401(k) · DOL Form 5500 · 2023

Magnum Electric, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
244
Participants Below avg headcount
61st
Percentile by assets National rank
$45,474
Avg per participant Low balance/head
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Official DOL plan name: Magnum Electric 401(k) Profit Sharing Plan · Sponsored by Magnum Electric, Inc. · North Dakota · Construction

$11M in assets, 244 participants

Magnum Electric, Inc.'s Magnum Electric 401(k) Profit Sharing Plan reported $11M in total assets and 244 participants in its 2023 DOL Form 5500 filing, ranking in the 61st 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.

  • #5,348 in Construction (9,030 peers)

Coverage in North Dakota

Magnum Electric 401(k) Profit Sharing Plan covers 244 participants in North Dakota, about 48% of the average North Dakota filer (state average ~504 per filing). Assets: $11M.

#5,348
in Construction (9,030 peers)
+25.3%
assets growth YoY

Magnum Electric 401(k) Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Magnum Electric 401(k) Profit Sharing Plan vs every filed plan by assets

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

$11,095,606 Top 39% higher than 61% 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 Electric 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. Magnum Electric 401(k) Profit Sharing Plan sits mid-pack in the medium band (244 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnum Electric 401(k) Profit Sharing Plan reported net income rose from -$794K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Magnum Electric 401(k) Profit Sharing Plan end-of-year assets rose from $9M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Magnum Electric 401(k) Profit Sharing Plan reported participants rose from 232 in the plan year 2022 filing to 244 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 411633269 · Magnum Electric, Inc. PY 2023 · 401(k)

Magnum Electric 401(k) Profit Sharing Plan · $11M · 244 · 61st

  • VS-ST $11M
  • BOY 244
  • SCH 61st
  • EBSA 401(k)
  • PART near 403(b) Thrift Plan for Employees of Evelyn Rubenstein Jewish Community Center of Houston, Texas
  • TYPE ind #5348

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 Construction retirement plans → · Plans in North Dakota →

Magnum Electric 401(k) Profit Sharing Plan in the asset neighbourhood

Magnum Electric 401(k) Profit Sharing PlanMagnum Electric 401(k) Profi…$11M403(b) Thrift Plan for Employees of Evelyn Rubenstein Jewish Community Center of Houston, Texas403(b) Thrift Plan for Emplo…$11MEnvironmental Design & Reseach, PC 401(k) PlanEnvironmental Design & Resea…$11MVerdier Eye Center PLC 401(k) Profit Sharing PlanVerdier Eye Center PLC 401(k…$11MBumble 401(k) Retirement Plan$11M
End-of-year total assets ($M) among Magnum Electric 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Dakota filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN411633269
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnum Electric, Inc.)

Sponsor-wide plan assets over time

All Magnum Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 51.21843337746699% vs 2022
2024 filing year
$8M$10M$12M$14M 202220232024 $8.86M $13.4M ▲ +51.1%
Year Plans Participants Total Assets
2022 1 232 $9M
2023 1 244 $11M
2024 1 276 $13M

Nearby 401(k) Plans in North Dakota

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

Magnum Electric 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Magnum Electric 401(k) Profit Sharing Plan, Total assets ($B): 0.011095606 · Participants: 244Magnum Electric 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.110361496 · Participants: 30495Sanford Retirement Savings PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.829880488 · Participants: 8551Mdu Resources Group, Inc. 401(k) Retirement PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.7412361 · Participants: 5269Knife River Corporation 401(k) Retirement PlanDakotas Areawide IBEW-NECA Savings and Retirement Plan, Total assets ($B): 0.521170291 · Participants: 3853Dakotas Areawide IBEW-NECA Savings and Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.512524705 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing Plan
Magnum Electric 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Magnum Electric 401(k) Profit Sharing Plan side-by-side with 3 peers →

Magnum Electric 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Dakota, the nearest 401(k) by assets is 403(b) Thrift Plan for Employees of Evelyn Rubenstein Jewish Community Center of Houston, Texas in TX ($11M); by covered participants it is Color Image Apparel, Inc. 401(k) Profit Sharing Plan B in CA (244 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (244 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 Electric 401(k) Profit Sharing Plan assets move in 2023? ▼
Magnum Electric 401(k) Profit Sharing Plan grew sharply - up 25.3% during 2023, from $9M to $11M. Reported net income was $2M.
How have Magnum Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnum Electric, Inc.'s sponsor-wide assets grew 51.2%, from $9M to $13M.
Which 401(k) plans are similar in size to Magnum Electric 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is 403(b) Thrift Plan for Employees of Evelyn Rubenstein Jewish Community Center of Houston, Texas in TX ($11M, 339 participants).
Which 401(k) plans cover a similar participant headcount to Magnum Electric 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Color Image Apparel, Inc. 401(k) Profit Sharing Plan B in CA (244 participants, $3M 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 411633269.

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.