401(k) · DOL Form 5500 · 2024
Mg Electric Inc. 401(k) Plan
Data updated 2026-08-25
- $3M
- Total assets Small plan by assets
- 127
- Participants Small participant base
- 34th
- Percentile by assets National rank
- $22,841
- Avg per participant Low balance/head
Official DOL plan name: Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust · Sponsored by Mg Electric Inc. · California · Construction
$3M in assets, 127 participants
Mg Electric Inc.'s Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust reported $3M in total assets and 127 participants in its 2024 DOL Form 5500 filing, ranking in the 34th 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.
- #2,925 in Construction (9,039 peers)
Coverage in California
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust covers 127 participants in California, about 20% of the average California filer (state average ~630 per filing). Assets: $3M.
- #2,925
- in Construction (9,039 peers)
- +82.7%
- assets growth YoY
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust's mid-pack asset rank among Construction and all filers
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,900,780 34th percentile higher than 34% 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
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust 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. Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (127 participants).
EBSA filing schedule strip
Filing strip 475207669 · Mg Electric Inc. PY 2024 · 401(k)
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust · $3M · 127 · 34th
- EOY $3M
- EOY 127
- EOY 34th
- EOY 401(k)
- EOY near Creospan 401(k) Plan
- EOY ind #2925
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 California →
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust in the asset neighbourhood
California filing particulars
| Total Assets (Beginning of Year) | $2M |
|---|---|
| Net Assets (End of Year) | $3M |
| Net Income | $1M |
| Employer EIN | 475207669 |
| Plan Effective Date | 2021-01-01 |
| Filing Status | FILING RECEIVED |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Google LLC 401(k) Savings Plan $48.7B · 116,712
- Oracle Corporation 401(k) Savings and Investment Plan $31.0B · 58,962
- Intel 401(k) Savings Plan $24.9B · 55,298
- Apple 401(k) Plan $24.7B · 101,450
- Cisco Systems,Inc. 401(k) Plan $22.7B · 40,452
Mg Electric, Inc. 401(k) Profit Sharing Plan and Trust's out-of-state 401(k) peers by assets and headcount
Outside California, the nearest 401(k) by assets is Creospan 401(k) Plan in IL ($3M); by covered participants it is Wat Opco LLC (Dba Woodlake at Tolland) 401(k) Plan in CT (127 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3M here).
Similar participant headcount
Nearest other-state filings by covered participants (127 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.