401(k) · DOL Form 5500 · 2023

Magna Machine Co. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
144
Participants Small participant base
53rd
Percentile by assets National rank
$54,474
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Magna Machine Co. 401(k) Plan · Sponsored by Magna Machine Co. · Ohio · Manufacturing

$8M in assets, 144 participants

Magna Machine Co.'s Magna Machine Co. 401(k) Plan reported $8M in total assets and 144 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #7,185 in Manufacturing (18,722 peers)

Coverage in Ohio

Magna Machine Co. 401(k) Plan covers 144 participants in Ohio, about 19% of the average Ohio filer (state average ~765 per filing). Assets: $8M.

#7,185
in Manufacturing (18,722 peers)
+12.4%
assets growth YoY

Magna Machine Co. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Magna Machine Co. 401(k) Plan vs every filed plan by assets

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

$7,844,312 Top 47% higher than 53% 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

Magna Machine Co. 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. Magna Machine Co. 401(k) Plan sits mid-pack in the medium band (144 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magna Machine Co. 401(k) Plan reported net income rose from -$635K in the plan year 2022 filing to $868K in the plan year 2023 filing.
  • Magna Machine Co. 401(k) Plan end-of-year assets rose from $7M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Magna Machine Co. 401(k) Plan reported participants fell from 152 in the plan year 2022 filing to 144 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 310559326 · Magna Machine Co. PY 2023 · 401(k)

Magna Machine Co. 401(k) Plan · $8M · 144 · 53rd

  • IND $8M
  • EOY 144
  • 5500 53rd
  • ASSETS 401(k)
  • PCT near Gammon & Grange, P.C. 401(k) Profit Sharing Plan
  • EIN ind #7185

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 Ohio →

Magna Machine Co. 401(k) Plan in the asset neighbourhood

Magna Machine Co. 401(k) Plan$8MGammon & Grange, P.C. 401(k) Profit Sharing PlanGammon & Grange, P.C. 401(k)…$8MDrata Inc. 401(k) Plan$8MWestern Wahkiakum County Telephone Co. 401(k) PlanWestern Wahkiakum County Tel…$8MArrow Fabricated Tubing, Inc. 401(k) Profit Sharing PlanArrow Fabricated Tubing, Inc…$8M
End-of-year total assets ($M) among Magna Machine Co. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$7M
Net Assets (End of Year)$8M
Net Income$868K
Employer EIN310559326
Plan Effective Date1963-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magna Machine Co.)

Sponsor-wide plan assets over time

All Magna Machine Co. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 20.33223770398285% vs 2022
2024 filing year
$6.5M$7M$7.5M$8M$8.5M$9M 202220232024 $6.98M $8.4M ▲ +20.3%
Year Plans Participants Total Assets
2022 1 152 $7M
2023 1 144 $8M
2024 1 141 $8M

Nearby 401(k) Plans in Ohio

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

Magna Machine Co. 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Magna Machine Co. 401(k) Plan, Total assets ($B): 0.007844312 · Participants: 144Magna Machine Co. 401(k) PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Magna Machine Co. 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Magna Machine Co. 401(k) Plan side-by-side with 3 peers →

Magna Machine Co. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Gammon & Grange, P.C. 401(k) Profit Sharing Plan in VA ($8M); by covered participants it is Eagle Granite 401(k) Plan in GA (144 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (144 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 Magna Machine Co. 401(k) Plan assets move in 2023? ▼
Magna Machine Co. 401(k) Plan grew at a solid clip - up 12.4% during 2023, from $7M to $8M. Reported net income was $868K.
How have Magna Machine Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magna Machine Co.'s sponsor-wide assets grew 20.3%, from $7M to $8M.
Which 401(k) plans are similar in size to Magna Machine Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gammon & Grange, P.C. 401(k) Profit Sharing Plan in VA ($8M, 14 participants).
Which 401(k) plans cover a similar participant headcount to Magna Machine Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Eagle Granite 401(k) Plan in GA (144 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 310559326.

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.