Defined Benefit (Pension) · DOL Form 5500 · 2023

US Magnesium LLC Pension Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
48
Participants Small participant base
78th
Percentile by assets National rank
$587,205
Avg per participant High balance/head
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Official DOL plan name: US Magnesium LLC Hourly Defined Benefit Pension Plan · Sponsored by US Magnesium LLC · Utah · Manufacturing

$28M in assets, 48 participants

US Magnesium LLC's US Magnesium LLC Hourly Defined Benefit Pension Plan reported $28M in total assets and 48 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #13,094 in Manufacturing (18,722 peers)

Where US Magnesium LLC Hourly Defined Benefit Pension Plan sits by assets

US Magnesium LLC Hourly Defined Benefit Pension Plan sits in the top quartile of all filed plans by assets, $28M for 48 participants (~$587,205/participant), down 18.3% in 2023.

#13,094
in Manufacturing (18,722 peers)
-18.3%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

US Magnesium LLC Hourly Defined Benefit Pension Plan's outsized position by total assets

US Magnesium LLC Hourly Defined Benefit Pension Plan vs every filed plan by assets

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

$28,185,835 Top 22% higher than 78% 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 Defined Benefit Pension Plan among smaller 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 Defined Benefit Pension Plan is a small filing (48 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • US Magnesium LLC Hourly Defined Benefit Pension Plan reported net income fell from -$3M in the plan year 2022 filing to -$6M in the plan year 2023 filing.
  • US Magnesium LLC Hourly Defined Benefit Pension Plan end-of-year assets fell from $35M in the plan year 2022 filing to $28M in the plan year 2023 filing.
  • US Magnesium LLC Hourly Defined Benefit Pension Plan reported participants fell from 57 in the plan year 2022 filing to 48 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 010705446 · US Magnesium LLC PY 2023 · Defined Benefit (Pension)

US Magnesium LLC Hourly Defined Benefit Pension Plan · $28M · 48 · 78th

  • IND $28M
  • EOY 48
  • 5500 78th
  • ASSETS Defined Benefit (Pension)
  • PCT near First National Bank of Scotia Pension Plan
  • EIN ind #13094

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 Defined Benefit Pension Plan in the asset neighbourhood

Chiesa Shahinian & Giantomasi PC Cash Balance PlanChiesa Shahinian & Giantomas…$28MUS Magnesium LLC Hourly Defined Benefit Pension PlanUS Magnesium LLC Hourly Defi…$28MFirst National Bank of Scotia Pension PlanFirst National Bank of Scoti…$28MResearch Corporation Technologies, Inc. Employees' Pension PlanResearch Corporation Technol…$28MIts Technologies & Logistics, LLC Employees Pension PlanIts Technologies & Logistics…$28M
End-of-year total assets ($M) among US Magnesium LLC Hourly Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$35M
Net Assets (End of Year)$28M
Net Income-$6M
Employer EIN010705446
Plan Effective Date1980-11-01
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 Defined Benefit (Pension) Plans in Utah

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

US Magnesium LLC Hourly Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Utah, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -20246810 Total assets ($B) Participants US Magnesium LLC Hourly Defined Benefit Pension Plan, Total assets ($B): 0.028185835 · Participants: 48US Magnesium LLC Hourly Defined Benefit Pension PlanDeseret Mutual Master Retirement Plan, Total assets ($B): 7.736829103 · Participants: 11210Deseret Mutual Master Retirement PlanIntermountain Healthcare Pension Plan, Total assets ($B): 3.209613 · Participants: 28140Intermountain Healthcare Pension PlanRio Tinto America Inc. Retirement Plan, Total assets ($B): 0.97177716 · Participants: 1644Rio Tinto America Inc. Retirement PlanAmerica First Credit Union Pension Plan, Total assets ($B): 0.547334141 · Participants: 2464America First Credit Union Pension PlanRetail Food Employers & Ufcw Local 711 Pension, Total assets ($B): 0.3554572 · Participants: 8448Retail Food Employers & Ufcw Local 711 Pension
US Magnesium LLC Hourly Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Utah, assets vs. participants
Compare US Magnesium LLC Hourly Defined Benefit Pension Plan side-by-side with 3 peers →

US Magnesium LLC Hourly Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Utah, the nearest Defined Benefit (Pension) by assets is First National Bank of Scotia Pension Plan in NY ($28M); by covered participants it is Employees' Retirement Plan of the Kensico Cemetery in NY (48 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (48 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 Defined Benefit Pension Plan assets move in 2023? ▼
US Magnesium LLC Hourly Defined Benefit Pension Plan declined sharply - down 18.3% during 2023, from $35M to $28M. Reported net income was -$6M.
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 Hourly Defined Benefit Pension Plan rank by assets among Form 5500 filers? ▼
US Magnesium LLC Hourly Defined Benefit Pension Plan ranks in the 78th 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 Defined Benefit (Pension) plans are similar in size to US Magnesium LLC Hourly Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is First National Bank of Scotia Pension Plan in NY ($28M, 33 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to US Magnesium LLC Hourly Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Employees' Retirement Plan of the Kensico Cemetery in NY (48 participants, $19M 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.