401(k) · DOL Form 5500 · 2024

Magnet, LLC 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
314
Participants Below avg headcount
68th
Percentile by assets National rank
$57,106
Avg per participant Low balance/head
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Official DOL plan name: The Magnet Group 401(k) Benefit Plan · Sponsored by Magnet, LLC · Missouri · Manufacturing

$18M in assets, 314 participants

Magnet, LLC's The Magnet Group 401(k) Benefit Plan reported $18M in total assets and 314 participants in its 2024 DOL Form 5500 filing, ranking in the 68th 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.

  • #10,139 in Manufacturing (17,777 peers)

Coverage in Missouri

The Magnet Group 401(k) Benefit Plan covers 314 participants in Missouri, about 43% of the average Missouri filer (state average ~737 per filing). Assets: $18M.

#10,139
in Manufacturing (17,777 peers)
+8.5%
assets growth YoY

The Magnet Group 401(k) Benefit Plan's outsized position by total assets

The Magnet Group 401(k) Benefit Plan vs every filed plan by assets

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

$17,931,315 Top 32% higher than 68% 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

The Magnet Group 401(k) Benefit 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. The Magnet Group 401(k) Benefit Plan sits mid-pack in the medium band (314 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Magnet Group 401(k) Benefit Plan reported net income fell from $2M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • The Magnet Group 401(k) Benefit Plan end-of-year assets rose from $17M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • The Magnet Group 401(k) Benefit Plan reported participants rose from 304 in the plan year 2023 filing to 314 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 431794043 · Magnet, LLC PY 2024 · 401(k)

The Magnet Group 401(k) Benefit Plan · $18M · 314 · 68th

  • PART $18M
  • PART 314
  • PART 68th
  • PART 401(k)
  • PART near Assertio Management, LLC 401(k) Retirement Plan
  • PART ind #10139

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 Missouri →

The Magnet Group 401(k) Benefit Plan in the asset neighbourhood

The Magnet Group 401(k) Benefit PlanThe Magnet Group 401(k) Bene…$18MAssertio Management, LLC 401(k) Retirement PlanAssertio Management, LLC 401…$18MNorthern Medical Group, PLLC Retirement Savings PlanNorthern Medical Group, PLLC…$18MCalifornia-Nevada Illumination, Inc. 401(k) PlanCalifornia-Nevada Illuminati…$18MDenham-Blythe Co., Inc. 401(k) Profit Sharing PlanDenham-Blythe Co., Inc. 401(…$18M
End-of-year total assets ($M) among The Magnet Group 401(k) Benefit Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Missouri filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$18M
Net Income$1M
Employer EIN431794043
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Magnet, LLC)

Sponsor-wide plan assets over time

All Magnet, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$18M 26.44872069441419% vs 2022
2024 filing year
$12M$14M$16M$18M$20M 202220232024 $14.2M $17.9M ▲ +26.4%
Year Plans Participants Total Assets
2022 1 278 $14M
2023 1 304 $17M
2024 1 314 $18M

Nearby 401(k) Plans in Missouri

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

The Magnet Group 401(k) Benefit Plan vs. nearby 401(k) plans in Missouri, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants The Magnet Group 401(k) Benefit Plan, Total assets ($B): 0.017931315 · Participants: 314The Magnet Group 401(k) Benefit PlanEdward D. Jones & Co. Profit Sharing and 401(k) Plan, Total assets ($B): 12.368282167 · Participants: 47254Edward D. Jones & Co. Profit Sharing and 401(k) PlanBayer Corporation Savings and Retirement Plan, Total assets ($B): 10.811159993 · Participants: 19357Bayer Corporation Savings and Retirement PlanEmerson Savings Plan, Total assets ($B): 7.357409447 · Participants: 8315Emerson Savings PlanEnterprise Holdings Retirement Savings Plan, Total assets ($B): 6.521110634 · Participants: 72024Enterprise Holdings Retirement Savings PlanCentene Management Corporation Retirement Plan, Total assets ($B): 4.716699086 · Participants: 53760Centene Management Corporation Retirement Plan
The Magnet Group 401(k) Benefit Plan vs. nearby 401(k) plans in Missouri, assets vs. participants
Compare The Magnet Group 401(k) Benefit Plan side-by-side with 3 peers →

The Magnet Group 401(k) Benefit Plan's out-of-state 401(k) peers by assets and headcount

Outside Missouri, the nearest 401(k) by assets is Assertio Management, LLC 401(k) Retirement Plan in IL ($18M); by covered participants it is Data Center, Inc. Savings & Retirement Plan in KS (314 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (314 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 The Magnet Group 401(k) Benefit Plan assets move in 2024? ▼
The Magnet Group 401(k) Benefit Plan grew at a solid clip - up 8.5% during 2024, from $17M to $18M. Reported net income was $1M.
How have Magnet, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magnet, LLC's sponsor-wide assets grew 26.4%, from $14M to $18M.
Which 401(k) plans are similar in size to The Magnet Group 401(k) Benefit Plan? ▼
Among 401(k) plans in other states, the closest by assets is Assertio Management, LLC 401(k) Retirement Plan in IL ($18M, 122 participants).
Which 401(k) plans cover a similar participant headcount to The Magnet Group 401(k) Benefit Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Data Center, Inc. Savings & Retirement Plan in KS (314 participants, $64M 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 431794043.

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.