Defined Benefit (Pension) · DOL Form 5500 · 2023

Magnetek, Inc. Pension Plan

Data updated 2026-08-25

$100M
Total assets Near avg plan size
50
Participants Small participant base
91st
Percentile by assets National rank
$2.0M
Avg per participant High balance/head
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Official DOL plan name: Magnetek Flexcare Plus Retirement Pension Plan · Sponsored by Magnetek, Inc. · New York · Manufacturing

$100M in assets, 50 participants

Magnetek, Inc.'s Magnetek Flexcare Plus Retirement Pension Plan reported $100M in total assets and 50 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.

  • #16,260 in Manufacturing (18,722 peers)

Where Magnetek Flexcare Plus Retirement Pension Plan sits by assets

Magnetek Flexcare Plus Retirement Pension Plan sits in the top 10% of all filed plans by assets, $100M for 50 participants (~$2.0M/participant), down 0.2% in 2023.

#16,260
in Manufacturing (18,722 peers)
-0.2%
assets change YoY
1.0×
vs typical plan assets (national mean)

The plan reported a net loss of $203K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magnetek Flexcare Plus Retirement Pension Plan's outsized position by total assets

Magnetek Flexcare Plus Retirement Pension Plan vs every filed plan by assets

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

$100,492,517 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

Magnetek Flexcare Plus Retirement Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magnetek Flexcare Plus Retirement Pension Plan is a small filing (50 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnetek Flexcare Plus Retirement Pension Plan reported net income rose from -$31M in the plan year 2022 filing to -$203K in the plan year 2023 filing.
  • Magnetek Flexcare Plus Retirement Pension Plan reported participants fell from 52 in the plan year 2022 filing to 50 in the plan year 2023 filing.
  • Magnetek Flexcare Plus Retirement Pension Plan end-of-year assets fell from $101M in the plan year 2022 filing to $100M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 953917584 · Magnetek, Inc. PY 2023 · Defined Benefit (Pension)

Magnetek Flexcare Plus Retirement Pension Plan · $100M · 50 · 91st

  • RANK $100M
  • PHOTO 50
  • IND 91st
  • EOY Defined Benefit (Pension)
  • 5500 near Tower Federal Credit Union Retirement Plan
  • ASSETS ind #16260

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 New York →

Magnetek Flexcare Plus Retirement Pension Plan in the asset neighbourhood

Pension Plan for Employees of Coca-Cola Beverages Northeast, Inc.Pension Plan for Employees o…$101MDairy Farmers of America, Inc. Retirement PlanDairy Farmers of America, In…$101MMagnetek Flexcare Plus Retirement Pension PlanMagnetek Flexcare Plus Retir…$100MTower Federal Credit Union Retirement PlanTower Federal Credit Union R…$100MPhiladelphia Marine Trade Association International Longshoremen's Accociation Pension FundPhiladelphia Marine Trade As…$100M
End-of-year total assets ($M) among Magnetek Flexcare Plus Retirement Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$101M
Net Assets (End of Year)$100M
Net Income-$203K
Employer EIN953917584
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnetek, Inc.)

Sponsor-wide plan assets over time

All Magnetek, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$93M 7.365068124895275% vs 2022
2024 filing year
$90M$95M$100M$105M 202220232024 $101M $93.3M ▼ -7.4%
Year Plans Participants Total Assets
2022 1 52 $101M
2023 1 50 $100M
2024 1 47 $93M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Magnetek Flexcare Plus Retirement Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Magnetek Flexcare Plus Retirement Pension Plan, Total assets ($B): 0.100492517 · Participants: 50Magnetek Flexcare Plus Retirement Pension PlanIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
Magnetek Flexcare Plus Retirement Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Magnetek Flexcare Plus Retirement Pension Plan side-by-side with 3 peers →

Magnetek Flexcare Plus Retirement Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Tower Federal Credit Union Retirement Plan in MD ($100M); by covered participants it is Meadville Forging Company Uswa Pension Plan in PA (50 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (50 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 Magnetek Flexcare Plus Retirement Pension Plan assets move in 2023? ▼
Magnetek Flexcare Plus Retirement Pension Plan held essentially flat - down 0.2% during 2023, from $101M to $100M. Reported net income was -$203K.
How have Magnetek, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnetek, Inc.'s sponsor-wide assets declined 7.4%, from $101M to $93M.
Where does Magnetek Flexcare Plus Retirement Pension Plan rank by assets among Form 5500 filers? ▼
Magnetek Flexcare Plus Retirement Pension 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 Defined Benefit (Pension) plans are similar in size to Magnetek Flexcare Plus Retirement Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Tower Federal Credit Union Retirement Plan in MD ($100M, 420 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Magnetek Flexcare Plus Retirement Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Meadville Forging Company Uswa Pension Plan in PA (50 participants, $14M 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 953917584.

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.