ESOP · DOL Form 5500 · 2024
American Magnetics Corporation ESOP
Data updated 2026-08-25
- $1M
- Total assets Small plan by assets
- 3
- Participants Small participant base
- 24th
- Percentile by assets National rank
- $368,123
- Avg per participant High balance/head
Official DOL plan name: The Employee Stock Ownership Plan of American Magnetics Corporation · Sponsored by American Magnetics Corporation · Illinois · Manufacturing
$1M in assets, 3 participants
American Magnetics Corporation's The Employee Stock Ownership Plan of American Magnetics Corporation reported $1M in total assets and 3 participants in its 2024 DOL Form 5500 filing, ranking in the 24th 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.
- #1,808 in Manufacturing (17,777 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 $1M / 3 participants.
- #1,808
- in Manufacturing (17,777 peers)
- -53.8%
- assets change YoY
The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
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 2024 · DOL Form 5500
$1,104,369 24th percentile higher than 24% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Employee Stock Ownership Plan of American Magnetics Corporation among micro filed plans by headcount
Plan-year 2024 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 micro filing (3 participants), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Employee Stock Ownership Plan of American Magnetics Corporation reported net income fell from $292K in the plan year 2023 filing to -$1M in the plan year 2024 filing.
- The Employee Stock Ownership Plan of American Magnetics Corporation reported participants fell from 11 in the plan year 2023 filing to 3 in the plan year 2024 filing.
- The Employee Stock Ownership Plan of American Magnetics Corporation end-of-year assets fell from $2M in the plan year 2023 filing to $1M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 370805976 · American Magnetics Corporation PY 2024 · ESOP
The Employee Stock Ownership Plan of American Magnetics Corporation · $1M · 3 · 24th
- BOY $1M
- SCH 3
- EBSA 24th
- PART ESOP
- TYPE near Management & Engineering Technologies International, Inc. Employee Stock Ownership Plan
- NET ind #1808
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
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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 11 | $2M |
| 2023 | 1 | 11 | $2M |
| 2024 | 2 | 6 | $1M |
American Magnetics Corporation filing trail (2024)
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $1M |
| Net Income | -$1M |
| Employer EIN | 370805976 |
| Plan Effective Date | 1980-03-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Illinois
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Amsted Industries Incorporated Employees' Stock Ownership Plan $3.7B · 4,909
- Kehe Distributors, Inc. Employee Stock Ownership Plan $2.2B · 4,815
- Scot Forge Company Employee Stock Ownership Plan $1.4B · 491
- Bdo USA Employee Stock Ownership Plan $1.1B · 9,258
- Shorr Paper Products, Inc. Employee Stock Ownership Plan $430M · 543
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 Management & Engineering Technologies International, Inc. Employee Stock Ownership Plan in TX ($1M); by covered participants it is Island City Dray Profit Sharing Plan in WI (3 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1M here).
- Management & Engineering Technologies International, Inc. Employee Stock Ownership Plan (TX) $1M · 119
- Citizens Bank & Trust of Vivian Employee Stock Ownership Plan (LA) $1M · 37
- Lehigh Valley Technical Associates, Inc. Employee Stock Ownership Plan (PA) $1M · 32
- Netria Corporation Employee Stock Ownership Plan (NH) $1M · 13
Similar participant headcount
Nearest other-state filings by covered participants (3 participants); asset peers above are excluded.
- Island City Dray Profit Sharing Plan (WI) 3 · 0 off
- Royal State Corporation ESOP (HI) 3 · 0 off
- Royal State Corporation ESOP (HI) 3 · 0 off
- Wetzel-Valley Agencies, Inc. Employee Stock Ownership Plan (WV) 3 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.