401(k) · DOL Form 5500 · 2023

Frank N. Magid Associates, Inc 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets: 122
Participants Small participant base: 75th
Percentile by assets National rank: $190,588
Avg per participant Above avg balance/head

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Official DOL plan name: Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan · Sponsored by Frank N. Magid Associates, Inc · Minnesota · Professional & Technical Services

$23M in assets, 122 participants

Frank N. Magid Associates, Inc's Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan reported $23M in total assets and 122 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

#15,341 in Professional & Technical Services (20,321 peers)

Coverage in Minnesota

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan covers 122 participants in Minnesota, about 11% of the average Minnesota filer (state average ~1,126 per filing). Assets: $23M.

#15,341
in Professional & Technical Services (20,321 peers): +4.9%
assets growth YoY: 0.2×
vs typical plan assets (national mean)

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan's outsized position by total assets

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$23,251,701 Top 25% higher than 75% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Frank N. Magid Associates, Inc. 401(k) Profit Sharing 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. Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (122 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $1M in the plan year 2023 filing.
Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan reported participants rose from 107 in the plan year 2022 filing to 122 in the plan year 2023 filing.
Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $22M in the plan year 2022 filing to $23M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 420894975 · Frank N. Magid Associates, Inc PY 2023 · 401(k)

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan · $23M · 122 · 75th

PART $23M
TYPE 122
NET 75th
BOOK 401(k)
VS-ST near Century Bank 401(k) Plan
BOY ind #15341

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 Professional & Technical Services retirement plans → · Plans in Minnesota →

End-of-year total assets ($M) among Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)	$22M
Net Assets (End of Year)	$23M
Net Income	$1M
Employer EIN	420894975
Plan Effective Date	1978-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Frank N. Magid Associates, Inc)

Latest sponsor-wide plan assets: $23M 3.9916958915354788% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	107	$22M
2023	1	122	$23M
2024	1	105	$23M

Nearby 401(k) Plans in Minnesota

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

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants

Unitedhealth Group 401(k) Savings Plan $22.4B · 198,972
Target Corporation 401(k) Plan $13.0B · 432,617
Medtronic Savings and Investment Plan $12.9B · 44,342
3M Voluntary Investment Plan and Employee Stock Ownership Plan $12.0B · 36,049
U.S. Bank 401(k) Savings Plan $10.3B · 75,272

Compare Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Century Bank 401(k) Plan in NM ($23M); by covered participants it is G & L Davis Meat Co. Inc. 401(k) Plan in NY (122 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

Century Bank 401(k) Plan (NM) $23M · 136
Heartland Food Products Group 401(k) Plan (IN) $23M · 779
Lantronix 401(k) Savings Plan (CA) $23M · 171
Child Action, Inc. 401(k) Profit Sharing Plan (CA) $23M · 183

Similar participant headcount

Nearest other-state filings by covered participants (122 participants); asset peers above are excluded.

G & L Davis Meat Co. Inc. 401(k) Plan (NY) 122 · 0 off
Lurre Construction 401(k) Plan (ID) 122 · 0 off
Standard Printing Company of Canton 401(k) Profit Sharing Plan (OH) 122 · 0 off
Entrada Therapeutics 401(k) Retirement Plan (MA) 122 · 0 off

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 Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan edged up modestly - up 4.9% during 2023, from $22M to $23M. Reported net income was $1M.

How have Frank N. Magid Associates, Inc plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Frank N. Magid Associates, Inc's sponsor-wide assets grew 4.0%, from $22M to $23M.

Where does Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan ranks in the 75th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).

Which 401(k) plans are similar in size to Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by assets is Century Bank 401(k) Plan in NM ($23M, 136 participants).

Which 401(k) plans cover a similar participant headcount to Frank N. Magid Associates, Inc. 401(k) Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is G & L Davis Meat Co. Inc. 401(k) Plan in NY (122 participants, $12M 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 420894975.