401(k) · DOL Form 5500 · 2024
US Magnesium LLC 401(k) Plan
Data updated 2026-08-25
- $34M
- Total assets Below avg plan size
- 118
- Participants Small participant base
- 79th
- Percentile by assets National rank
- $292,190
- Avg per participant High balance/head
Official DOL plan name: US Magnesium LLC Salaried Pension and 401(k) Plan · Sponsored by US Magnesium LLC · Utah · Manufacturing
$34M in assets, 118 participants
US Magnesium LLC's US Magnesium LLC Salaried Pension and 401(k) Plan reported $34M in total assets and 118 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.
- #12,698 in Manufacturing (17,777 peers)
Coverage in Utah
US Magnesium LLC Salaried Pension and 401(k) Plan covers 118 participants in Utah, about 20% of the average Utah filer (state average ~592 per filing). Assets: $34M.
- #12,698
- in Manufacturing (17,777 peers)
- -13.6%
- assets change YoY
- 0.3×
- vs typical plan assets (national mean)
The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
US Magnesium LLC Salaried Pension and 401(k) Plan's outsized position by total assets
US Magnesium LLC Salaried Pension and 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$34,478,430 Top 21% higher than 79% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
US Magnesium LLC Salaried Pension and 401(k) 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. US Magnesium LLC Salaried Pension and 401(k) Plan sits mid-pack in the medium band (118 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- US Magnesium LLC Salaried Pension and 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to -$5M in the plan year 2024 filing.
- US Magnesium LLC Salaried Pension and 401(k) Plan reported participants fell from 139 in the plan year 2023 filing to 118 in the plan year 2024 filing.
- US Magnesium LLC Salaried Pension and 401(k) Plan end-of-year assets fell from $40M in the plan year 2023 filing to $34M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 010705446 · US Magnesium LLC PY 2024 · 401(k)
US Magnesium LLC Salaried Pension and 401(k) Plan · $34M · 118 · 79th
- 5500 $34M
- 5500 118
- 5500 79th
- 5500 401(k)
- 5500 near Mormac Marine Group, Inc. Savings and Retirement Plan
- 5500 ind #12698
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 Utah →
US Magnesium LLC Salaried Pension and 401(k) Plan in the asset neighbourhood
Utah filing particulars
| Total Assets (Beginning of Year) | $40M |
|---|---|
| Net Assets (End of Year) | $34M |
| Net Income | -$5M |
| Employer EIN | 010705446 |
| Plan Effective Date | 1989-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (US Magnesium LLC)
Sponsor-wide plan assets over time
All US Magnesium LLC plans reported in each filing year
- Latest sponsor-wide plan assets
- $66M 18.495045563043472% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 487 | $80M |
| 2023 | 3 | 371 | $76M |
| 2024 | 3 | 309 | $66M |
Nearby 401(k) Plans in Utah
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Intermountain Health 401(k) Plan $6.8B · 68,360
- Deseret 401(k) Plan $6.1B · 25,301
- Zions Bancorporation, N.a. Payshelter 401(k) and Employee Stock Ownership Plan $1.9B · 9,972
- Skywest, Inc. Employees' Retirement Plan $1.4B · 14,259
- Rio Tinto America Inc. 401(k) Savings Plan and Investment Partnership Plan $687M · 1,926
US Magnesium LLC Salaried Pension and 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Utah, the nearest 401(k) by assets is Mormac Marine Group, Inc. Savings and Retirement Plan in OH ($34M); by covered participants it is Hyperform, Inc. 401(k) Profit Sharing Plan and Trust in FL (118 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($34M here).
- Mormac Marine Group, Inc. Savings and Retirement Plan (OH) $34M · 790
- Kollective Management Services, LLC 401(k) Plan (NJ) $34M · 568
- Nfi Group - Participating Union 401(k) Plan (IL) $34M · 1,606
- Gallagher Sharp 401(k) Plan (OH) $34M · 76
Similar participant headcount
Nearest other-state filings by covered participants (118 participants); asset peers above are excluded.
- Hyperform, Inc. 401(k) Profit Sharing Plan and Trust (FL) 118 · 0 off
- Afml, Inc. 401(k) Profit Sharing Plan (GA) 118 · 0 off
- Galfab Holdings, Inc. 401(k) Plan (IN) 118 · 0 off
- Syscom Global Solutions Inc. 401(k) Plan (NY) 118 · 0 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.