401(k) · DOL Form 5500 · 2024

Magnit Global Solutions, Inc. 401(k) Plan

Data updated 2026-08-25

$484M
Total assets Above avg plan size
25,100
Participants Very large workforce
97th
Percentile by assets National rank
$19,291
Avg per participant Low balance/head
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Official DOL plan name: Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan · Sponsored by Magnit Global Solutions, Inc. · California · Administrative & Support Services

$484M in assets, 25,100 participants

Magnit Global Solutions, Inc.'s Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan reported $484M in total assets and 25,100 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #4,310 in Administrative & Support Services (4,368 peers)

Coverage in California

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan covers 25,100 participants in California, 40x the typical California plan (state average ~630 per filing). Assets: $484M.

#4,310
in Administrative & Support Services (4,368 peers)
+14.0%
assets growth YoY
4.9×
vs typical plan assets (national mean)

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan's outsized position by total assets

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan vs every filed plan by assets

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

$484,212,581 Top 3% higher than 97% 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

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan is a mega filing (25,100 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan end-of-year assets rose from $425M in the plan year 2023 filing to $484M in the plan year 2024 filing.
  • Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan reported net income fell from $67M in the plan year 2023 filing to $59M in the plan year 2024 filing.
  • Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan reported participants fell from 25,954 in the plan year 2023 filing to 25,100 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 273835632 · Magnit Global Solutions, Inc. PY 2024 · 401(k)

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan · $484M · 25,100 · 97th

  • NET $484M
  • NET 25,100
  • NET 97th
  • NET 401(k)
  • NET near Thompson Coburn LLP 401(k) Profit Sharing Plan
  • NET ind #4310

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 Administrative & Support Services retirement plans → · Plans in California →

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan in the asset neighbourhood

Toshiba Tec U.S. Employees' 401(k) Savings PlanToshiba Tec U.S. Employees' …$485MHmshost Hudson 401(k) Retirement Savings PlanHmshost Hudson 401(k) Retire…$485MThompson Coburn LLP 401(k) Profit Sharing PlanThompson Coburn LLP 401(k) P…$484MMagnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings PlanMagnit Global Solutions, Inc…$484MBuchanan Ingersoll & Rooney PC Retirement Savings PlanBuchanan Ingersoll & Rooney …$484M
End-of-year total assets ($M) among Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$425M
Net Assets (End of Year)$484M
Net Income$59M
Employer EIN273835632
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnit Global Solutions, Inc.)

Sponsor-wide plan assets over time

All Magnit Global Solutions, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$484M 65.98206818423101% vs 2022
2024 filing year
$200M$300M$400M$500M$600M 202220232024 $292M $484M ▲ +66.0%
Year Plans Participants Total Assets
2022 1 19,516 $292M
2023 1 25,954 $425M
2024 1 25,100 $484M

Nearby 401(k) Plans in California

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

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -200204060 Total assets ($B) Participants Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan, Total assets ($B): 0.484212581 · Participants: 25100Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan side-by-side with 3 peers →

Scale composition for Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan reports $484M in end-of-year assets across 25,100 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 covered participants) - about $19,291 per participant (14% of the national average assets-per-participant) . Net income for plan year 2024 was $59M.

This plan identity (EIN 273835632, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $292M to $484M (+66.0%) while covered participants moved from 19,516 to 25,100 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 19,516 $292M Open filing
2023 25,954 $425M Open filing
2024 · index core 25,100 $484M This page

Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Thompson Coburn LLP 401(k) Profit Sharing Plan in MO ($484M); by covered participants it is Iowa Health System Section 401(k) Retirement Savings Plan in IA (25,072 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (25,100 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 Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan assets move in 2024? ▼
Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan grew at a solid clip - up 14.0% during 2024, from $425M to $484M. Reported net income was $59M.
How have Magnit Global Solutions, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnit Global Solutions, Inc.'s sponsor-wide assets grew 66.0%, from $292M to $484M.
Where does Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan rank by assets among Form 5500 filers? ▼
Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Thompson Coburn LLP 401(k) Profit Sharing Plan in MO ($484M, 774 participants).
Which 401(k) plans cover a similar participant headcount to Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Iowa Health System Section 401(k) Retirement Savings Plan in IA (25,072 participants, $3.3B 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 273835632.

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.