Civic Intelligence

Magna-Power Electronics Inc.

Plan context: MAGNA-POWER 401(K) PLAN

EIN 22-2626767 • Flemington, NJ • 8 filings • 2 plans

39 Royal RoadFlemington, NJ 08822
Current Snapshot

Latest Year

2024

2024 Participants

104

2024 Assets

$3,273,517

2024 Contributions

$590,750

Historical Graphs

Total Assets Over Time

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

$3,273,517$1,636,759$0201820212024YearValue
$3,273,517Latest year 2024

Participants Over Time

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

113570201820212024YearValue
104Latest year 2024

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
20242104$3,273,517$590,750$5,680iApproximate average salary by contribution assumption: employee only about $142,007 at 4% or $94,671 at 6%; with 50% employer match about $94,671 at 4% or $63,114 at 6%; with 100% employer match about $71,004 at 4% or $47,336 at 6%.
MAGNA-POWER 401(K) PLAN-101$3,273,517$590,750$5,849iApproximate average salary by contribution assumption: employee only about $146,225 at 4% or $97,483 at 6%; with 50% employer match about $97,483 at 4% or $64,989 at 6%; with 100% employer match about $73,113 at 4% or $48,742 at 6%.
Magna-Power Electronics Welfare Benefits Plan-104---
20231113$2,610,713$479,411$4,243iApproximate average salary by contribution assumption: employee only about $106,064 at 4% or $70,710 at 6%; with 50% employer match about $70,710 at 4% or $47,140 at 6%; with 100% employer match about $53,032 at 4% or $35,355 at 6%.
MAGNA-POWER 401(K) PLAN-113$2,610,713$479,411$4,243iApproximate average salary by contribution assumption: employee only about $106,064 at 4% or $70,710 at 6%; with 50% employer match about $70,710 at 4% or $47,140 at 6%; with 100% employer match about $53,032 at 4% or $35,355 at 6%.
20221105$1,935,223$466,768$4,445iApproximate average salary by contribution assumption: employee only about $111,135 at 4% or $74,090 at 6%; with 50% employer match about $74,090 at 4% or $49,393 at 6%; with 100% employer match about $55,568 at 4% or $37,045 at 6%.
MAGNA-POWER 401(K) PLAN-105$1,935,223$466,768$4,445iApproximate average salary by contribution assumption: employee only about $111,135 at 4% or $74,090 at 6%; with 50% employer match about $74,090 at 4% or $49,393 at 6%; with 100% employer match about $55,568 at 4% or $37,045 at 6%.
2021192$1,891,889$338,914$3,684iApproximate average salary by contribution assumption: employee only about $92,096 at 4% or $61,397 at 6%; with 50% employer match about $61,397 at 4% or $40,932 at 6%; with 100% employer match about $46,048 at 4% or $30,699 at 6%.
MAGNA-POWER 401(K) PLAN-92$1,891,889$338,914$3,684iApproximate average salary by contribution assumption: employee only about $92,096 at 4% or $61,397 at 6%; with 50% employer match about $61,397 at 4% or $40,932 at 6%; with 100% employer match about $46,048 at 4% or $30,699 at 6%.
2020193$1,378,846$378,917$4,074iApproximate average salary by contribution assumption: employee only about $101,859 at 4% or $67,906 at 6%; with 50% employer match about $67,906 at 4% or $45,271 at 6%; with 100% employer match about $50,930 at 4% or $33,953 at 6%.
MAGNA-POWER 401(K) PLAN-93$1,378,846$378,917$4,074iApproximate average salary by contribution assumption: employee only about $101,859 at 4% or $67,906 at 6%; with 50% employer match about $67,906 at 4% or $45,271 at 6%; with 100% employer match about $50,930 at 4% or $33,953 at 6%.
2019192$847,957$271,312$2,949iApproximate average salary by contribution assumption: employee only about $73,726 at 4% or $49,151 at 6%; with 50% employer match about $49,151 at 4% or $32,767 at 6%; with 100% employer match about $36,863 at 4% or $24,575 at 6%.
MAGNA-POWER 401(K) PLAN-92$847,957$271,312$2,949iApproximate average salary by contribution assumption: employee only about $73,726 at 4% or $49,151 at 6%; with 50% employer match about $49,151 at 4% or $32,767 at 6%; with 100% employer match about $36,863 at 4% or $24,575 at 6%.
2018190$515,796$648,351$7,204iApproximate average salary by contribution assumption: employee only about $180,098 at 4% or $120,065 at 6%; with 50% employer match about $120,065 at 4% or $80,043 at 6%; with 100% employer match about $90,049 at 4% or $60,033 at 6%.
MAGNA-POWER 401(K) PLAN-90$515,796$648,351$7,204iApproximate average salary by contribution assumption: employee only about $180,098 at 4% or $120,065 at 6%; with 50% employer match about $120,065 at 4% or $80,043 at 6%; with 100% employer match about $90,049 at 4% or $60,033 at 6%.