401(k) · DOL Form 5500 · 2023

Magnet, LLC 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
304
Participants Below avg headcount
69th
Percentile by assets National rank
$54,344
Avg per participant Low balance/head
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Official DOL plan name: The Magnet Group 401(k) Benefit Plan · Sponsored by Magnet, LLC · Missouri · Manufacturing

$17M in assets, 304 participants

Magnet, LLC's The Magnet Group 401(k) Benefit Plan reported $17M in total assets and 304 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #10,870 in Manufacturing (18,722 peers)

Coverage in Missouri

The Magnet Group 401(k) Benefit Plan covers 304 participants in Missouri, about 41% of the average Missouri filer (state average ~737 per filing). Assets: $17M.

#10,870
in Manufacturing (18,722 peers)
+16.5%
assets growth YoY

The Magnet Group 401(k) Benefit Plan's outsized position by total assets

The Magnet Group 401(k) Benefit Plan vs every filed plan by assets

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

$16,520,724 Top 31% higher than 69% 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

The Magnet Group 401(k) Benefit 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. The Magnet Group 401(k) Benefit Plan sits mid-pack in the medium band (304 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Magnet Group 401(k) Benefit Plan reported net income rose from -$3M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • The Magnet Group 401(k) Benefit Plan end-of-year assets rose from $14M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • The Magnet Group 401(k) Benefit Plan reported participants rose from 278 in the plan year 2022 filing to 304 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 431794043 · Magnet, LLC PY 2023 · 401(k)

The Magnet Group 401(k) Benefit Plan · $17M · 304 · 69th

  • SCH $17M
  • EBSA 304
  • PART 69th
  • TYPE 401(k)
  • NET near Airshare 401(k) Plan
  • BOOK ind #10870

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 Missouri →

The Magnet Group 401(k) Benefit Plan in the asset neighbourhood

The Magnet Group 401(k) Benefit PlanThe Magnet Group 401(k) Bene…$17MAirshare 401(k) Plan$17MIredale Cosmetics, Inc. 401(k) PlanIredale Cosmetics, Inc. 401(…$17MOregon Education Association 401(k) PlanOregon Education Association…$17MRedpath USA Corporation 401(k) PlanRedpath USA Corporation 401(…$17M
End-of-year total assets ($M) among The Magnet Group 401(k) Benefit Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Missouri filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$17M
Net Income$2M
Employer EIN431794043
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnet, LLC)

Sponsor-wide plan assets over time

All Magnet, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$18M 26.44872069441419% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $14.2M $17.9M ▲ +26.4%
Year Plans Participants Total Assets
2022 1 278 $14M
2023 1 304 $17M
2024 1 314 $18M

Nearby 401(k) Plans in Missouri

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

The Magnet Group 401(k) Benefit Plan vs. nearby 401(k) plans in Missouri, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants The Magnet Group 401(k) Benefit Plan, Total assets ($B): 0.016520724 · Participants: 304The Magnet Group 401(k) Benefit PlanEdward D. Jones & Co. Profit Sharing and 401(k) Plan, Total assets ($B): 10.594991308 · Participants: 49944Edward D. Jones & Co. Profit Sharing and 401(k) PlanBayer Corporation Savings and Retirement Plan, Total assets ($B): 10.333863661 · Participants: 19273Bayer Corporation Savings and Retirement PlanEnterprise Holdings Retirement Savings Plan, Total assets ($B): 5.607728879 · Participants: 66210Enterprise Holdings Retirement Savings PlanCentene Management Corporation Retirement Plan, Total assets ($B): 4.047068199 · Participants: 53822Centene Management Corporation Retirement PlanEmerson Electric Company Employee Savings Investment Plan, Total assets ($B): 3.563332746 · Participants: 10316Emerson Electric Company Employee Savings Investment Plan
The Magnet Group 401(k) Benefit Plan vs. nearby 401(k) plans in Missouri, assets vs. participants
Compare The Magnet Group 401(k) Benefit Plan side-by-side with 3 peers →

The Magnet Group 401(k) Benefit Plan's out-of-state 401(k) peers by assets and headcount

Outside Missouri, the nearest 401(k) by assets is Airshare 401(k) Plan in KS ($17M); by covered participants it is Kemba Financial Credit Union, Inc. 401(k) Profit Sharing Plan in OH (304 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($17M here).

Similar participant headcount

Nearest other-state filings by covered participants (304 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 The Magnet Group 401(k) Benefit Plan assets move in 2023? ▼
The Magnet Group 401(k) Benefit Plan grew sharply - up 16.5% during 2023, from $14M to $17M. Reported net income was $2M.
How have Magnet, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnet, LLC's sponsor-wide assets grew 26.4%, from $14M to $18M.
Which 401(k) plans are similar in size to The Magnet Group 401(k) Benefit Plan? ▼
Among 401(k) plans in other states, the closest by assets is Airshare 401(k) Plan in KS ($17M, 244 participants).
Which 401(k) plans cover a similar participant headcount to The Magnet Group 401(k) Benefit Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Kemba Financial Credit Union, Inc. 401(k) Profit Sharing Plan in OH (304 participants, $27M 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 431794043.

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.