Profit Sharing · DOL Form 5500 · 2024

Magnum Industrial Building Company Profit Sharing Plan

Data updated 2026-08-25

$418K
Total assets Small plan by assets: 2
Participants Small participant base: 16th
Percentile by assets National rank: $209,184
Avg per participant Above avg balance/head

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Official DOL plan name: Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan · Sponsored by Magnum Industrial Building Company · Michigan · Construction

$418K in assets, 2 participants

Magnum Industrial Building Company's Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan reported $418K in total assets and 2 participants in its 2024 DOL Form 5500 filing, ranking in the 16th 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.

#1,434 in Construction (9,039 peers)

Magnum Industrial Building Company multi-year trail

Magnum Industrial Building Company's plans moved +50.7% in assets from 2022 to 2024; this filing shows Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan at $418K / 2 participants.

#1,434
in Construction (9,039 peers): +11.0%
assets growth YoY

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan among the smaller filed plans by assets

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan vs every filed plan by assets

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

$418,368 16th percentile higher than 16% 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

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan among micro filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan is a micro filing (2 participants), the leftmost band.

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan reported net income fell from $99K in the plan year 2023 filing to $41K in the plan year 2024 filing.
Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan end-of-year assets rose from $377K in the plan year 2023 filing to $418K in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 382015654 · Magnum Industrial Building Company PY 2024 · Profit Sharing

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan · $418K · 2 · 16th

BOY $418K
BOY 2
BOY 16th
BOY Profit Sharing
BOY near Hcap Sports Corporation Profit Sharing Plan
BOY ind #1434

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 Construction retirement plans → · Plans in Michigan →

End-of-year total assets ($M) among Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Magnum Industrial Building Company multi-year asset trail

Latest sponsor-wide plan assets: $418K 50.692105708656456% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	2	$278K
2023	1	2	$377K
2024	1	2	$418K

Magnum Industrial Building Company filing trail (2024)

Total Assets (Beginning of Year)	$377K
Net Assets (End of Year)	$418K
Net Income	$41K
Employer EIN	382015654
Plan Effective Date	1974-06-01
Filing Status	FILING RECEIVED

Nearby Profit Sharing Plans in Michigan

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

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan vs. nearby Profit Sharing plans in Michigan, assets vs. participants

Henry Ford Health System Retirement Savings Plan $1.8B · 13,461
Hemlock Semiconductor Operations LLC Employees' Capital Accumulation Plan $340M · 1,472
Iron Workers Defined Contribution Pension Fund Plan $232M · 5,319
NECA-IBEW Memphis Retirement Plan $230M · 2,755
Plumbers and Pipefitters Local Union 520 Annuity Plan $220M · 1,639

Compare Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan side-by-side with 3 peers →

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Michigan, the nearest Profit Sharing by assets is Hcap Sports Corporation Profit Sharing Plan in NJ ($418K); by covered participants it is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($418K here).

Hcap Sports Corporation Profit Sharing Plan (NJ) $418K · 2
All Venue Inc. Retirement Plan (FL) $418K · 4
Decade Enterprsies Corporation Profit Sharing Plan (TN) $418K · 2
Mclarencare, Inc. Profit Sharing Plan (GA) $418K · 2

Similar participant headcount

Nearest other-state filings by covered participants (2 participants); asset peers above are excluded.

Johnson Goldberg & Brown, Ltd Profit Sharing Plan (IL) 2 · 0 off
Group H Capital Corporation Profit Sharing Plan and Trust (VA) 2 · 0 off
Stenorkat Corporation Profit Sharing Plan (MA) 2 · 0 off
Short Enterprises, Inc. Profit Sharing Plan and Trust (CO) 2 · 0 off

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 Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan assets move in 2024? ▼

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan grew at a solid clip - up 11.0% during 2024, from $377K to $418K. Reported net income was $41K.

How have Magnum Industrial Building Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Magnum Industrial Building Company's sponsor-wide assets grew 50.7%, from $278K to $418K.

Where does Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan ranks in the 16th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the smaller plans by assets on file).

Which Profit Sharing plans are similar in size to Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Hcap Sports Corporation Profit Sharing Plan in NJ ($418K, 2 participants).

Which Profit Sharing plans cover a similar participant headcount to Magnum Industrial Building Company, Inc. Employees Retirement Profit Sharing Plan? ▼

Among Profit Sharing plans in other states, the closest by covered participants is Johnson Goldberg & Brown, Ltd Profit Sharing Plan in IL (2 participants, $5M 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 382015654.