401(k) · DOL Form 5500 · 2023

Magnit Global Solutions, Inc. 401(k) Plan

Data updated 2026-08-25

$425M
Total assets Above avg plan size
25,954
Participants Very large workforce
97th
Percentile by assets National rank
$16,367
Avg per participant Low balance/head
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Official DOL plan name: Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings · Sponsored by Magnit Global Solutions, Inc. · California · Administrative & Support Services

$425M in assets, 25,954 participants

Magnit Global Solutions, Inc.'s Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings reported $425M in total assets and 25,954 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #4,318 in Administrative & Support Services (4,372 peers)

Coverage in California

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings covers 25,954 participants in California, 41x the typical California plan (state average ~630 per filing). Assets: $425M.

#4,318
in Administrative & Support Services (4,372 peers)
+45.6%
assets growth YoY
4.3×
vs typical plan assets (national mean)

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings's outsized position by total assets

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings vs every filed plan by assets

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

$424,778,560 Top 3% higher than 97% 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

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings is a mega filing (25,954 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings reported net income rose from -$36M in the plan year 2022 filing to $67M in the plan year 2023 filing.
  • Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings end-of-year assets rose from $292M in the plan year 2022 filing to $425M in the plan year 2023 filing.
  • Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings reported participants rose from 19,516 in the plan year 2022 filing to 25,954 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 273835632 · Magnit Global Solutions, Inc. PY 2023 · 401(k)

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings · $425M · 25,954 · 97th

  • IND $425M
  • IND 25,954
  • IND 97th
  • IND 401(k)
  • IND near Mathematica Group Holding Inc. Profit Sharing Plan
  • IND ind #4318

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 Administrative & Support Services retirement plans → · Plans in California →

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings in the asset neighbourhood

Enersys Delaware Inc. 401(k) PlanEnersys Delaware Inc. 401(k)…$425MBlue Cross and Blue Shield Association Tax-Favored Savings ProgramBlue Cross and Blue Shield A…$425MMagnit Global Solutions, Inc. and Subsidiaries 401(k) Employee SavingsMagnit Global Solutions, Inc…$425MMathematica Group Holding Inc. Profit Sharing PlanMathematica Group Holding In…$425MMaterion Corporation Retirement Savings PlanMaterion Corporation Retirem…$425M
End-of-year total assets ($M) among Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$292M
Net Assets (End of Year)$425M
Net Income$67M
Employer EIN273835632
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnit Global Solutions, Inc.)

Sponsor-wide plan assets over time

All Magnit Global Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$484M 65.98206818423101% vs 2022
2024 filing year
$200M$300M$400M$500M$600M 202220232024 $292M $484M ▲ +66.0%
Year Plans Participants Total Assets
2022 1 19,516 $292M
2023 1 25,954 $425M
2024 1 25,100 $484M

Nearby 401(k) Plans in California

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

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000200000250000 -200204060 Total assets ($B) Participants Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings, Total assets ($B): 0.42477856 · Participants: 25954Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee SavingsWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings vs. nearby 401(k) plans in California, assets vs. participants
Compare Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings side-by-side with 3 peers →

Scale composition for Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings reports $425M in end-of-year assets across 25,954 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.028% of 93,925,755 covered participants) - about $16,367 per participant (12% of the national average assets-per-participant) . Net income for plan year 2023 was $67M.

This plan identity (EIN 273835632, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $292M to $484M (+66.0%) while covered participants moved from 19,516 to 25,100 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 19,516 $292M Open filing
2023 25,954 $425M This page
2024 · index core 25,100 $484M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Mathematica Group Holding Inc. Profit Sharing Plan in NJ ($425M); by covered participants it is Bnsf Railway Company Non-Salaried Employees 401(k) Retirement Plan in TX (25,966 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (25,954 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 Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings assets move in 2023? ▼
Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings surged - up 45.6% during 2023, from $292M to $425M. Reported net income was $67M.
How have Magnit Global Solutions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnit Global Solutions, Inc.'s sponsor-wide assets grew 66.0%, from $292M to $484M.
Where does Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings rank by assets among Form 5500 filers? ▼
Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings? ▼
Among 401(k) plans in other states, the closest by assets is Mathematica Group Holding Inc. Profit Sharing Plan in NJ ($425M, 1,686 participants).
Which 401(k) plans cover a similar participant headcount to Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings? ▼
Among 401(k) plans in other states, the closest by covered participants is Bnsf Railway Company Non-Salaried Employees 401(k) Retirement Plan in TX (25,966 participants, $4.1B 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 273835632.

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.