foodland Retirement Plan (TX) 339 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.