Civic Intelligence

Magnetation Inc.

Plan context: Magnetation Inc. Retirement Trust

EIN 20-8247363 • Grand Rapids, MN • 6 filings • 2 plans

102 NE 3rd StSuite 120Grand Rapids, MN 55744
Current Snapshot

Latest Year

2016

2016 Participants

14

2016 Assets

$2,746,836

2016 Contributions

$872,302

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,072,834$1,536,417$0201120142016YearValue
$2,746,836Latest year 2016

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

2101050201120142016YearValue
14Latest year 2016

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2016114$2,746,836$872,302$62,307iApproximate average salary by contribution assumption: employee only about $1,557,682 at 4% or $1,038,455 at 6%; with 50% employer match about $1,038,455 at 4% or $692,303 at 6%; with 100% employer match about $778,841 at 4% or $519,227 at 6%.
Magnetation Inc. Retirement Trust-14$2,746,836$872,302$62,307iApproximate average salary by contribution assumption: employee only about $1,557,682 at 4% or $1,038,455 at 6%; with 50% employer match about $1,038,455 at 4% or $692,303 at 6%; with 100% employer match about $778,841 at 4% or $519,227 at 6%.
20151122$3,072,834$1,214,475$9,955iApproximate average salary by contribution assumption: employee only about $248,868 at 4% or $165,912 at 6%; with 50% employer match about $165,912 at 4% or $110,608 at 6%; with 100% employer match about $124,434 at 4% or $82,956 at 6%.
Magnetation Inc. Retirement Trust-122$3,072,834$1,214,475$9,955iApproximate average salary by contribution assumption: employee only about $248,868 at 4% or $165,912 at 6%; with 50% employer match about $165,912 at 4% or $110,608 at 6%; with 100% employer match about $124,434 at 4% or $82,956 at 6%.
20141210$2,526,422$1,814,274$8,639iApproximate average salary by contribution assumption: employee only about $215,985 at 4% or $143,990 at 6%; with 50% employer match about $143,990 at 4% or $95,993 at 6%; with 100% employer match about $107,993 at 4% or $71,995 at 6%.
Magnetation Inc. Retirement Trust-210$2,526,422$1,814,274$8,639iApproximate average salary by contribution assumption: employee only about $215,985 at 4% or $143,990 at 6%; with 50% employer match about $143,990 at 4% or $95,993 at 6%; with 100% employer match about $107,993 at 4% or $71,995 at 6%.
2013170$681,518$521,761$7,454iApproximate average salary by contribution assumption: employee only about $186,343 at 4% or $124,229 at 6%; with 50% employer match about $124,229 at 4% or $82,819 at 6%; with 100% employer match about $93,172 at 4% or $62,114 at 6%.
Magnetation Inc. Retirement Trust-70$681,518$521,761$7,454iApproximate average salary by contribution assumption: employee only about $186,343 at 4% or $124,229 at 6%; with 50% employer match about $124,229 at 4% or $82,819 at 6%; with 100% employer match about $93,172 at 4% or $62,114 at 6%.
2012120$87,974$73,339$3,667iApproximate average salary by contribution assumption: employee only about $91,674 at 4% or $61,116 at 6%; with 50% employer match about $61,116 at 4% or $40,744 at 6%; with 100% employer match about $45,837 at 4% or $30,558 at 6%.
Magnetation Inc. Retirement Trust-20$87,974$73,339$3,667iApproximate average salary by contribution assumption: employee only about $91,674 at 4% or $61,116 at 6%; with 50% employer match about $61,116 at 4% or $40,744 at 6%; with 100% employer match about $45,837 at 4% or $30,558 at 6%.
201113$10,438$10,433$3,478iApproximate average salary by contribution assumption: employee only about $86,942 at 4% or $57,961 at 6%; with 50% employer match about $57,961 at 4% or $38,641 at 6%; with 100% employer match about $43,471 at 4% or $28,981 at 6%.
Magnetation Inc. Retirement Trust-3$10,438$10,433$3,478iApproximate average salary by contribution assumption: employee only about $86,942 at 4% or $57,961 at 6%; with 50% employer match about $57,961 at 4% or $38,641 at 6%; with 100% employer match about $43,471 at 4% or $28,981 at 6%.