Defined Benefit (Pension) · DOL Form 5500 · 2024

Magnetek, Inc. Pension Plan

Data updated 2026-08-25

$93M
Total assets Below avg plan size
47
Participants Small participant base
90th
Percentile by assets National rank
$2.0M
Avg per participant High balance/head
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Official DOL plan name: Magnetek Flexcare Plus Retirement Pension Plan · Sponsored by Magnetek, Inc. · New York · Manufacturing

$93M in assets, 47 participants

Magnetek, Inc.'s Magnetek Flexcare Plus Retirement Pension Plan reported $93M in total assets and 47 participants in its 2024 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,146 in Manufacturing (17,777 peers)

Where Magnetek Flexcare Plus Retirement Pension Plan sits by assets

Magnetek Flexcare Plus Retirement Pension Plan sits in the top 10% of all filed plans by assets, $93M for 47 participants (~$2.0M/participant), down 7.2% in 2024.

#15,146
in Manufacturing (17,777 peers)
-7.2%
assets change YoY
0.9×
vs typical plan assets (national mean)

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magnetek Flexcare Plus Retirement Pension Plan's outsized position by total assets

Magnetek Flexcare Plus Retirement Pension Plan vs every filed plan by assets

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

$93,282,262 Top 10% higher than 90% 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

Magnetek Flexcare Plus Retirement Pension Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magnetek Flexcare Plus Retirement Pension Plan is a small filing (47 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magnetek Flexcare Plus Retirement Pension Plan reported net income fell from -$203K in the plan year 2023 filing to -$7M in the plan year 2024 filing.
  • Magnetek Flexcare Plus Retirement Pension Plan end-of-year assets fell from $100M in the plan year 2023 filing to $93M in the plan year 2024 filing.
  • Magnetek Flexcare Plus Retirement Pension Plan reported participants fell from 50 in the plan year 2023 filing to 47 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 953917584 · Magnetek, Inc. PY 2024 · Defined Benefit (Pension)

Magnetek Flexcare Plus Retirement Pension Plan · $93M · 47 · 90th

  • EIN $93M
  • EIN 47
  • EIN 90th
  • EIN Defined Benefit (Pension)
  • EIN near Mayo Clinic Saint Marys Hospital Retirement Plan
  • EIN ind #15146

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 New York →

Magnetek Flexcare Plus Retirement Pension Plan in the asset neighbourhood

Church Mutual Insurance Company Cash Balance PlanChurch Mutual Insurance Comp…$94MPlumbers and Steamfitters Local 396 Pension FundPlumbers and Steamfitters Lo…$93MRadio, Tv & Recording Arts Pension FundRadio, Tv & Recording Arts P…$93MMagnetek Flexcare Plus Retirement Pension PlanMagnetek Flexcare Plus Retir…$93MMayo Clinic Saint Marys Hospital Retirement PlanMayo Clinic Saint Marys Hosp…$93M
End-of-year total assets ($M) among Magnetek Flexcare Plus Retirement Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$100M
Net Assets (End of Year)$93M
Net Income-$7M
Employer EIN953917584
Plan Effective Date1988-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnetek, Inc.)

Sponsor-wide plan assets over time

All Magnetek, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$93M 7.365068124895275% vs 2022
2024 filing year
$90M$95M$100M$105M 202220232024 $101M $93.3M ▼ -7.4%
Year Plans Participants Total Assets
2022 1 52 $101M
2023 1 50 $100M
2024 1 47 $93M

Nearby Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Magnetek Flexcare Plus Retirement Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -505101520 Total assets ($B) Participants Magnetek Flexcare Plus Retirement Pension Plan, Total assets ($B): 0.093282262 · Participants: 47Magnetek Flexcare Plus Retirement Pension PlanIBM Personal Pension Plan, Total assets ($B): 17.919858993 · Participants: 48014IBM Personal Pension Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.913316696 · Participants: 1118331199seiu Health Care Employees Pension FundConsolidated Edison Retirement Plan, Total assets ($B): 15.588456377 · Participants: 10608Consolidated Edison Retirement PlanPfizer Consolidated Pension Plan, Total assets ($B): 9.970337119 · Participants: 8876Pfizer Consolidated Pension PlanGE Energy Pension Plan, Total assets ($B): 8.92290143 · Participants: 5829GE Energy Pension Plan
Magnetek Flexcare Plus Retirement Pension Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Magnetek Flexcare Plus Retirement Pension Plan side-by-side with 3 peers →

Magnetek Flexcare Plus Retirement Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Mayo Clinic Saint Marys Hospital Retirement Plan in MN ($93M); by covered participants it is Securityplus Federal Credit Union Retirement Pension Plan in MD (47 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (47 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 Magnetek Flexcare Plus Retirement Pension Plan assets move in 2024? ▼
Magnetek Flexcare Plus Retirement Pension Plan pulled back noticeably - down 7.2% during 2024, from $100M to $93M. Reported net income was -$7M.
How have Magnetek, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnetek, Inc.'s sponsor-wide assets declined 7.4%, from $101M to $93M.
Where does Magnetek Flexcare Plus Retirement Pension Plan rank by assets among Form 5500 filers? ▼
Magnetek Flexcare Plus Retirement Pension Plan ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Magnetek Flexcare Plus Retirement Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mayo Clinic Saint Marys Hospital Retirement Plan in MN ($93M, 1,247 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Magnetek Flexcare Plus Retirement Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Securityplus Federal Credit Union Retirement Pension Plan in MD (47 participants, $34M 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 953917584.

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.