401(k) · DOL Form 5500 · 2023

US Magnesium LLC 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
139
Participants Small participant base
83rd
Percentile by assets National rank
$287,023
Avg per participant High balance/head
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Official DOL plan name: US Magnesium LLC Salaried Pension and 401(k) Plan · Sponsored by US Magnesium LLC · Utah · Manufacturing

$40M in assets, 139 participants

US Magnesium LLC's US Magnesium LLC Salaried Pension and 401(k) Plan reported $40M in total assets and 139 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #14,209 in Manufacturing (18,722 peers)

Coverage in Utah

US Magnesium LLC Salaried Pension and 401(k) Plan covers 139 participants in Utah, about 23% of the average Utah filer (state average ~592 per filing). Assets: $40M.

#14,209
in Manufacturing (18,722 peers)
+7.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

US Magnesium LLC Salaried Pension and 401(k) Plan's outsized position by total assets

US Magnesium LLC Salaried Pension and 401(k) Plan vs every filed plan by assets

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

$39,896,231 Top 17% higher than 83% 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

US Magnesium LLC Salaried Pension and 401(k) 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. US Magnesium LLC Salaried Pension and 401(k) Plan sits mid-pack in the medium band (139 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • US Magnesium LLC Salaried Pension and 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • US Magnesium LLC Salaried Pension and 401(k) Plan end-of-year assets rose from $37M in the plan year 2022 filing to $40M in the plan year 2023 filing.
  • US Magnesium LLC Salaried Pension and 401(k) Plan reported participants fell from 145 in the plan year 2022 filing to 139 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 010705446 · US Magnesium LLC PY 2023 · 401(k)

US Magnesium LLC Salaried Pension and 401(k) Plan · $40M · 139 · 83rd

  • TYPE $40M
  • NET 139
  • BOOK 83rd
  • VS-ST 401(k)
  • BOY near Epsilon Systems Solutions, Inc. 401(k) Plan
  • SCH ind #14209

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 Utah →

US Magnesium LLC Salaried Pension and 401(k) Plan in the asset neighbourhood

The 401(k) Profit Sharing Plan and Trust of Christensen Oconnor Johnson Kindness PLLCThe 401(k) Profit Sharing Pl…$40MUS Magnesium LLC Salaried Pension and 401(k) PlanUS Magnesium LLC Salaried Pe…$40MEpsilon Systems Solutions, Inc. 401(k) PlanEpsilon Systems Solutions, I…$40MHeartland, LLC 401(k) Plan$40MProfit Sharing and Retirement Plan of Smith Haughey, Rice and Roegge, P.C.Profit Sharing and Retiremen…$40M
End-of-year total assets ($M) among US Magnesium LLC Salaried Pension and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$40M
Net Income$2M
Employer EIN010705446
Plan Effective Date1989-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (US Magnesium LLC)

Sponsor-wide plan assets over time

All US Magnesium LLC plans reported in each filing year

Latest sponsor-wide plan assets
$66M 18.495045563043472% vs 2022
2024 filing year
$60M$65M$70M$75M$80M$85M 202220232024 $80.5M $65.6M ▼ -18.5%
Year Plans Participants Total Assets
2022 3 487 $80M
2023 3 371 $76M
2024 3 309 $66M

Nearby 401(k) Plans in Utah

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

US Magnesium LLC Salaried Pension and 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants US Magnesium LLC Salaried Pension and 401(k) Plan, Total assets ($B): 0.039896231 · Participants: 139US Magnesium LLC Salaried Pension and 401(k) PlanIntermountain Healthcare Savings Plus 401(k) Plan, Total assets ($B): 6.015479 · Participants: 46680Intermountain Healthcare Savings Plus 401(k) PlanDeseret 401(k) Plan, Total assets ($B): 5.481729272 · Participants: 24292Deseret 401(k) PlanZions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan, Total assets ($B): 1.662904822 · Participants: 10088Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership PlanSkywest, Inc. Employees' Retirement Plan, Total assets ($B): 1.192769515 · Participants: 15411Skywest, Inc. Employees' Retirement PlanAutoliv Asp, Inc. Employee Savings and Investment Plan, Total assets ($B): 0.633594695 · Participants: 4537Autoliv Asp, Inc. Employee Savings and Investment Plan
US Magnesium LLC Salaried Pension and 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare US Magnesium LLC Salaried Pension and 401(k) Plan side-by-side with 3 peers →

US Magnesium LLC Salaried Pension and 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Utah, the nearest 401(k) by assets is Epsilon Systems Solutions, Inc. 401(k) Plan in CA ($40M); by covered participants it is Daman Products Company, Inc. 401(k) and Profit Sharing Plan in IN (139 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (139 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 US Magnesium LLC Salaried Pension and 401(k) Plan assets move in 2023? ▼
US Magnesium LLC Salaried Pension and 401(k) Plan grew at a solid clip - up 7.1% during 2023, from $37M to $40M. Reported net income was $2M.
How have US Magnesium LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), US Magnesium LLC's sponsor-wide assets declined 18.5%, from $80M to $66M.
Where does US Magnesium LLC Salaried Pension and 401(k) Plan rank by assets among Form 5500 filers? ▼
US Magnesium LLC Salaried Pension and 401(k) Plan ranks in the 83rd 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 US Magnesium LLC Salaried Pension and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Epsilon Systems Solutions, Inc. 401(k) Plan in CA ($40M, 1,037 participants).
Which 401(k) plans cover a similar participant headcount to US Magnesium LLC Salaried Pension and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Daman Products Company, Inc. 401(k) and Profit Sharing Plan in IN (139 participants, N/A 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 010705446.

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.