401(k) · DOL Form 5500 · 2024

Magic City Motor Corporation 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
204
Participants Below avg headcount
56th
Percentile by assets National rank
$49,046
Avg per participant Low balance/head
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Official DOL plan name: Magic City Motor Corporation Employees' Profit Sharing and Savings Plan · Sponsored by Magic City Motor Corporation · Virginia · Retail Trade

$10M in assets, 204 participants

Magic City Motor Corporation's Magic City Motor Corporation Employees' Profit Sharing and Savings Plan reported $10M in total assets and 204 participants in its 2024 DOL Form 5500 filing, ranking in the 56th 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.

  • #5,354 in Retail Trade (8,048 peers)

Coverage in Virginia

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan covers 204 participants in Virginia, about 26% of the average Virginia filer (state average ~782 per filing). Assets: $10M.

#5,354
in Retail Trade (8,048 peers)
+1.5%
assets growth YoY

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan's mid-pack asset rank among Retail Trade and all filers

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan vs every filed plan by assets

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

$10,005,457 Top 44% higher than 56% 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

Magic City Motor Corporation Employees' Profit Sharing and 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. Magic City Motor Corporation Employees' Profit Sharing and Savings Plan sits mid-pack in the medium band (204 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magic City Motor Corporation Employees' Profit Sharing and Savings Plan reported net income fell from $209K in the plan year 2023 filing to $146K in the plan year 2024 filing.
  • Magic City Motor Corporation Employees' Profit Sharing and Savings Plan reported participants rose from 195 in the plan year 2023 filing to 204 in the plan year 2024 filing.
  • Magic City Motor Corporation Employees' Profit Sharing and Savings Plan end-of-year assets rose from $10M in the plan year 2023 filing to $10M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 540290231 · Magic City Motor Corporation PY 2024 · 401(k)

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan · $10M · 204 · 56th

  • EBSA $10M
  • EBSA 204
  • EBSA 56th
  • EBSA 401(k)
  • EBSA near Klaris, Thomson, & Schroeder, Inc. 401(k) Plan
  • EBSA ind #5354

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 Retail Trade retirement plans → · Plans in Virginia →

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan in the asset neighbourhood

Magic City Motor Corporation Employees' Profit Sharing and Savings PlanMagic City Motor Corporation…$10MKlaris, Thomson, & Schroeder, Inc. 401(k) PlanKlaris, Thomson, & Schroeder…$10MGolden Retirement Plan$10MStroudwater Associates Employee Stock Ownership 401(k) PlanStroudwater Associates Emplo…$10MCoffey Communications, Inc. Profit Sharing 401(k) PlanCoffey Communications, Inc. …$10M
End-of-year total assets ($M) among Magic City Motor Corporation Employees' Profit Sharing and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$10M
Net Income$146K
Employer EIN540290231
Plan Effective Date1958-11-28
Filing StatusFILING RECEIVED

Sponsor Plan History (Magic City Motor Corporation)

Sponsor-wide plan assets over time

All Magic City Motor Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$10M 3.6837393498450823% vs 2022
2024 filing year
$9.6M$9.8M$10M$10.2M 202220232024 $9.65M $10M ▲ +3.7%
Year Plans Participants Total Assets
2022 1 175 $10M
2023 1 195 $10M
2024 1 204 $10M

Nearby 401(k) Plans in Virginia

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

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Magic City Motor Corporation Employees' Profit Sharing and Savings Plan, Total assets ($B): 0.010005457 · Participants: 204Magic City Motor Corporation Employees' Profit Sharing and Savings PlanNorthrop Grumman Savings Plan, Total assets ($B): 39.473777135 · Participants: 104719Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 16.840459887 · Participants: 62869401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 12.395006194 · Participants: 49414General Dynamics Corporation 401(k) Plan 6.0Capital One Financial Corporation Associate Savings Plan, Total assets ($B): 12.04952818 · Participants: 44933Capital One Financial Corporation Associate Savings PlanLeidos, Inc. Retirement Plan, Total assets ($B): 11.790942581 · Participants: 29734Leidos, Inc. Retirement Plan
Magic City Motor Corporation Employees' Profit Sharing and Savings Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Magic City Motor Corporation Employees' Profit Sharing and Savings Plan side-by-side with 3 peers →

Magic City Motor Corporation Employees' Profit Sharing and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Klaris, Thomson, & Schroeder, Inc. 401(k) Plan in CA ($10M); by covered participants it is Nappi Distributors, Inc. 401(k) Plan in ME (204 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (204 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 Magic City Motor Corporation Employees' Profit Sharing and Savings Plan assets move in 2024? ▼
Magic City Motor Corporation Employees' Profit Sharing and Savings Plan edged up modestly - up 1.5% during 2024, from $10M to $10M. Reported net income was $146K.
How have Magic City Motor Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magic City Motor Corporation's sponsor-wide assets grew 3.7%, from $10M to $10M.
Which 401(k) plans are similar in size to Magic City Motor Corporation Employees' Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Klaris, Thomson, & Schroeder, Inc. 401(k) Plan in CA ($10M, 13 participants).
Which 401(k) plans cover a similar participant headcount to Magic City Motor Corporation Employees' Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nappi Distributors, Inc. 401(k) Plan in ME (204 participants, $19M 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 540290231.

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.