401(k) · DOL Form 5500 · 2023

Magellan USA 401(k) Plan

Data updated 2026-08-25

$83M
Total assets Below avg plan size
656
Participants Below avg headcount
90th
Percentile by assets National rank
$127,164
Avg per participant Near avg balance/head
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Official DOL plan name: Magellan USA Retirement Plan · Sponsored by Magellan USA · Ohio · Manufacturing

$83M in assets, 656 participants

Magellan USA's Magellan USA Retirement Plan reported $83M in total assets and 656 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,933 in Manufacturing (18,722 peers)

Where Magellan USA Retirement Plan sits by assets

Magellan USA Retirement Plan sits in the top 10% of all filed plans by assets, $83M for 656 participants (~$127,164/participant), up 15.1% in 2023.

#15,933
in Manufacturing (18,722 peers)
+15.1%
assets growth YoY
0.8×
vs typical plan assets (national mean)

Magellan USA Retirement Plan's outsized position by total assets

Magellan USA Retirement Plan vs every filed plan by assets

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

$83,419,851 Top 10% higher than 90% 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

Magellan USA Retirement 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. Magellan USA Retirement Plan sits mid-pack in the medium band (656 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magellan USA Retirement Plan reported net income rose from -$16M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Magellan USA Retirement Plan end-of-year assets rose from $72M in the plan year 2022 filing to $83M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 311464954 · Magellan USA PY 2023 · 401(k)

Magellan USA Retirement Plan · $83M · 656 · 90th

  • SCH $83M
  • SCH 656
  • SCH 90th
  • SCH 401(k)
  • SCH near Bonterra 401(k) Plan
  • SCH ind #15933

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 Ohio →

Magellan USA Retirement Plan in the asset neighbourhood

Albea 401(k) Plan$83MMagellan USA Retirement Plan$83MBonterra 401(k) Plan$83MPackard Medical Group 401(k) Profit Sharing PlanPackard Medical Group 401(k)…$83MStrongwell Corporation 401(k) Profit-Sharing Plan and TrustStrongwell Corporation 401(k…$83M
End-of-year total assets ($M) among Magellan USA Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$72M
Net Assets (End of Year)$83M
Net Income$11M
Employer EIN311464954
Plan Effective Date2004-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magellan USA)

Sponsor-wide plan assets over time

All Magellan USA plans reported in each filing year

Latest sponsor-wide plan assets
$91M 24.98803697516934% vs 2022
2024 filing year
$70M$80M$90M$100M 202220232024 $72.5M $90.6M ▲ +25.0%
Year Plans Participants Total Assets
2022 1 653 $72M
2023 1 656 $83M
2024 1 709 $91M

Nearby 401(k) Plans in Ohio

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

Magellan USA Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Magellan USA Retirement Plan, Total assets ($B): 0.083419851 · Participants: 656Magellan USA Retirement PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Magellan USA Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Magellan USA Retirement Plan side-by-side with 3 peers →

Magellan USA Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Bonterra 401(k) Plan in TX ($83M); by covered participants it is Frank, Rimerman + Co. LLP 401(k) & Profit Sharing Plan in CA (656 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($83M here).

Similar participant headcount

Nearest other-state filings by covered participants (656 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 Magellan USA Retirement Plan assets move in 2023? ▼
Magellan USA Retirement Plan grew sharply - up 15.1% during 2023, from $72M to $83M. Reported net income was $11M.
How have Magellan USA plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magellan USA's sponsor-wide assets grew 25.0%, from $72M to $91M.
Where does Magellan USA Retirement Plan rank by assets among Form 5500 filers? ▼
Magellan USA Retirement Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Magellan USA Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bonterra 401(k) Plan in TX ($83M, 1,340 participants).
Which 401(k) plans cover a similar participant headcount to Magellan USA Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Frank, Rimerman + Co. LLP 401(k) & Profit Sharing Plan in CA (656 participants, $88M 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 311464954.

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.