401(k) · DOL Form 5500 · 2023
Magid Glove & Safety Manufacturing Company, LLC 401(k) Plan
Data updated 2026-08-25
- $54M
- Total assets Below avg plan size
- 674
- Participants Below avg headcount
- 86th
- Percentile by assets National rank
- $80,431
- Avg per participant Below avg balance/head
Official DOL plan name: Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan · Sponsored by Magid Glove & Safety Manufacturing Company, LLC · Illinois · Manufacturing
$54M in assets, 674 participants
Magid Glove & Safety Manufacturing Company, LLC's Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported $54M in total assets and 674 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.
- #15,006 in Manufacturing (18,722 peers)
Where Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits by assets
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $54M for 674 participants (~$80,431/participant), up 16.1% in 2023.
- #15,006
- in Manufacturing (18,722 peers)
- +16.1%
- assets growth YoY
- 0.5×
- vs typical plan assets (national mean)
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan's outsized position by total assets
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$54,210,161 Top 14% higher than 86% 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
Magid Glove and Safety Manufacturing Company, LLC 401(k) and 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. Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits mid-pack in the medium band (674 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported net income rose from -$12M in the plan year 2022 filing to $8M in the plan year 2023 filing.
- Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan end-of-year assets rose from $47M in the plan year 2022 filing to $54M in the plan year 2023 filing.
- Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported participants rose from 659 in the plan year 2022 filing to 674 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 364057654 · Magid Glove & Safety Manufacturing Company, LLC PY 2023 · 401(k)
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan · $54M · 674 · 86th
- IND $54M
- EOY 674
- 5500 86th
- ASSETS 401(k)
- PCT near Burns Engineering, Inc. 401(k) Profit Sharing Plan
- EIN ind #15006
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 →
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $47M |
|---|---|
| Net Assets (End of Year) | $54M |
| Net Income | $8M |
| Employer EIN | 364057654 |
| Plan Effective Date | 1996-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magid Glove & Safety Manufacturing Company, LLC)
Sponsor-wide plan assets over time
All Magid Glove & Safety Manufacturing Company, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $60M 28.744983505428713% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 659 | $47M |
| 2023 | 1 | 674 | $54M |
| 2024 | 1 | 693 | $60M |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Burns Engineering, Inc. 401(k) Profit Sharing Plan in PA ($54M); by covered participants it is Toa (USA) 401(k) Plan in IN (674 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($54M here).
- Burns Engineering, Inc. 401(k) Profit Sharing Plan (PA) $54M · 294
- Progressive Ae Flexible Compensation Plan (MI) $54M · 257
- Coushatta Tribe 401(k) Savings Plan (LA) $54M · 1,544
- Ohio Gastroenterology Group Inc 401(k) Plan (OH) $54M · 260
Similar participant headcount
Nearest other-state filings by covered participants (674 participants); asset peers above are excluded.
- Toa (USA) 401(k) Plan (IN) 674 · 0 off
- Venezia Transport Service, Inc. Savings and Protection Plan (PA) 674 · 0 off
- Acorn Engineering Company, Inc. 401(k) Plan (CA) 674 · 0 off
- The College of Healthcare Professions 401(k) Plan (TX) 674 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.