401(k) · DOL Form 5500 · 2024

Magneco/Metrel, Inc 401(k) Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
138
Participants Small participant base
77th
Percentile by assets National rank
$209,424
Avg per participant Above avg balance/head
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Official DOL plan name: Magneco Metrel, Inc. 401(k) Plan and Trust · Sponsored by Magneco/Metrel, Inc · Illinois · Manufacturing

$29M in assets, 138 participants

Magneco/Metrel, Inc's Magneco Metrel, Inc. 401(k) Plan and Trust reported $29M in total assets and 138 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.

  • #12,094 in Manufacturing (17,777 peers)

Coverage in Illinois

Magneco Metrel, Inc. 401(k) Plan and Trust covers 138 participants in Illinois, about 18% of the average Illinois filer (state average ~779 per filing). Assets: $29M.

#12,094
in Manufacturing (17,777 peers)
+12.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Magneco Metrel, Inc. 401(k) Plan and Trust's outsized position by total assets

Magneco Metrel, Inc. 401(k) Plan and Trust vs every filed plan by assets

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

$28,900,537 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

Magneco Metrel, Inc. 401(k) Plan and Trust 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. Magneco Metrel, Inc. 401(k) Plan and Trust sits mid-pack in the medium band (138 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magneco Metrel, Inc. 401(k) Plan and Trust reported net income fell from $5M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Magneco Metrel, Inc. 401(k) Plan and Trust reported participants rose from 114 in the plan year 2023 filing to 138 in the plan year 2024 filing.
  • Magneco Metrel, Inc. 401(k) Plan and Trust end-of-year assets rose from $26M in the plan year 2023 filing to $29M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 341191723 · Magneco/Metrel, Inc PY 2024 · 401(k)

Magneco Metrel, Inc. 401(k) Plan and Trust · $29M · 138 · 77th

  • EIN $29M
  • RANK 138
  • PHOTO 77th
  • IND 401(k)
  • EOY near Iridex Corporation Profit Sharing/401(k) Plan
  • 5500 ind #12094

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 Illinois →

Magneco Metrel, Inc. 401(k) Plan and Trust in the asset neighbourhood

Magneco Metrel, Inc. 401(k) Plan and TrustMagneco Metrel, Inc. 401(k) …$29MIridex Corporation Profit Sharing/401(k) PlanIridex Corporation Profit Sh…$29MSetton Pistachio of Terra Bella, Inc. 401(k) PlanSetton Pistachio of Terra Be…$29MLee & Mason Financial Services, Inc. 401(k) PlanLee & Mason Financial Servic…$29MTietex International, Ltd., 401(k) Retirement Savings PlanTietex International, Ltd., …$29M
End-of-year total assets ($M) among Magneco Metrel, Inc. 401(k) Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$29M
Net Income$3M
Employer EIN341191723
Plan Effective Date1978-05-18
Filing StatusFILING RECEIVED

Sponsor Plan History (Magneco/Metrel, Inc)

Sponsor-wide plan assets over time

All Magneco/Metrel, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$29M 38.57270180005951% vs 2022
2024 filing year
$20M$25M$30M 202220232024 $20.9M $28.9M ▲ +38.5%
Year Plans Participants Total Assets
2022 1 64 $21M
2023 1 114 $26M
2024 1 138 $29M

Nearby 401(k) Plans in Illinois

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

Magneco Metrel, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Magneco Metrel, Inc. 401(k) Plan and Trust, Total assets ($B): 0.028900537 · Participants: 138Magneco Metrel, Inc. 401(k) Plan and TrustAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
Magneco Metrel, Inc. 401(k) Plan and Trust vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Magneco Metrel, Inc. 401(k) Plan and Trust side-by-side with 3 peers →

Magneco Metrel, Inc. 401(k) Plan and Trust's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Iridex Corporation Profit Sharing/401(k) Plan in CA ($29M); by covered participants it is Budney Overhaul & Repair, Ltd Employee Retirement Plan in CT (138 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (138 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 Magneco Metrel, Inc. 401(k) Plan and Trust assets move in 2024? ▼
Magneco Metrel, Inc. 401(k) Plan and Trust grew at a solid clip - up 12.9% during 2024, from $26M to $29M. Reported net income was $3M.
How have Magneco/Metrel, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magneco/Metrel, Inc's sponsor-wide assets grew 38.6%, from $21M to $29M.
Where does Magneco Metrel, Inc. 401(k) Plan and Trust rank by assets among Form 5500 filers? ▼
Magneco Metrel, Inc. 401(k) Plan and Trust 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 Magneco Metrel, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is Iridex Corporation Profit Sharing/401(k) Plan in CA ($29M, 111 participants).
Which 401(k) plans cover a similar participant headcount to Magneco Metrel, Inc. 401(k) Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Budney Overhaul & Repair, Ltd Employee Retirement Plan in CT (138 participants, $7M 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 341191723.

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.