401(k) · DOL Form 5500 · 2023

Magnum Magnetics Corporation 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
177
Participants Small participant base
56th
Percentile by assets National rank
$49,537
Avg per participant Low balance/head
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Official DOL plan name: Magnum Magnetics Retirement Savings Plan · Sponsored by Magnum Magnetics Corporation · Ohio · Manufacturing

$9M in assets, 177 participants

Magnum Magnetics Corporation's Magnum Magnetics Retirement Savings Plan reported $9M in total assets and 177 participants in its 2023 DOL Form 5500 filing, ranking in the 56th 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.

  • #7,731 in Manufacturing (18,722 peers)

Coverage in Ohio

Magnum Magnetics Retirement Savings Plan covers 177 participants in Ohio, about 23% of the average Ohio filer (state average ~765 per filing). Assets: $9M.

#7,731
in Manufacturing (18,722 peers)
+22.1%
assets growth YoY

Magnum Magnetics Retirement Savings Plan's mid-pack asset rank among Manufacturing and all filers

Magnum Magnetics Retirement Savings Plan vs every filed plan by assets

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

$8,767,966 Top 44% higher than 56% 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

Magnum Magnetics 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. Magnum Magnetics Retirement Savings Plan sits mid-pack in the medium band (177 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnum Magnetics Retirement Savings Plan reported net income rose from -$889K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Magnum Magnetics Retirement Savings Plan end-of-year assets rose from $7M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Magnum Magnetics Retirement Savings Plan reported participants rose from 155 in the plan year 2022 filing to 177 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 311333777 · Magnum Magnetics Corporation PY 2023 · 401(k)

Magnum Magnetics Retirement Savings Plan · $9M · 177 · 56th

  • ASSETS $9M
  • ASSETS 177
  • ASSETS 56th
  • ASSETS 401(k)
  • ASSETS near Energy Management Professionals LLC 401(k) Profit Sharing Plan
  • ASSETS ind #7731

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 →

Magnum Magnetics Retirement Savings Plan in the asset neighbourhood

Magnum Magnetics Retirement Savings PlanMagnum Magnetics Retirement …$9MEnergy Management Professionals LLC 401(k) Profit Sharing PlanEnergy Management Profession…$9MDennis Uniform Manufacturing LLC Profit Sharing 401(k) PlanDennis Uniform Manufacturing…$9MFedchoice Federal Credit Union 401(k) Plan & TrustFedchoice Federal Credit Uni…$9MJma Solutions, LLC 401(k) PlanJma Solutions, LLC 401(k) Pl…$9M
End-of-year total assets ($M) among Magnum Magnetics Retirement Savings 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)$9M
Net Income$2M
Employer EIN311333777
Plan Effective Date1996-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnum Magnetics Corporation)

Sponsor-wide plan assets over time

All Magnum Magnetics Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$11M 49.02709068247009% vs 2022
2024 filing year
$6M$8M$10M$12M 202220232024 $7.18M $10.7M ▲ +49.0%
Year Plans Participants Total Assets
2022 1 155 $7M
2023 1 177 $9M
2024 1 180 $11M

Nearby 401(k) Plans in Ohio

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

Magnum Magnetics Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Magnum Magnetics Retirement Savings Plan, Total assets ($B): 0.008767966 · Participants: 177Magnum Magnetics Retirement Savings 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
Magnum Magnetics Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Magnum Magnetics Retirement Savings Plan side-by-side with 3 peers →

Magnum Magnetics Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Energy Management Professionals LLC 401(k) Profit Sharing Plan in CT ($9M); by covered participants it is Purolite 401(k) Plan in PA (177 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (177 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 Magnum Magnetics Retirement Savings Plan assets move in 2023? ▼
Magnum Magnetics Retirement Savings Plan grew sharply - up 22.1% during 2023, from $7M to $9M. Reported net income was $2M.
How have Magnum Magnetics Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnum Magnetics Corporation's sponsor-wide assets grew 49.0%, from $7M to $11M.
Which 401(k) plans are similar in size to Magnum Magnetics Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Energy Management Professionals LLC 401(k) Profit Sharing Plan in CT ($9M, 184 participants).
Which 401(k) plans cover a similar participant headcount to Magnum Magnetics Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Purolite 401(k) Plan in PA (177 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 311333777.

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.