401(k) · DOL Form 5500 · 2024

Industrial Magnetics, Inc. 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
220
Participants Below avg headcount
77th
Percentile by assets National rank
$130,173
Avg per participant Near avg balance/head
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Official DOL plan name: Imi Holding Corporation 401(k) Profit Sharing Plan · Sponsored by Industrial Magnetics, Inc. · Michigan · Manufacturing

$29M in assets, 220 participants

Industrial Magnetics, Inc.'s Imi Holding Corporation 401(k) Profit Sharing Plan reported $29M in total assets and 220 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,052 in Manufacturing (17,777 peers)

Coverage in Michigan

Imi Holding Corporation 401(k) Profit Sharing Plan covers 220 participants in Michigan, about 34% of the average Michigan filer (state average ~638 per filing). Assets: $29M.

#12,052
in Manufacturing (17,777 peers)
+6.1%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Imi Holding Corporation 401(k) Profit Sharing Plan's outsized position by total assets

Imi Holding Corporation 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$28,638,131 Top 23% higher than 77% of 123,620 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 2024

Imi Holding Corporation 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Imi Holding Corporation 401(k) Profit Sharing Plan sits mid-pack in the medium band (220 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Imi Holding Corporation 401(k) Profit Sharing Plan reported net income fell from $4M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Imi Holding Corporation 401(k) Profit Sharing Plan end-of-year assets rose from $27M in the plan year 2023 filing to $29M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 381684048 · Industrial Magnetics, Inc. PY 2024 · 401(k)

Imi Holding Corporation 401(k) Profit Sharing Plan · $29M · 220 · 77th

  • BOY $29M
  • SCH 220
  • EBSA 77th
  • PART 401(k)
  • TYPE near Bridgestone Hosepower, L.L.C. Retirement Savings Plan
  • NET ind #12052

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 Michigan →

Imi Holding Corporation 401(k) Profit Sharing Plan in the asset neighbourhood

Imi Holding Corporation 401(k) Profit Sharing PlanImi Holding Corporation 401(…$29MBridgestone Hosepower, L.L.C. Retirement Savings PlanBridgestone Hosepower, L.L.C…$29MAxia Consulting, Inc. 401(k) Profit Sharing PlanAxia Consulting, Inc. 401(k)…$29MJse 401(k) Plan$29MCuracao 401(k) Plan$29M
End-of-year total assets ($M) among Imi Holding Corporation 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$29M
Net Income$2M
Employer EIN381684048
Plan Effective Date1973-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Industrial Magnetics, Inc.)

Sponsor-wide plan assets over time

All Industrial Magnetics, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$29M 26.103370825701617% vs 2022
2024 filing year
$22M$24M$26M$28M$30M 202220232024 $22.7M $28.6M ▲ +26.1%
Year Plans Participants Total Assets
2022 1 208 $23M
2023 1 220 $27M
2024 1 220 $29M

Nearby 401(k) Plans in Michigan

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

Imi Holding Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Imi Holding Corporation 401(k) Profit Sharing Plan, Total assets ($B): 0.028638131 · Participants: 220Imi Holding Corporation 401(k) Profit Sharing PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Imi Holding Corporation 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Imi Holding Corporation 401(k) Profit Sharing Plan side-by-side with 3 peers →

Imi Holding Corporation 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Bridgestone Hosepower, L.L.C. Retirement Savings Plan in FL ($29M); by covered participants it is Palomar Holdings, Inc. 401(k) Plan in CA (220 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($29M here).

Similar participant headcount

Nearest other-state filings by covered participants (220 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Imi Holding Corporation 401(k) Profit Sharing Plan assets move in 2024? ▼
Imi Holding Corporation 401(k) Profit Sharing Plan grew at a solid clip - up 6.1% during 2024, from $27M to $29M. Reported net income was $2M.
How have Industrial Magnetics, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Industrial Magnetics, Inc.'s sponsor-wide assets grew 26.1%, from $23M to $29M.
Where does Imi Holding Corporation 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Imi Holding Corporation 401(k) Profit Sharing Plan ranks in the 77th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Imi Holding Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bridgestone Hosepower, L.L.C. Retirement Savings Plan in FL ($29M, 676 participants).
Which 401(k) plans cover a similar participant headcount to Imi Holding Corporation 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Palomar Holdings, Inc. 401(k) Plan in CA (220 participants, $20M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381684048.

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.