401(k) · DOL Form 5500 · 2024

MAGTEK 401(k) Plan

Data updated 2026-08-25

$105M
Total assets Near avg plan size
149
Participants Small participant base
91st
Percentile by assets National rank
$704,998
Avg per participant High balance/head
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Official DOL plan name: Magtek Profit Sharing/401(k) Plan · Sponsored by MAGTEK · California · Manufacturing

$105M in assets, 149 participants

MAGTEK's Magtek Profit Sharing/401(k) Plan reported $105M in total assets and 149 participants in its 2024 DOL Form 5500 filing, ranking in the 91st 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.

  • #15,346 in Manufacturing (17,777 peers)

Coverage in California

Magtek Profit Sharing/401(k) Plan covers 149 participants in California, about 24% of the average California filer (state average ~630 per filing). Assets: $105M.

#15,346
in Manufacturing (17,777 peers)
+8.2%
assets growth YoY
1.1×
vs typical plan assets (national mean)

Magtek Profit Sharing/401(k) Plan's outsized position by total assets

Magtek Profit Sharing/401(k) Plan vs every filed plan by assets

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

$105,044,776 Top 9% higher than 91% 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

Magtek Profit Sharing/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. Magtek Profit Sharing/401(k) Plan sits mid-pack in the medium band (149 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magtek Profit Sharing/401(k) Plan end-of-year assets rose from $97M in the plan year 2023 filing to $105M in the plan year 2024 filing.
  • Magtek Profit Sharing/401(k) Plan reported net income fell from $9M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Magtek Profit Sharing/401(k) Plan reported participants rose from 147 in the plan year 2023 filing to 149 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 952774055 · MAGTEK PY 2024 · 401(k)

Magtek Profit Sharing/401(k) Plan · $105M · 149 · 91st

  • PART $105M
  • TYPE 149
  • NET 91st
  • BOOK 401(k)
  • VS-ST near The Pilots' Association for the Bay & River Delaware 401(k) and Profit Sharing Plan
  • BOY ind #15346

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 California →

Magtek Profit Sharing/401(k) Plan in the asset neighbourhood

Smith Seckman Reid, Inc. Employee Savings and Profit Sharing Plan TrustSmith Seckman Reid, Inc. Emp…$105MThe Pilots' Association for the Bay & River Delaware 401(k) and Profit Sharing PlanThe Pilots' Association for …$105MMagtek Profit Sharing/401(k) PlanMagtek Profit Sharing/401(k)…$105MKilpatrick Townsend & Stockton LLP Ret Sav Plan-Plan 2Kilpatrick Townsend & Stockt…$105MLincoln International LLC 401(k) PlanLincoln International LLC 40…$105M
End-of-year total assets ($M) among Magtek Profit Sharing/401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$97M
Net Assets (End of Year)$105M
Net Income$8M
Employer EIN952774055
Plan Effective Date1980-06-30
Filing StatusFILING RECEIVED

Sponsor Plan History (MAGTEK)

Sponsor-wide plan assets over time

All MAGTEK plans reported in each filing year

Latest sponsor-wide plan assets
$105M 18.808762860811626% vs 2022
2024 filing year
$85M$90M$95M$100M$105M$110M 202220232024 $88.4M $105M ▲ +18.8%
Year Plans Participants Total Assets
2022 1 160 $88M
2023 1 147 $97M
2024 1 149 $105M

Nearby 401(k) Plans in California

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

Magtek Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Magtek Profit Sharing/401(k) Plan, Total assets ($B): 0.105044776 · Participants: 149Magtek Profit Sharing/401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Magtek Profit Sharing/401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Magtek Profit Sharing/401(k) Plan side-by-side with 3 peers →

Magtek Profit Sharing/401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is The Pilots' Association for the Bay & River Delaware 401(k) and Profit Sharing Plan in PA ($105M); by covered participants it is Tier1 Integrity, LLC 401(k) Plan in TX (149 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (149 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 Magtek Profit Sharing/401(k) Plan assets move in 2024? ▼
Magtek Profit Sharing/401(k) Plan grew at a solid clip - up 8.2% during 2024, from $97M to $105M. Reported net income was $8M.
How have MAGTEK plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), MAGTEK's sponsor-wide assets grew 18.8%, from $88M to $105M.
Where does Magtek Profit Sharing/401(k) Plan rank by assets among Form 5500 filers? ▼
Magtek Profit Sharing/401(k) Plan ranks in the 91st percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Magtek Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Pilots' Association for the Bay & River Delaware 401(k) and Profit Sharing Plan in PA ($105M, 106 participants).
Which 401(k) plans cover a similar participant headcount to Magtek Profit Sharing/401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Tier1 Integrity, LLC 401(k) Plan in TX (149 participants, $646K 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 952774055.

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.