ESOP · DOL Form 5500 · 2023

American Magnetics Corporation ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
11
Participants Small participant base
33rd
Percentile by assets National rank
$217,290
Avg per participant Above avg balance/head
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Official DOL plan name: The Employee Stock Ownership Plan of American Magnetics Corporation · Sponsored by American Magnetics Corporation · Illinois · Manufacturing

$2M in assets, 11 participants

American Magnetics Corporation's The Employee Stock Ownership Plan of American Magnetics Corporation reported $2M in total assets and 11 participants in its 2023 DOL Form 5500 filing, ranking in the 33rd 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.

  • #3,110 in Manufacturing (18,722 peers)

American Magnetics Corporation multi-year trail

American Magnetics Corporation's plans moved -47.4% in assets from 2022 to 2024; this filing shows The Employee Stock Ownership Plan of American Magnetics Corporation at $2M / 11 participants.

#3,110
in Manufacturing (18,722 peers)
+13.9%
assets growth YoY

The Employee Stock Ownership Plan of American Magnetics Corporation among the smaller filed plans by assets

The Employee Stock Ownership Plan of American Magnetics Corporation vs every filed plan by assets

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

$2,390,187 33rd percentile higher than 33% 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 Employee Stock Ownership Plan of American Magnetics Corporation among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Employee Stock Ownership Plan of American Magnetics Corporation is a small filing (11 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Employee Stock Ownership Plan of American Magnetics Corporation reported net income rose from $35K in the plan year 2022 filing to $292K in the plan year 2023 filing.
  • The Employee Stock Ownership Plan of American Magnetics Corporation end-of-year assets rose from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 370805976 · American Magnetics Corporation PY 2023 · ESOP

The Employee Stock Ownership Plan of American Magnetics Corporation · $2M · 11 · 33rd

  • IND $2M
  • EOY 11
  • 5500 33rd
  • ASSETS ESOP
  • PCT near Cutler Repaving, Inc. Employee Stock Ownership Plan
  • EIN ind #3110

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 What is an ESOP? → · Plans in Illinois →

The Employee Stock Ownership Plan of American Magnetics Corporation in the asset neighbourhood

The Employee Stock Ownership Plan of American Magnetics CorporationThe Employee Stock Ownership…$2MCutler Repaving, Inc. Employee Stock Ownership PlanCutler Repaving, Inc. Employ…$2MChiro, Inc. Employee Stock Ownership PlanChiro, Inc. Employee Stock O…$2MHoward K. Bell Consulting Engineers, Inc. Employee Stock Ownership PlanHoward K. Bell Consulting En…$2MBryant Air Conditioning and Heating Company of Lincoln, Nebraska EmployeeBryant Air Conditioning and …$2M
End-of-year total assets ($M) among The Employee Stock Ownership Plan of American Magnetics Corporation and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

American Magnetics Corporation multi-year asset trail

Sponsor-wide plan assets over time

All American Magnetics Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$1M 47.354518919583725% vs 2022
2024 filing year
$0.5M$1M$1.5M$2M$2.5M$3M 202220232024 $2.1M $1.1M ▼ -47.6%
Year Plans Participants Total Assets
2022 1 11 $2M
2023 1 11 $2M
2024 2 6 $1M

American Magnetics Corporation filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$292K
Employer EIN370805976
Plan Effective Date1980-03-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Illinois

Peer ESOP plans, same state, same plan type, ranked by total assets.

The Employee Stock Ownership Plan of American Magnetics Corporation vs. nearby ESOP plans in Illinois, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants The Employee Stock Ownership Plan of American Magnetics Corporation, Total assets ($B): 0.002390187 · Participants: 11The Employee Stock Ownership Plan of American Magnetics CorporationAmsted Industries Incorporated Employees' Stock Ownership Plan, Total assets ($B): 4.440263476 · Participants: 4738Amsted Industries Incorporated Employees' Stock Ownership PlanKehe Distributors, Inc. Employee Stock Ownership Plan, Total assets ($B): 1.616096816 · Participants: 4251Kehe Distributors, Inc. Employee Stock Ownership PlanScot Forge Company Employee Stock Ownership Plan, Total assets ($B): 1.195072662 · Participants: 486Scot Forge Company Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership PlanBdo USA Employee Stock Ownership Plan, Total assets ($B): 0.91547863 · Participants: 10168Bdo USA Employee Stock Ownership Plan
The Employee Stock Ownership Plan of American Magnetics Corporation vs. nearby ESOP plans in Illinois, assets vs. participants
Compare The Employee Stock Ownership Plan of American Magnetics Corporation side-by-side with 3 peers →

The Employee Stock Ownership Plan of American Magnetics Corporation's out-of-state ESOP peers by assets and headcount

Outside Illinois, the nearest ESOP by assets is Cutler Repaving, Inc. Employee Stock Ownership Plan in KS ($2M); by covered participants it is Canastota N/C Corporation Employee Stock Ownership Plan in NY (11 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (11 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 Employee Stock Ownership Plan of American Magnetics Corporation assets move in 2023? ▼
The Employee Stock Ownership Plan of American Magnetics Corporation grew at a solid clip - up 13.9% during 2023, from $2M to $2M. Reported net income was $292K.
How have American Magnetics Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), American Magnetics Corporation's sponsor-wide assets declined 47.4%, from $2M to $1M.
Which ESOP plans are similar in size to The Employee Stock Ownership Plan of American Magnetics Corporation? ▼
Among ESOP plans in other states, the closest by assets is Cutler Repaving, Inc. Employee Stock Ownership Plan in KS ($2M, 55 participants).
Which ESOP plans cover a similar participant headcount to The Employee Stock Ownership Plan of American Magnetics Corporation? ▼
Among ESOP plans in other states, the closest by covered participants is Canastota N/C Corporation Employee Stock Ownership Plan in NY (11 participants, $4M 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 370805976.

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.