Civic Intelligence

MAGNECO / METREL, IMC.

Plan context: Magneco Metrel Inc. 401(K) Plan and Trust

EIN 34-1191723 • Addison, IL • 62 filings • 14 plans

223 Interstate RoadAddison, IL 60101
Current Snapshot

Latest Year

2024

2024 Participants

123

2024 Assets

$28,900,537

2024 Contributions

$1,687,714

Historical Graphs

Total Assets Over Time

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

$28,900,537$14,450,269$0200220132024YearValue
$28,900,537Latest year 2024

Participants Over Time

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

138690200020122024YearValue
123Latest 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
20241123$28,900,537$1,687,714$13,721iApproximate average salary by contribution assumption: employee only about $343,031 at 4% or $228,688 at 6%; with 50% employer match about $228,688 at 4% or $152,458 at 6%; with 100% employer match about $171,516 at 4% or $114,344 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-123$28,900,537$1,687,714$13,721iApproximate average salary by contribution assumption: employee only about $343,031 at 4% or $228,688 at 6%; with 50% employer match about $228,688 at 4% or $152,458 at 6%; with 100% employer match about $171,516 at 4% or $114,344 at 6%.
20231138$25,590,228$1,860,563$13,482iApproximate average salary by contribution assumption: employee only about $337,059 at 4% or $224,706 at 6%; with 50% employer match about $224,706 at 4% or $149,804 at 6%; with 100% employer match about $168,529 at 4% or $112,353 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-138$25,590,228$1,860,563$13,482iApproximate average salary by contribution assumption: employee only about $337,059 at 4% or $224,706 at 6%; with 50% employer match about $224,706 at 4% or $149,804 at 6%; with 100% employer match about $168,529 at 4% or $112,353 at 6%.
20221114$20,855,866$1,364,213$11,967iApproximate average salary by contribution assumption: employee only about $299,170 at 4% or $199,446 at 6%; with 50% employer match about $199,446 at 4% or $132,964 at 6%; with 100% employer match about $149,585 at 4% or $99,723 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-114$20,855,866$1,364,213$11,967iApproximate average salary by contribution assumption: employee only about $299,170 at 4% or $199,446 at 6%; with 50% employer match about $199,446 at 4% or $132,964 at 6%; with 100% employer match about $149,585 at 4% or $99,723 at 6%.
2021164$24,929,069$1,061,913$16,592iApproximate average salary by contribution assumption: employee only about $414,810 at 4% or $276,540 at 6%; with 50% employer match about $276,540 at 4% or $184,360 at 6%; with 100% employer match about $207,405 at 4% or $138,270 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-64$24,929,069$1,061,913$16,592iApproximate average salary by contribution assumption: employee only about $414,810 at 4% or $276,540 at 6%; with 50% employer match about $276,540 at 4% or $184,360 at 6%; with 100% employer match about $207,405 at 4% or $138,270 at 6%.
2020162$22,017,054$1,086,142$17,518iApproximate average salary by contribution assumption: employee only about $437,960 at 4% or $291,974 at 6%; with 50% employer match about $291,974 at 4% or $194,649 at 6%; with 100% employer match about $218,980 at 4% or $145,987 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-62$22,017,054$1,086,142$17,518iApproximate average salary by contribution assumption: employee only about $437,960 at 4% or $291,974 at 6%; with 50% employer match about $291,974 at 4% or $194,649 at 6%; with 100% employer match about $218,980 at 4% or $145,987 at 6%.
20192107$19,794,950$1,161,074$10,851iApproximate average salary by contribution assumption: employee only about $271,279 at 4% or $180,853 at 6%; with 50% employer match about $180,853 at 4% or $120,568 at 6%; with 100% employer match about $135,639 at 4% or $90,426 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-64$19,794,950$1,161,074$18,142iApproximate average salary by contribution assumption: employee only about $453,545 at 4% or $302,363 at 6%; with 50% employer match about $302,363 at 4% or $201,575 at 6%; with 100% employer match about $226,772 at 4% or $151,182 at 6%.
Magneco/Metrel Inc. Health Care Plan-107---
