401(k) · DOL Form 5500 · 2024
Magid Glove & Safety Manufacturing Company, LLC 401(k) Plan
Data updated 2026-08-25
- $60M
- Total assets Below avg plan size
- 693
- Participants Below avg headcount
- 86th
- Percentile by assets National rank
- $86,736
- Avg per participant Below avg balance/head
Official DOL plan name: Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan · Sponsored by Magid Glove & Safety Manufacturing Company, LLC · Illinois · Manufacturing
$60M in assets, 693 participants
Magid Glove & Safety Manufacturing Company, LLC's Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported $60M in total assets and 693 participants in its 2024 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.
- #14,238 in Manufacturing (17,777 peers)
Where Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits by assets
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $60M for 693 participants (~$86,736/participant), up 10.9% in 2024.
- #14,238
- in Manufacturing (17,777 peers)
- +10.9%
- assets growth YoY
- 0.6×
- vs typical plan assets (national mean)
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan's outsized position by total assets
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$60,107,791 Top 14% higher than 86% 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
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing 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. Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan sits mid-pack in the medium band (693 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported net income fell from $8M in the plan year 2023 filing to $6M in the plan year 2024 filing.
- Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan end-of-year assets rose from $54M in the plan year 2023 filing to $60M in the plan year 2024 filing.
- Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan reported participants rose from 674 in the plan year 2023 filing to 693 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 364057654 · Magid Glove & Safety Manufacturing Company, LLC PY 2024 · 401(k)
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan · $60M · 693 · 86th
- ASSETS $60M
- PCT 693
- EIN 86th
- RANK 401(k)
- PHOTO near C3.Ai, Inc. 401(k) Plan
- IND ind #14238
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 →
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $54M |
|---|---|
| Net Assets (End of Year) | $60M |
| Net Income | $6M |
| Employer EIN | 364057654 |
| Plan Effective Date | 1996-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magid Glove & Safety Manufacturing Company, LLC)
Sponsor-wide plan assets over time
All Magid Glove & Safety Manufacturing Company, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $60M 28.744983505428713% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 659 | $47M |
| 2023 | 1 | 674 | $54M |
| 2024 | 1 | 693 | $60M |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Accenture United States 401(k) Match and Savings Plan $21.3B · 66,965
- State Farm 401(k) Savings Plan $19.0B · 63,297
- United Airlines Pilot Retirement Account Plan $16.8B · 16,659
- Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
- Walgreens Retirement Savings Plan $14.5B · 233,635
Magid Glove and Safety Manufacturing Company, LLC 401(k) and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is C3.Ai, Inc. 401(k) Plan in CA ($60M); by covered participants it is Carousel Motor Group 401(k) Savings Plan in MN (693 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($60M here).
- C3.Ai, Inc. 401(k) Plan (CA) $60M · 753
- Nammo US 401(k) Plan (AZ) $60M · 717
- Hka Global, LLC 401(k) Plan (PA) $60M · 357
- Digimarc 401(k) Profit Sharing Plan (OR) $60M · 187
Similar participant headcount
Nearest other-state filings by covered participants (693 participants); asset peers above are excluded.
- Carousel Motor Group 401(k) Savings Plan (MN) 693 · 0 off
- Central Pacific Bank 401(k) Retirement Savings Plan (HI) 693 · 0 off
- Humanscale 401(k) Plan (NJ) 693 · 0 off
- Togetherwork 401(k) Plan (GA) 693 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.