Profit Sharing · DOL Form 5500 · 2024
Magichal Velocity Inc. Profit Sharing Plan
Data updated 2026-08-25
- $328K
- Total assets Small plan by assets
- 3
- Participants Small participant base
- 14th
- Percentile by assets National rank
- $109,333
- Avg per participant Below avg balance/head
Official DOL plan name: Magichal Velocity Inc. Retirement Plan · Sponsored by Magichal Velocity Inc. · New York · Other Services
$328K in assets, 3 participants
Magichal Velocity Inc.'s Magichal Velocity Inc. Retirement Plan reported $328K in total assets and 3 participants in its 2024 DOL Form 5500 filing, ranking in the 14th 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.
- #2,360 in Other Services (7,719 peers)
What the 2024 filing shows
Magichal Velocity Inc. Retirement Plan holds $328K for 3 participants - about $109,333 per participant, among the smaller plans by assets on file.
- #2,360
- in Other Services (7,719 peers)
- -6.0%
- assets change YoY
The plan reported a net loss of $21K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Magichal Velocity Inc. Retirement Plan among the smaller filed plans by assets
Magichal Velocity Inc. Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$328,000 14th percentile higher than 14% 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
Magichal Velocity Inc. Retirement Plan among micro filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magichal Velocity Inc. Retirement Plan is a micro filing (3 participants), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Magichal Velocity Inc. Retirement Plan reported net income fell from $38K in the plan year 2023 filing to -$21K in the plan year 2024 filing.
- Magichal Velocity Inc. Retirement Plan end-of-year assets fell from $349K in the plan year 2023 filing to $328K in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 473935542 · Magichal Velocity Inc. PY 2024 · Profit Sharing
Magichal Velocity Inc. Retirement Plan · $328K · 3 · 14th
- BOY $328K
- SCH 3
- EBSA 14th
- PART Profit Sharing
- TYPE near Santiam Farms, Inc Profit Sharing Plan
- NET ind #2360
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 Other Services retirement plans → · Plans in New York →
Magichal Velocity Inc. Retirement Plan in the asset neighbourhood
Filing particulars (2024)
| Total Assets (Beginning of Year) | $349K |
|---|---|
| Net Assets (End of Year) | $328K |
| Net Income | -$21K |
| Employer EIN | 473935542 |
| Plan Effective Date | 2015-05-06 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magichal Velocity Inc.)
Sponsor-wide plan assets over time
All Magichal Velocity Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $328K 5.636751283422115% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3 | $310K |
| 2023 | 1 | 3 | $349K |
| 2024 | 1 | 3 | $328K |
Nearby Profit Sharing Plans in New York
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
- Annuity Plan of the Electrical Industry $2.3B · 18,200
- Annuity Fund Iuoe Local 15, 15a, 15c, 15d AFL-CIO $2.1B · 3,278
- Annuity Fd of the Iuoe Local Union 94, 94a, 94b AFL-CIO $1.8B · 5,817
- The Research Foundation for the State University of New York Retirement Plan $1.3B · 9,758
- Rochester Regional Health 403(b) Defined Contribution Plan $987M · 15,432
Magichal Velocity Inc. Retirement Plan's out-of-state Profit Sharing peers by assets and headcount
Outside New York, the nearest Profit Sharing by assets is Santiam Farms, Inc Profit Sharing Plan in OR ($328K); by covered participants it is Dick & Jane, Inc. Profit Sharing Plan & Trust in CO (3 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($328K here).
- Santiam Farms, Inc Profit Sharing Plan (OR) $328K · 4
- Zempada, Inc. Retirement Plan (PA) $328K · 5
- W. Davila Martinez Retirement Plan (PR) $328K · 1
- Copeland Business Group Inc. Retirement Plan (NC) $328K · 4
Similar participant headcount
Nearest other-state filings by covered participants (3 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.