401(k) · DOL Form 5500 · 2024

Mag Aerospace Industries, LLC 401(k) Plan

Data updated 2026-08-25

$67M
Total assets Below avg plan size
173
Participants Small participant base
87th
Percentile by assets National rank
$385,512
Avg per participant High balance/head
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Official DOL plan name: Mag Savings Plan · Sponsored by Mag Aerospace Industries, LLC · California · Manufacturing

$67M in assets, 173 participants

Mag Aerospace Industries, LLC's Mag Savings Plan reported $67M in total assets and 173 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • #14,471 in Manufacturing (17,777 peers)

Coverage in California

Mag Savings Plan covers 173 participants in California, about 27% of the average California filer (state average ~630 per filing). Assets: $67M.

#14,471
in Manufacturing (17,777 peers)
+9.5%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Mag Savings Plan's outsized position by total assets

Mag Savings Plan vs every filed plan by assets

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

$66,693,499 Top 13% higher than 87% 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

Mag Savings 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. Mag Savings Plan sits mid-pack in the medium band (173 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mag Savings Plan reported net income fell from $8M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Mag Savings Plan end-of-year assets rose from $61M in the plan year 2023 filing to $67M in the plan year 2024 filing.
  • Mag Savings Plan reported participants fell from 176 in the plan year 2023 filing to 173 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 263112085 · Mag Aerospace Industries, LLC PY 2024 · 401(k)

Mag Savings Plan · $67M · 173 · 87th

  • TYPE $67M
  • TYPE 173
  • TYPE 87th
  • TYPE 401(k)
  • TYPE near Crispr Therapeutics 401(k) Retirement Plan
  • TYPE ind #14471

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 California →

Mag Savings Plan in the asset neighbourhood

Pmx Industries, Inc. 401(k) Retirement PlanPmx Industries, Inc. 401(k) …$67MCrispr Therapeutics 401(k) Retirement PlanCrispr Therapeutics 401(k) R…$67MMag Savings Plan$67MSeward & Kissel 401(k) Plan$67MCrestline Hotels & Resorts, LLC Retirement and Savings PlanCrestline Hotels & Resorts, …$67M
End-of-year total assets ($M) among Mag Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$61M
Net Assets (End of Year)$67M
Net Income$5M
Employer EIN263112085
Plan Effective Date1990-03-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Aerospace Industries, LLC)

Sponsor-wide plan assets over time

All Mag Aerospace Industries, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$67M 25.626198392031352% vs 2022
2024 filing year
$50M$55M$60M$65M$70M 202220232024 $53.1M $66.7M ▲ +25.6%
Year Plans Participants Total Assets
2022 1 196 $53M
2023 1 176 $61M
2024 1 173 $67M

Nearby 401(k) Plans in California

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

Mag Savings Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Mag Savings Plan, Total assets ($B): 0.066693499 · Participants: 173Mag 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
Mag Savings Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Mag Savings Plan side-by-side with 3 peers →

Mag Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Crispr Therapeutics 401(k) Retirement Plan in MA ($67M); by covered participants it is Ims Logistics 401(k) Employee Retirement Plan in MS (173 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (173 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 Mag Savings Plan assets move in 2024? ▼
Mag Savings Plan grew at a solid clip - up 9.5% during 2024, from $61M to $67M. Reported net income was $5M.
How have Mag Aerospace Industries, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Aerospace Industries, LLC's sponsor-wide assets grew 25.6%, from $53M to $67M.
Where does Mag Savings Plan rank by assets among Form 5500 filers? ▼
Mag Savings Plan ranks in the 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Mag Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Crispr Therapeutics 401(k) Retirement Plan in MA ($67M, 399 participants).
Which 401(k) plans cover a similar participant headcount to Mag Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ims Logistics 401(k) Employee Retirement Plan in MS (173 participants, $837K 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 263112085.

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.