401(k) · DOL Form 5500 · 2023

Mcgee Corporation 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
121
Participants Small participant base
54th
Percentile by assets National rank
$67,819
Avg per participant Below avg balance/head
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Official DOL plan name: Savings Plan for the Employees of Mcgee Corporation · Sponsored by Mcgee Corporation · North Carolina · Manufacturing

$8M in assets, 121 participants

Mcgee Corporation's Savings Plan for the Employees of Mcgee Corporation reported $8M in total assets and 121 participants in its 2023 DOL Form 5500 filing, ranking in the 54th 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.

  • #7,405 in Manufacturing (18,722 peers)

Coverage in North Carolina

Savings Plan for the Employees of Mcgee Corporation covers 121 participants in North Carolina, about 15% of the average North Carolina filer (state average ~819 per filing). Assets: $8M.

#7,405
in Manufacturing (18,722 peers)
+28.2%
assets growth YoY

Savings Plan for the Employees of Mcgee Corporation's mid-pack asset rank among Manufacturing and all filers

Savings Plan for the Employees of Mcgee Corporation vs every filed plan by assets

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

$8,206,131 Top 46% higher than 54% 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

Savings Plan for the Employees of Mcgee Corporation 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. Savings Plan for the Employees of Mcgee Corporation sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Savings Plan for the Employees of Mcgee Corporation reported net income rose from -$880K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Savings Plan for the Employees of Mcgee Corporation end-of-year assets rose from $6M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Savings Plan for the Employees of Mcgee Corporation reported participants rose from 115 in the plan year 2022 filing to 121 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 560505320 · Mcgee Corporation PY 2023 · 401(k)

Savings Plan for the Employees of Mcgee Corporation · $8M · 121 · 54th

  • EOY $8M
  • 5500 121
  • ASSETS 54th
  • PCT 401(k)
  • EIN near Dorsch Ford 401(k) Profit Sharing Plan
  • RANK ind #7405

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 North Carolina →

Savings Plan for the Employees of Mcgee Corporation in the asset neighbourhood

Savings Plan for the Employees of Mcgee CorporationSavings Plan for the Employe…$8MDorsch Ford 401(k) Profit Sharing PlanDorsch Ford 401(k) Profit Sh…$8MFountain Trust Company Savings and Retirement PlanFountain Trust Company Savin…$8MPlattner, Schneidman & Schneider, P. C. Savings/Retirement Plan and TrustPlattner, Schneidman & Schne…$8MFarmington Foods, Inc. Profit Sharing and Savings PlanFarmington Foods, Inc. Profi…$8M
End-of-year total assets ($M) among Savings Plan for the Employees of Mcgee Corporation and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$6M
Net Assets (End of Year)$8M
Net Income$2M
Employer EIN560505320
Plan Effective Date1993-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mcgee Corporation)

Sponsor-wide plan assets over time

All Mcgee Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$8M 28.273751744778004% vs 2022
2024 filing year
$6M$7M$8M$9M 202220232024 $6.4M $8.21M ▲ +28.3%
Year Plans Participants Total Assets
2022 1 115 $6M
2023 1 121 $8M
2024 1 133 $8M

Nearby 401(k) Plans in North Carolina

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

Savings Plan for the Employees of Mcgee Corporation vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Savings Plan for the Employees of Mcgee Corporation, Total assets ($B): 0.008206131 · Participants: 121Savings Plan for the Employees of Mcgee CorporationThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Savings Plan for the Employees of Mcgee Corporation vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Savings Plan for the Employees of Mcgee Corporation side-by-side with 3 peers →

Savings Plan for the Employees of Mcgee Corporation's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Dorsch Ford 401(k) Profit Sharing Plan in WI ($8M); by covered participants it is Redwood School & Rehabilitation Center, Inc. 401(k) Plan in OH (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Savings Plan for the Employees of Mcgee Corporation assets move in 2023? ▼
Savings Plan for the Employees of Mcgee Corporation grew sharply - up 28.2% during 2023, from $6M to $8M. Reported net income was $2M.
How have Mcgee Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mcgee Corporation's sponsor-wide assets grew 28.3%, from $6M to $8M.
Which 401(k) plans are similar in size to Savings Plan for the Employees of Mcgee Corporation? ▼
Among 401(k) plans in other states, the closest by assets is Dorsch Ford 401(k) Profit Sharing Plan in WI ($8M, 172 participants).
Which 401(k) plans cover a similar participant headcount to Savings Plan for the Employees of Mcgee Corporation? ▼
Among 401(k) plans in other states, the closest by covered participants is Redwood School & Rehabilitation Center, Inc. 401(k) Plan in OH (121 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 560505320.

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.