401(k) · DOL Form 5500 · 2023

J.T. Magen & Company Inc. 401(k) Plan

Data updated 2026-08-25

$55M
Total assets Below avg plan size
263
Participants Below avg headcount
86th
Percentile by assets National rank
$207,472
Avg per participant Above avg balance/head
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Official DOL plan name: J.T. Magen & Company Inc. 401(k) Plan · Sponsored by J.T. Magen & Company Inc. · New York · Construction

$55M in assets, 263 participants

J.T. Magen & Company Inc.'s J.T. Magen & Company Inc. 401(k) Plan reported $55M in total assets and 263 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,606 in Construction (9,030 peers)

Coverage in New York

J.T. Magen & Company Inc. 401(k) Plan covers 263 participants in New York, about 33% of the average New York filer (state average ~798 per filing). Assets: $55M.

#7,606
in Construction (9,030 peers)
+22.5%
assets growth YoY
0.5×
vs typical plan assets (national mean)

J.T. Magen & Company Inc. 401(k) Plan's outsized position by total assets

J.T. Magen & Company Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$54,565,194 Top 14% higher than 86% of 127,068 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 2023

J.T. Magen & Company Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. J.T. Magen & Company Inc. 401(k) Plan sits mid-pack in the medium band (263 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • J.T. Magen & Company Inc. 401(k) Plan reported net income rose from -$8M in the plan year 2022 filing to $10M in the plan year 2023 filing.
  • J.T. Magen & Company Inc. 401(k) Plan end-of-year assets rose from $45M in the plan year 2022 filing to $55M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 113136124 · J.T. Magen & Company Inc. PY 2023 · 401(k)

J.T. Magen & Company Inc. 401(k) Plan · $55M · 263 · 86th

  • 5500 $55M
  • 5500 263
  • 5500 86th
  • 5500 401(k)
  • 5500 near The Profit Sharing Plus Plan (the Plan) of Advantage Management Corporation
  • 5500 ind #7606

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 Construction retirement plans → · Plans in New York →

J.T. Magen & Company Inc. 401(k) Plan in the asset neighbourhood

J.T. Magen & Company Inc. 401(k) PlanJ.T. Magen & Company Inc. 40…$55MThe Profit Sharing Plus Plan (the Plan) of Advantage Management CorporationThe Profit Sharing Plus Plan…$55MOrigami Risk 401(k) Savings & Investment PlanOrigami Risk 401(k) Savings …$55MExtraco Corporation Retirement PlanExtraco Corporation Retireme…$55MBetter Being Co. Retirement PlanBetter Being Co. Retirement …$55M
End-of-year total assets ($M) among J.T. Magen & Company Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$55M
Net Income$10M
Employer EIN113136124
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (J.T. Magen & Company Inc.)

Sponsor-wide plan assets over time

All J.T. Magen & Company Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$65M 45.4540072422443% vs 2022
2024 filing year
$40M$50M$60M$70M 202220232024 $44.6M $64.8M ▲ +45.4%
Year Plans Participants Total Assets
2022 1 265 $45M
2023 1 263 $55M
2024 1 259 $65M

Nearby 401(k) Plans in New York

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

J.T. Magen & Company Inc. 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants J.T. Magen & Company Inc. 401(k) Plan, Total assets ($B): 0.054565194 · Participants: 263J.T. Magen & Company Inc. 401(k) PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
J.T. Magen & Company Inc. 401(k) Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare J.T. Magen & Company Inc. 401(k) Plan side-by-side with 3 peers →

J.T. Magen & Company Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is The Profit Sharing Plus Plan (the Plan) of Advantage Management Corporation in MN ($55M); by covered participants it is Mercer Valve Co., Inc. 401(k) Plan in OK (263 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (263 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did J.T. Magen & Company Inc. 401(k) Plan assets move in 2023? ▼
J.T. Magen & Company Inc. 401(k) Plan grew sharply - up 22.5% during 2023, from $45M to $55M. Reported net income was $10M.
How have J.T. Magen & Company Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), J.T. Magen & Company Inc.'s sponsor-wide assets grew 45.5%, from $45M to $65M.
Where does J.T. Magen & Company Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
J.T. Magen & Company Inc. 401(k) Plan ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to J.T. Magen & Company Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Profit Sharing Plus Plan (the Plan) of Advantage Management Corporation in MN ($55M, 1,110 participants).
Which 401(k) plans cover a similar participant headcount to J.T. Magen & Company Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mercer Valve Co., Inc. 401(k) Plan in OK (263 participants, $4M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 113136124.

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.