401(k) · DOL Form 5500 · 2023

Magna Health Systems, LLC 401(k) Plan

Data updated 2026-08-25

$7M
Total assets Small plan by assets
138
Participants Small participant base
52nd
Percentile by assets National rank
$53,621
Avg per participant Low balance/head
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Official DOL plan name: Magna Health Systems, LLC 401(k) Plan · Sponsored by Magna Health Systems, LLC · Illinois · Healthcare & Social Assistance

$7M in assets, 138 participants

Magna Health Systems, LLC's Magna Health Systems, LLC 401(k) Plan reported $7M in total assets and 138 participants in its 2023 DOL Form 5500 filing, ranking in the 52nd 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.

  • #10,162 in Healthcare & Social Assistance (17,684 peers)

Coverage in Illinois

Magna Health Systems, LLC 401(k) Plan covers 138 participants in Illinois, about 18% of the average Illinois filer (state average ~779 per filing). Assets: $7M.

#10,162
in Healthcare & Social Assistance (17,684 peers)
-9.5%
assets change YoY

The plan reported a net loss of $773K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magna Health Systems, LLC 401(k) Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Magna Health Systems, LLC 401(k) Plan vs every filed plan by assets

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

$7,399,654 Top 48% higher than 52% 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 Health Systems, LLC 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 Health Systems, LLC 401(k) Plan sits mid-pack in the medium band (138 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magna Health Systems, LLC 401(k) Plan reported net income rose from -$855K in the plan year 2022 filing to -$773K in the plan year 2023 filing.
  • Magna Health Systems, LLC 401(k) Plan end-of-year assets fell from $8M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Magna Health Systems, LLC 401(k) Plan reported participants rose from 128 in the plan year 2022 filing to 138 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 364180953 · Magna Health Systems, LLC PY 2023 · 401(k)

Magna Health Systems, LLC 401(k) Plan · $7M · 138 · 52nd

  • IND $7M
  • EOY 138
  • 5500 52nd
  • ASSETS 401(k)
  • PCT near Gecko Robotics, Inc. 401(k) Plan
  • EIN ind #10162

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 Healthcare & Social Assistance retirement plans → · Plans in Illinois →

Magna Health Systems, LLC 401(k) Plan in the asset neighbourhood

Magna Health Systems, LLC 401(k) PlanMagna Health Systems, LLC 40…$7MGecko Robotics, Inc. 401(k) PlanGecko Robotics, Inc. 401(k) …$7MTimberline Bancorporation 401(k) PlanTimberline Bancorporation 40…$7MManhattan Surgical Hospital, LLC Profit Sharing/401(k) Plan and TrustManhattan Surgical Hospital,…$7MRoger's Gardens 401(k) Profit Sharing PlanRoger's Gardens 401(k) Profi…$7M
End-of-year total assets ($M) among Magna Health Systems, LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$773K
Employer EIN364180953
Plan Effective Date1991-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magna Health Systems, LLC)

Sponsor-wide plan assets over time

All Magna Health Systems, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$6M 29.82128651827901% vs 2022
2024 filing year
$5M$6M$7M$8M$9M 202220232024 $8.17M $5.74M ▼ -29.7%
Year Plans Participants Total Assets
2022 1 128 $8M
2023 1 138 $7M
2024 1 159 $6M

Nearby 401(k) Plans in Illinois

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

Magna Health Systems, LLC 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Magna Health Systems, LLC 401(k) Plan, Total assets ($B): 0.007399654 · Participants: 138Magna Health Systems, LLC 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Magna Health Systems, LLC 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Magna Health Systems, LLC 401(k) Plan side-by-side with 3 peers →

Magna Health Systems, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Gecko Robotics, Inc. 401(k) Plan in PA ($7M); by covered participants it is Pmt Group, Inc. Profit Sharing 401(k) Plan in CT (138 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (138 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 Health Systems, LLC 401(k) Plan assets move in 2023? ▼
Magna Health Systems, LLC 401(k) Plan pulled back noticeably - down 9.5% during 2023, from $8M to $7M. Reported net income was -$773K.
How have Magna Health Systems, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magna Health Systems, LLC's sponsor-wide assets declined 29.8%, from $8M to $6M.
Which 401(k) plans are similar in size to Magna Health Systems, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gecko Robotics, Inc. 401(k) Plan in PA ($7M, 185 participants).
Which 401(k) plans cover a similar participant headcount to Magna Health Systems, LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pmt Group, Inc. Profit Sharing 401(k) Plan in CT (138 participants, $28M 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 364180953.

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.