401(k) · DOL Form 5500 · 2024

Magnum Electric, Inc. 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
276
Participants Below avg headcount
62nd
Percentile by assets National rank
$48,520
Avg per participant Low balance/head
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Official DOL plan name: Magnum Electric 401(k) Profit Sharing Plan · Sponsored by Magnum Electric, Inc. · North Dakota · Construction

$13M in assets, 276 participants

Magnum Electric, Inc.'s Magnum Electric 401(k) Profit Sharing Plan reported $13M in total assets and 276 participants in its 2024 DOL Form 5500 filing, ranking in the 62nd 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.

  • #5,460 in Construction (9,039 peers)

Magnum Electric, Inc. multi-year trail

Magnum Electric, Inc.'s plans moved +51.2% in assets from 2022 to 2024; this filing shows Magnum Electric 401(k) Profit Sharing Plan at $13M / 276 participants.

#5,460
in Construction (9,039 peers)
+20.7%
assets growth YoY

Magnum Electric 401(k) Profit Sharing Plan's mid-pack asset rank among Construction and all filers

Magnum Electric 401(k) Profit Sharing Plan vs every filed plan by assets

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

$13,391,413 Top 38% higher than 62% 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

Magnum Electric 401(k) 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. Magnum Electric 401(k) Profit Sharing Plan sits mid-pack in the medium band (276 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magnum Electric 401(k) Profit Sharing Plan end-of-year assets rose from $11M in the plan year 2023 filing to $13M in the plan year 2024 filing.
  • Magnum Electric 401(k) Profit Sharing Plan reported participants rose from 244 in the plan year 2023 filing to 276 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 411633269 · Magnum Electric, Inc. PY 2024 · 401(k)

Magnum Electric 401(k) Profit Sharing Plan · $13M · 276 · 62nd

  • BOY $13M
  • BOY 276
  • BOY 62nd
  • BOY 401(k)
  • BOY near Drane & Freyer Profit Sharing Plan
  • BOY ind #5460

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 North Dakota →

Magnum Electric 401(k) Profit Sharing Plan in the asset neighbourhood

Magnum Electric 401(k) Profit Sharing PlanMagnum Electric 401(k) Profi…$13MDrane & Freyer Profit Sharing PlanDrane & Freyer Profit Sharin…$13MAce Ethanol 401(k) Savings PlanAce Ethanol 401(k) Savings P…$13MThunder Bay Community Health Service 401(k) PlanThunder Bay Community Health…$13MAllbridge 401(k) Profit SharingAllbridge 401(k) Profit Shar…$13M
End-of-year total assets ($M) among Magnum Electric 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Magnum Electric, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Magnum Electric, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$13M 51.21843337746699% vs 2022
2024 filing year
$8M$10M$12M$14M 202220232024 $8.86M $13.4M ▲ +51.1%
Year Plans Participants Total Assets
2022 1 232 $9M
2023 1 244 $11M
2024 1 276 $13M

Magnum Electric, Inc. filing trail (2024)

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN411633269
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Dakota

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

Magnum Electric 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Magnum Electric 401(k) Profit Sharing Plan, Total assets ($B): 0.013391413 · Participants: 276Magnum Electric 401(k) Profit Sharing PlanSanford Retirement Savings Plan, Total assets ($B): 3.602462001 · Participants: 31958Sanford Retirement Savings PlanKnife River Corporation 401(k) Retirement Plan, Total assets ($B): 0.856387415 · Participants: 5327Knife River Corporation 401(k) Retirement PlanMdu Resources Group, Inc. 401(k) Retirement Plan, Total assets ($B): 0.775551136 · Participants: 3465Mdu Resources Group, Inc. 401(k) Retirement PlanEide Bailly LLP 401(k) Profit Sharing Plan, Total assets ($B): 0.615317303 · Participants: 2920Eide Bailly LLP 401(k) Profit Sharing PlanOffutt Companies 401(k) Savings Plan, Total assets ($B): 0.591992052 · Participants: 5199Offutt Companies 401(k) Savings Plan
Magnum Electric 401(k) Profit Sharing Plan vs. nearby 401(k) plans in North Dakota, assets vs. participants
Compare Magnum Electric 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside North Dakota, the nearest 401(k) by assets is Drane & Freyer Profit Sharing Plan in IL ($13M); by covered participants it is Fts International, LLC 401(k) Profit Sharing Plan in VA (276 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (276 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 Magnum Electric 401(k) Profit Sharing Plan assets move in 2024? ▼
Magnum Electric 401(k) Profit Sharing Plan grew sharply - up 20.7% during 2024, from $11M to $13M. Reported net income was $2M.
How have Magnum Electric, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnum Electric, Inc.'s sponsor-wide assets grew 51.2%, from $9M to $13M.
Which 401(k) plans are similar in size to Magnum Electric 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Drane & Freyer Profit Sharing Plan in IL ($13M, 6 participants).
Which 401(k) plans cover a similar participant headcount to Magnum Electric 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fts International, LLC 401(k) Profit Sharing Plan in VA (276 participants, $101M 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 411633269.

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.