401(k) · DOL Form 5500 · 2024

Mag Automotive, LLC 401(k) Plan

Data updated 2026-08-25

$43M
Total assets Below avg plan size
251
Participants Below avg headcount
82nd
Percentile by assets National rank
$171,647
Avg per participant Above avg balance/head
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Official DOL plan name: Mag Automotive 401(k) Savings Plan · Sponsored by Mag Automotive, LLC · Michigan · Manufacturing

$43M in assets, 251 participants

Mag Automotive, LLC's Mag Automotive 401(k) Savings Plan reported $43M in total assets and 251 participants in its 2024 DOL Form 5500 filing, ranking in the 82nd 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.

  • #13,378 in Manufacturing (17,777 peers)

Coverage in Michigan

Mag Automotive 401(k) Savings Plan covers 251 participants in Michigan, about 39% of the average Michigan filer (state average ~638 per filing). Assets: $43M.

#13,378
in Manufacturing (17,777 peers)
+13.1%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Mag Automotive 401(k) Savings Plan's outsized position by total assets

Mag Automotive 401(k) Savings Plan vs every filed plan by assets

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

$43,083,384 Top 18% higher than 82% 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

Mag Automotive 401(k) Savings 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. Mag Automotive 401(k) Savings Plan sits mid-pack in the medium band (251 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mag Automotive 401(k) Savings Plan reported net income fell from $7M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Mag Automotive 401(k) Savings Plan end-of-year assets rose from $38M in the plan year 2023 filing to $43M in the plan year 2024 filing.
  • Mag Automotive 401(k) Savings Plan reported participants rose from 240 in the plan year 2023 filing to 251 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 300774344 · Mag Automotive, LLC PY 2024 · 401(k)

Mag Automotive 401(k) Savings Plan · $43M · 251 · 82nd

  • EBSA $43M
  • PART 251
  • TYPE 82nd
  • NET 401(k)
  • BOOK near Tippmann Group Employees 401(k) Plan
  • VS-ST ind #13378

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 →

Mag Automotive 401(k) Savings Plan in the asset neighbourhood

Sperber Landscape Companies and Subsidiaries 401(k) PlanSperber Landscape Companies …$43MMag Automotive 401(k) Savings PlanMag Automotive 401(k) Saving…$43MTippmann Group Employees 401(k) PlanTippmann Group Employees 401…$43MHanson Bridgett LLP Associate 401(k) PlanHanson Bridgett LLP Associat…$43MScotch Companies 401(k) Profit Sharing PlanScotch Companies 401(k) Prof…$43M
End-of-year total assets ($M) among Mag Automotive 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$43M
Net Income$5M
Employer EIN300774344
Plan Effective Date2013-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Automotive, LLC)

Sponsor-wide plan assets over time

All Mag Automotive, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$43M 36.474249920982295% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $31.6M $43.1M ▲ +36.5%
Year Plans Participants Total Assets
2022 1 213 $32M
2023 1 240 $38M
2024 1 251 $43M

Nearby 401(k) Plans in Michigan

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

Mag Automotive 401(k) Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Mag Automotive 401(k) Savings Plan, Total assets ($B): 0.043083384 · Participants: 251Mag Automotive 401(k) Savings 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
Mag Automotive 401(k) Savings Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Mag Automotive 401(k) Savings Plan side-by-side with 3 peers →

Mag Automotive 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Tippmann Group Employees 401(k) Plan in IN ($43M); by covered participants it is Dependable Home Health Care, Inc. 401(k) Savings Plan in MN (251 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (251 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 Mag Automotive 401(k) Savings Plan assets move in 2024? ▼
Mag Automotive 401(k) Savings Plan grew at a solid clip - up 13.1% during 2024, from $38M to $43M. Reported net income was $5M.
How have Mag Automotive, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Automotive, LLC's sponsor-wide assets grew 36.5%, from $32M to $43M.
Where does Mag Automotive 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Mag Automotive 401(k) Savings Plan ranks in the 82nd 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 Mag Automotive 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Tippmann Group Employees 401(k) Plan in IN ($43M, 1,151 participants).
Which 401(k) plans cover a similar participant headcount to Mag Automotive 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dependable Home Health Care, Inc. 401(k) Savings Plan in MN (251 participants, N/A 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 300774344.

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.