401(k) · DOL Form 5500 · 2024

Magna Machine Co. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
141
Participants Small participant base
52nd
Percentile by assets National rank
$59,542
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Magna Machine Co. 401(k) Plan · Sponsored by Magna Machine Co. · Ohio · Manufacturing

$8M in assets, 141 participants

Magna Machine Co.'s Magna Machine Co. 401(k) Plan reported $8M in total assets and 141 participants in its 2024 DOL Form 5500 filing, ranking in the 52nd 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.

  • #6,528 in Manufacturing (17,777 peers)

Coverage in Ohio

Magna Machine Co. 401(k) Plan covers 141 participants in Ohio, about 18% of the average Ohio filer (state average ~765 per filing). Assets: $8M.

#6,528
in Manufacturing (17,777 peers)
+7.0%
assets growth YoY

Magna Machine Co. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Magna Machine Co. 401(k) Plan vs every filed plan by assets

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

$8,395,354 Top 48% higher than 52% 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

Magna Machine Co. 401(k) 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. Magna Machine Co. 401(k) Plan sits mid-pack in the medium band (141 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magna Machine Co. 401(k) Plan reported net income fell from $868K in the plan year 2023 filing to $551K in the plan year 2024 filing.
  • Magna Machine Co. 401(k) Plan end-of-year assets rose from $8M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Magna Machine Co. 401(k) Plan reported participants fell from 144 in the plan year 2023 filing to 141 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 310559326 · Magna Machine Co. PY 2024 · 401(k)

Magna Machine Co. 401(k) Plan · $8M · 141 · 52nd

  • EBSA $8M
  • EBSA 141
  • EBSA 52nd
  • EBSA 401(k)
  • EBSA near Blue Apron Holdings, Inc. 401(k) Plan
  • EBSA ind #6528

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 Ohio →

Magna Machine Co. 401(k) Plan in the asset neighbourhood

Magna Machine Co. 401(k) Plan$8MBlue Apron Holdings, Inc. 401(k) PlanBlue Apron Holdings, Inc. 40…$8MThe Fredericks Company 401(k) & Profit Sharing PlanThe Fredericks Company 401(k…$8MUpside Connection 401(k) Plan$8MBrown and Company, Inc. 401(k) Profit Sharing PlanBrown and Company, Inc. 401(…$8M
End-of-year total assets ($M) among Magna Machine Co. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Ohio filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$8M
Net Income$551K
Employer EIN310559326
Plan Effective Date1963-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magna Machine Co.)

Sponsor-wide plan assets over time

All Magna Machine Co. plans reported in each filing year

Latest sponsor-wide plan assets
$8M 20.33223770398285% vs 2022
2024 filing year
$6.5M$7M$7.5M$8M$8.5M$9M 202220232024 $6.98M $8.4M ▲ +20.3%
Year Plans Participants Total Assets
2022 1 152 $7M
2023 1 144 $8M
2024 1 141 $8M

Nearby 401(k) Plans in Ohio

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

Magna Machine Co. 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Magna Machine Co. 401(k) Plan, Total assets ($B): 0.008395354 · Participants: 141Magna Machine Co. 401(k) PlanGE Aerospace Retirement Savings Plan, Total assets ($B): 14.738724553 · Participants: 45620GE Aerospace Retirement Savings PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 11.809161 · Participants: 135373The Kroger Co. 401(k) Retirement Savings Account PlanThe Progressive 401(k) Plan, Total assets ($B): 11.533546294 · Participants: 62521The Progressive 401(k) PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.563559628 · Participants: 47459The Sherwin-Williams Company 401(k) PlanParker Retirement Savings Plan, Total assets ($B): 9.010073432 · Participants: 26315Parker Retirement Savings Plan
Magna Machine Co. 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Magna Machine Co. 401(k) Plan side-by-side with 3 peers →

Magna Machine Co. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Blue Apron Holdings, Inc. 401(k) Plan in NY ($8M); by covered participants it is Vonlehman & Co., Inc. Employee's Savings Plan in KY (141 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (141 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 Magna Machine Co. 401(k) Plan assets move in 2024? ▼
Magna Machine Co. 401(k) Plan grew at a solid clip - up 7.0% during 2024, from $8M to $8M. Reported net income was $551K.
How have Magna Machine Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magna Machine Co.'s sponsor-wide assets grew 20.3%, from $7M to $8M.
Which 401(k) plans are similar in size to Magna Machine Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Blue Apron Holdings, Inc. 401(k) Plan in NY ($8M, 156 participants).
Which 401(k) plans cover a similar participant headcount to Magna Machine Co. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Vonlehman & Co., Inc. Employee's Savings Plan in KY (141 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 310559326.

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.