401(k) · DOL Form 5500 · 2023

Premier Magnesia LLC 401(k) Plan

Data updated 2026-08-25

$30M
Total assets Below avg plan size
455
Participants Below avg headcount
79th
Percentile by assets National rank
$65,454
Avg per participant Low balance/head
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Official DOL plan name: Premier Magnesia LLC Savings and Profit Sharing Plan · Sponsored by Premier Magnesia LLC · North Carolina · Manufacturing

$30M in assets, 455 participants

Premier Magnesia LLC's Premier Magnesia LLC Savings and Profit Sharing Plan reported $30M in total assets and 455 participants in its 2023 DOL Form 5500 filing, ranking in the 79th 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.

  • #13,282 in Manufacturing (18,722 peers)

Where Premier Magnesia LLC Savings and Profit Sharing Plan sits by assets

Premier Magnesia LLC Savings and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $30M for 455 participants (~$65,454/participant), up 26.7% in 2023.

#13,282
in Manufacturing (18,722 peers)
+26.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Premier Magnesia LLC Savings and Profit Sharing Plan's outsized position by total assets

Premier Magnesia LLC Savings and Profit Sharing Plan vs every filed plan by assets

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

$29,781,760 Top 21% higher than 79% 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

Premier Magnesia LLC Savings and 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. Premier Magnesia LLC Savings and Profit Sharing Plan sits mid-pack in the medium band (455 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Premier Magnesia LLC Savings and Profit Sharing Plan reported net income rose from -$5M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Premier Magnesia LLC Savings and Profit Sharing Plan end-of-year assets rose from $24M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • Premier Magnesia LLC Savings and Profit Sharing Plan reported participants rose from 447 in the plan year 2022 filing to 455 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 522295483 · Premier Magnesia LLC PY 2023 · 401(k)

Premier Magnesia LLC Savings and Profit Sharing Plan · $30M · 455 · 79th

  • EBSA $30M
  • PART 455
  • TYPE 79th
  • NET 401(k)
  • BOOK near Teco 401(k) Plan and Trust
  • VS-ST ind #13282

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 →

Premier Magnesia LLC Savings and Profit Sharing Plan in the asset neighbourhood

Premier Magnesia LLC Savings and Profit Sharing PlanPremier Magnesia LLC Savings…$30MTeco 401(k) Plan and Trust$30MGopher Resource, LLC Tax Deferred Savings Plan & TrustGopher Resource, LLC Tax Def…$30MHanna Holdings, Inc. 401(k) PlanHanna Holdings, Inc. 401(k) …$30MMaxon Industries 401(k) Plan$30M
End-of-year total assets ($M) among Premier Magnesia LLC Savings and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$30M
Net Income$6M
Employer EIN522295483
Plan Effective Date2001-04-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Premier Magnesia LLC)

Sponsor-wide plan assets over time

All Premier Magnesia LLC plans reported in each filing year

Latest sponsor-wide plan assets
$33M 40.16383029119955% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $23.5M $33M ▲ +40.2%
Year Plans Participants Total Assets
2022 1 447 $24M
2023 1 455 $30M
2024 1 471 $33M

Nearby 401(k) Plans in North Carolina

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

Premier Magnesia LLC Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Premier Magnesia LLC Savings and Profit Sharing Plan, Total assets ($B): 0.02978176 · Participants: 455Premier Magnesia LLC Savings and Profit Sharing PlanThe 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
Premier Magnesia LLC Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Premier Magnesia LLC Savings and Profit Sharing Plan side-by-side with 3 peers →

Premier Magnesia LLC Savings and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Teco 401(k) Plan and Trust in TX ($30M); by covered participants it is Dewey Services, Inc. Retirement Savings Plan in CA (455 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($30M here).

Similar participant headcount

Nearest other-state filings by covered participants (455 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 Premier Magnesia LLC Savings and Profit Sharing Plan assets move in 2023? ▼
Premier Magnesia LLC Savings and Profit Sharing Plan grew sharply - up 26.7% during 2023, from $24M to $30M. Reported net income was $6M.
How have Premier Magnesia LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Premier Magnesia LLC's sponsor-wide assets grew 40.2%, from $24M to $33M.
Where does Premier Magnesia LLC Savings and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Premier Magnesia LLC Savings and Profit Sharing Plan ranks in the 79th 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 Premier Magnesia LLC Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Teco 401(k) Plan and Trust in TX ($30M, 90 participants).
Which 401(k) plans cover a similar participant headcount to Premier Magnesia LLC Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dewey Services, Inc. Retirement Savings Plan in CA (455 participants, $21M 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 522295483.

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.