401(k) · DOL Form 5500 · 2024

Magnet-Schultz of America, Inc. 401(k) Plan

Data updated 2026-08-25

$9M
Total assets Small plan by assets
121
Participants Small participant base
54th
Percentile by assets National rank
$76,929
Avg per participant Below avg balance/head
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Official DOL plan name: Magnet-Schultz of America, Inc. 401(k) Plan · Sponsored by Magnet-Schultz of America, Inc. · Illinois · Manufacturing

$9M in assets, 121 participants

Magnet-Schultz of America, Inc.'s Magnet-Schultz of America, Inc. 401(k) Plan reported $9M in total assets and 121 participants in its 2024 DOL Form 5500 filing, ranking in the 54th 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.

  • #7,029 in Manufacturing (17,777 peers)

Coverage in Illinois

Magnet-Schultz of America, Inc. 401(k) Plan covers 121 participants in Illinois, about 16% of the average Illinois filer (state average ~779 per filing). Assets: $9M.

#7,029
in Manufacturing (17,777 peers)
+18.6%
assets growth YoY

Magnet-Schultz of America, Inc. 401(k) Plan's mid-pack asset rank among Manufacturing and all filers

Magnet-Schultz of America, Inc. 401(k) Plan vs every filed plan by assets

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

$9,308,434 Top 46% higher than 54% 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

Magnet-Schultz of America, Inc. 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. Magnet-Schultz of America, Inc. 401(k) Plan sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magnet-Schultz of America, Inc. 401(k) Plan reported net income rose from $898K in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Magnet-Schultz of America, Inc. 401(k) Plan end-of-year assets rose from $8M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Magnet-Schultz of America, Inc. 401(k) Plan reported participants fell from 126 in the plan year 2023 filing to 121 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 363703046 · Magnet-Schultz of America, Inc. PY 2024 · 401(k)

Magnet-Schultz of America, Inc. 401(k) Plan · $9M · 121 · 54th

  • VS-ST $9M
  • VS-ST 121
  • VS-ST 54th
  • VS-ST 401(k)
  • VS-ST near Directors Guild of America-Producer Pension & Health Plans Staff 401(k) Plan
  • VS-ST ind #7029

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 →

Magnet-Schultz of America, Inc. 401(k) Plan in the asset neighbourhood

Magnet-Schultz of America, Inc. 401(k) PlanMagnet-Schultz of America, I…$9MDirectors Guild of America-Producer Pension & Health Plans Staff 401(k) PlanDirectors Guild of America-P…$9MHarwood International Incorporated Pension & Profit Sharing PlanHarwood International Incorp…$9MPiedmont Community Health Plan, Inc. Matching Tax Deferred Savings PlanPiedmont Community Health Pl…$9MMaveris 401(k) Plan$9M
End-of-year total assets ($M) among Magnet-Schultz of America, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$9M
Net Income$1M
Employer EIN363703046
Plan Effective Date1993-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnet-Schultz of America, Inc.)

Sponsor-wide plan assets over time

All Magnet-Schultz of America, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$9M 33.93946701829653% vs 2022
2024 filing year
$6M$7M$8M$9M$10M 202220232024 $6.95M $9.31M ▲ +34.0%
Year Plans Participants Total Assets
2022 1 118 $7M
2023 1 126 $8M
2024 1 121 $9M

Nearby 401(k) Plans in Illinois

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

Magnet-Schultz of America, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Magnet-Schultz of America, Inc. 401(k) Plan, Total assets ($B): 0.009308434 · Participants: 121Magnet-Schultz of America, Inc. 401(k) PlanAccenture United States 401(k) Match and Savings Plan, Total assets ($B): 21.302643276 · Participants: 66965Accenture United States 401(k) Match and Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 19.010099056 · Participants: 63297State Farm 401(k) Savings PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 16.835964452 · Participants: 16659United Airlines Pilot Retirement Account PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 15.755668 · Participants: 38229Abbott Laboratories Stock Retirement PlanWalgreens Retirement Savings Plan, Total assets ($B): 14.535873337 · Participants: 233635Walgreens Retirement Savings Plan
Magnet-Schultz of America, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Magnet-Schultz of America, Inc. 401(k) Plan side-by-side with 3 peers →

Magnet-Schultz of America, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Directors Guild of America-Producer Pension & Health Plans Staff 401(k) Plan in CA ($9M); by covered participants it is Mwg Holdings Group, Inc. 401(k) Plan in CA (121 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (121 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 Magnet-Schultz of America, Inc. 401(k) Plan assets move in 2024? ▼
Magnet-Schultz of America, Inc. 401(k) Plan grew sharply - up 18.6% during 2024, from $8M to $9M. Reported net income was $1M.
How have Magnet-Schultz of America, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnet-Schultz of America, Inc.'s sponsor-wide assets grew 33.9%, from $7M to $9M.
Which 401(k) plans are similar in size to Magnet-Schultz of America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Directors Guild of America-Producer Pension & Health Plans Staff 401(k) Plan in CA ($9M, 99 participants).
Which 401(k) plans cover a similar participant headcount to Magnet-Schultz of America, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Mwg Holdings Group, Inc. 401(k) Plan in CA (121 participants, $104K 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 363703046.

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.