401(k) · DOL Form 5500 · 2024
Magna Health Systems, LLC 401(k) Plan
Data updated 2026-08-25
- $6M
- Total assets Small plan by assets
- 159
- Participants Small participant base
- 44th
- Percentile by assets National rank
- $36,070
- Avg per participant Low balance/head
Official DOL plan name: Magna Health Systems, LLC 401(k) Plan · Sponsored by Magna Health Systems, LLC · Illinois · Healthcare & Social Assistance
$6M in assets, 159 participants
Magna Health Systems, LLC's Magna Health Systems, LLC 401(k) Plan reported $6M in total assets and 159 participants in its 2024 DOL Form 5500 filing, ranking in the 44th 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.
- #8,132 in Healthcare & Social Assistance (16,916 peers)
Coverage in Illinois
Magna Health Systems, LLC 401(k) Plan covers 159 participants in Illinois, about 20% of the average Illinois filer (state average ~779 per filing). Assets: $6M.
- #8,132
- in Healthcare & Social Assistance (16,916 peers)
- -22.5%
- assets change YoY
The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Magna Health Systems, LLC 401(k) Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers
Magna Health Systems, LLC 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$5,735,175 44th percentile higher than 44% 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
Magna Health Systems, LLC 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. Magna Health Systems, LLC 401(k) Plan sits mid-pack in the medium band (159 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Magna Health Systems, LLC 401(k) Plan reported net income fell from -$773K in the plan year 2023 filing to -$2M in the plan year 2024 filing.
- Magna Health Systems, LLC 401(k) Plan end-of-year assets fell from $7M in the plan year 2023 filing to $6M in the plan year 2024 filing.
- Magna Health Systems, LLC 401(k) Plan reported participants rose from 138 in the plan year 2023 filing to 159 in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 364180953 · Magna Health Systems, LLC PY 2024 · 401(k)
Magna Health Systems, LLC 401(k) Plan · $6M · 159 · 44th
- ASSETS $6M
- ASSETS 159
- ASSETS 44th
- ASSETS 401(k)
- ASSETS near Bowtech, LLC 401-K Plan
- ASSETS ind #8132
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 Healthcare & Social Assistance retirement plans → · Plans in Illinois →
Magna Health Systems, LLC 401(k) Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $7M |
|---|---|
| Net Assets (End of Year) | $6M |
| Net Income | -$2M |
| Employer EIN | 364180953 |
| Plan Effective Date | 1991-05-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magna Health Systems, LLC)
Sponsor-wide plan assets over time
All Magna Health Systems, LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $6M 29.82128651827901% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 128 | $8M |
| 2023 | 1 | 138 | $7M |
| 2024 | 1 | 159 | $6M |
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
Magna Health Systems, LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Bowtech, LLC 401-K Plan in OR ($6M); by covered participants it is Innovative Control Systems, Inc. 401(k) Plan in PA (159 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($6M here).
Similar participant headcount
Nearest other-state filings by covered participants (159 participants); asset peers above are excluded.
- Innovative Control Systems, Inc. 401(k) Plan (PA) 159 · 0 off
- Pembina U.S. Corporation Wealth Accumulation Plan (TX) 159 · 0 off
- Blue Star Gas Associates 401(k) Profit Sharing Plan (CA) 159 · 0 off
- Premier Forge Group Retirement Plan (IN) 159 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.