401(k) · DOL Form 5500 · 2024
Magnesium Products of America, Inc. 401(k) Plan
Data updated 2026-08-25
- $31M
- Total assets Below avg plan size
- 355
- Participants Below avg headcount
- 78th
- Percentile by assets National rank
- $86,246
- Avg per participant Below avg balance/head
Official DOL plan name: Magnesium Products of America, Inc. Retirement Savings Plan · Sponsored by Magnesium Products of America, Inc. · Michigan · Manufacturing
$31M in assets, 355 participants
Magnesium Products of America, Inc.'s Magnesium Products of America, Inc. Retirement Savings Plan reported $31M in total assets and 355 participants in its 2024 DOL Form 5500 filing, ranking in the 78th 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.
- #12,298 in Manufacturing (17,777 peers)
Where Magnesium Products of America, Inc. Retirement Savings Plan sits by assets
Magnesium Products of America, Inc. Retirement Savings Plan sits in the top quartile of all filed plans by assets, $31M for 355 participants (~$86,246/participant), up 8.2% in 2024.
- #12,298
- in Manufacturing (17,777 peers)
- +8.2%
- assets growth YoY
- 0.3×
- vs typical plan assets (national mean)
Magnesium Products of America, Inc. Retirement Savings Plan's outsized position by total assets
Magnesium Products of America, Inc. Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$30,617,480 Top 22% higher than 78% 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
Magnesium Products of America, Inc. Retirement 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. Magnesium Products of America, Inc. Retirement Savings Plan sits mid-pack in the medium band (355 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Magnesium Products of America, Inc. Retirement Savings Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Magnesium Products of America, Inc. Retirement Savings Plan end-of-year assets rose from $28M in the plan year 2023 filing to $31M in the plan year 2024 filing.
- Magnesium Products of America, Inc. Retirement Savings Plan reported participants rose from 339 in the plan year 2023 filing to 355 in the plan year 2024 filing.
Plan-year Form 5500 strip
Filing strip 383088065 · Magnesium Products of America, Inc. PY 2024 · 401(k)
Magnesium Products of America, Inc. Retirement Savings Plan · $31M · 355 · 78th
- PCT $31M
- PCT 355
- PCT 78th
- PCT 401(k)
- PCT near Liberated Brands, LLC 401(k) Plan
- PCT ind #12298
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 →
Magnesium Products of America, Inc. Retirement Savings Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $28M |
|---|---|
| Net Assets (End of Year) | $31M |
| Net Income | $2M |
| Employer EIN | 383088065 |
| Plan Effective Date | 1994-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magnesium Products of America, Inc.)
Sponsor-wide plan assets over time
All Magnesium Products of America, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $31M 18.8493781166079% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 357 | $26M |
| 2023 | 1 | 339 | $28M |
| 2024 | 1 | 355 | $31M |
Nearby 401(k) Plans in Michigan
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- General Motors Retirement Savings Plan for Salaried Employees in the United States $23.1B · 43,053
- Ford Motor Co. Savings and Stock Investment Plan for Salaried Employees $17.3B · 31,790
- The Dow Chemical Company Employees' Savings Plan $10.8B · 17,128
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States $9.6B · 42,513
- Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees $8.3B · 60,497
Magnesium Products of America, Inc. Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Michigan, the nearest 401(k) by assets is Liberated Brands, LLC 401(k) Plan in CA ($31M); by covered participants it is Koroseal Interior Products Retirement Savings Plan and Trust in OH (355 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($31M here).
Similar participant headcount
Nearest other-state filings by covered participants (355 participants); asset peers above are excluded.
- Koroseal Interior Products Retirement Savings Plan and Trust (OH) 355 · 0 off
- Rms Computer Corp 401(k) Plan (NY) 355 · 0 off
- Amc 401(k) Profit Sharing Plan (AR) 355 · 0 off
- Ford Audio-Video Systems, LLC 401(k) Retirement Plan (OK) 355 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.