401(k) · DOL Form 5500 · 2023

US Magnesium LLC 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
184
Participants Below avg headcount
55th
Percentile by assets National rank
$45,311
Avg per participant Low balance/head
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Official DOL plan name: US Magnesium LLC Hourly 401(k) Plan · Sponsored by US Magnesium LLC · Utah · Manufacturing

$8M in assets, 184 participants

US Magnesium LLC's US Magnesium LLC Hourly 401(k) Plan reported $8M in total assets and 184 participants in its 2023 DOL Form 5500 filing, ranking in the 55th 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.

  • #7,494 in Manufacturing (18,722 peers)

Coverage in Utah

US Magnesium LLC Hourly 401(k) Plan covers 184 participants in Utah, about 31% of the average Utah filer (state average ~592 per filing). Assets: $8M.

#7,494
in Manufacturing (18,722 peers)
-4.4%
assets change YoY

The plan reported a net loss of $202K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

US Magnesium LLC Hourly 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

US Magnesium LLC Hourly 401(k) Plan vs every filed plan by assets

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

$8,337,248 Top 45% higher than 55% 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 Hourly 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 Hourly 401(k) Plan sits mid-pack in the medium band (184 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • US Magnesium LLC Hourly 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to -$202K in the plan year 2023 filing.
  • US Magnesium LLC Hourly 401(k) Plan reported participants fell from 285 in the plan year 2022 filing to 184 in the plan year 2023 filing.
  • US Magnesium LLC Hourly 401(k) Plan end-of-year assets fell from $9M in the plan year 2022 filing to $8M 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 Hourly 401(k) Plan · $8M · 184 · 55th

  • NET $8M
  • NET 184
  • NET 55th
  • NET 401(k)
  • NET near Thornton & Summers Profit Sharing Plan
  • NET ind #7494

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 Hourly 401(k) Plan in the asset neighbourhood

US Magnesium LLC Hourly 401(k) PlanUS Magnesium LLC Hourly 401(…$8MThornton & Summers Profit Sharing PlanThornton & Summers Profit Sh…$8MDown-Lite International, Inc. Profit Sharing PlanDown-Lite International, Inc…$8MIam 401(k) Retirement Plan$8MSalon Service Group 401(k) Retirement PlanSalon Service Group 401(k) R…$8M
End-of-year total assets ($M) among US Magnesium LLC Hourly 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Utah filing particulars

Total Assets (Beginning of Year)$9M
Net Assets (End of Year)$8M
Net Income-$202K
Employer EIN010705446
Plan Effective Date1990-03-01
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 Hourly 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -202468 Total assets ($B) Participants US Magnesium LLC Hourly 401(k) Plan, Total assets ($B): 0.008337248 · Participants: 184US Magnesium LLC Hourly 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 Hourly 401(k) Plan vs. nearby 401(k) plans in Utah, assets vs. participants
Compare US Magnesium LLC Hourly 401(k) Plan side-by-side with 3 peers →

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

Outside Utah, the nearest 401(k) by assets is Thornton & Summers Profit Sharing Plan in TX ($8M); by covered participants it is Afiniti 401(k) Plan in DC (184 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (184 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 Hourly 401(k) Plan assets move in 2023? ▼
US Magnesium LLC Hourly 401(k) Plan edged down modestly - down 4.4% during 2023, from $9M to $8M. Reported net income was -$202K.
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.
Which 401(k) plans are similar in size to US Magnesium LLC Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Thornton & Summers Profit Sharing Plan in TX ($8M, 73 participants).
Which 401(k) plans cover a similar participant headcount to US Magnesium LLC Hourly 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Afiniti 401(k) Plan in DC (184 participants, $5M 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.