20182112$15,088,641$1,079,005$9,634iApproximate average salary by contribution assumption: employee only about $240,849 at 4% or $160,566 at 6%; with 50% employer match about $160,566 at 4% or $107,044 at 6%; with 100% employer match about $120,425 at 4% or $80,283 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-79$15,088,641$1,079,005$13,658iApproximate average salary by contribution assumption: employee only about $341,457 at 4% or $227,638 at 6%; with 50% employer match about $227,638 at 4% or $151,759 at 6%; with 100% employer match about $170,729 at 4% or $113,819 at 6%.
Magneco/Metrel Inc. Health Care Plan-112---
20172127$16,638,131$1,016,462$8,004iApproximate average salary by contribution assumption: employee only about $200,091 at 4% or $133,394 at 6%; with 50% employer match about $133,394 at 4% or $88,929 at 6%; with 100% employer match about $100,045 at 4% or $66,697 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-79$16,638,131$1,016,462$12,867iApproximate average salary by contribution assumption: employee only about $321,665 at 4% or $214,443 at 6%; with 50% employer match about $214,443 at 4% or $142,962 at 6%; with 100% employer match about $160,833 at 4% or $107,222 at 6%.
Magneco/Metrel Inc. Health Care Plan-127---
20163121$13,779,869$1,495,604$12,360iApproximate average salary by contribution assumption: employee only about $309,009 at 4% or $206,006 at 6%; with 50% employer match about $206,006 at 4% or $137,337 at 6%; with 100% employer match about $154,505 at 4% or $103,003 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-78$13,779,869$1,357,871$17,409iApproximate average salary by contribution assumption: employee only about $435,215 at 4% or $290,143 at 6%; with 50% employer match about $290,143 at 4% or $193,429 at 6%; with 100% employer match about $217,608 at 4% or $145,072 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-0$0$137,733-
Magneco/Metrel Inc. Health Care Plan-121---
20153121$13,349,691$962,188$7,952iApproximate average salary by contribution assumption: employee only about $198,799 at 4% or $132,533 at 6%; with 50% employer match about $132,533 at 4% or $88,355 at 6%; with 100% employer match about $99,400 at 4% or $66,266 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-71$12,085,721$962,188$13,552iApproximate average salary by contribution assumption: employee only about $338,799 at 4% or $225,866 at 6%; with 50% employer match about $225,866 at 4% or $150,577 at 6%; with 100% employer match about $169,399 at 4% or $112,933 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-44$1,263,970--
Magneco/Metrel Inc. Health Care Plan-121---
20143121$14,525,650$808,333$6,680iApproximate average salary by contribution assumption: employee only about $167,011 at 4% or $111,341 at 6%; with 50% employer match about $111,341 at 4% or $74,227 at 6%; with 100% employer match about $83,505 at 4% or $55,670 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-63$13,261,462$808,333$12,831iApproximate average salary by contribution assumption: employee only about $320,767 at 4% or $213,845 at 6%; with 50% employer match about $213,845 at 4% or $142,563 at 6%; with 100% employer match about $160,384 at 4% or $106,922 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-42$1,264,188$0-
Magneco/Metrel Inc. Health Care Plan-121---
20133121$14,483,310$897,943$7,421iApproximate average salary by contribution assumption: employee only about $185,525 at 4% or $123,684 at 6%; with 50% employer match about $123,684 at 4% or $82,456 at 6%; with 100% employer match about $92,763 at 4% or $61,842 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-65$13,216,175$897,943$13,815iApproximate average salary by contribution assumption: employee only about $345,363 at 4% or $230,242 at 6%; with 50% employer match about $230,242 at 4% or $153,495 at 6%; with 100% employer match about $172,681 at 4% or $115,121 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-46$1,267,135$0-
Magneco/Metrel Inc. Health Care Plan-121---
20123115$11,732,523$740,434$6,439iApproximate average salary by contribution assumption: employee only about $160,964 at 4% or $107,309 at 6%; with 50% employer match about $107,309 at 4% or $71,540 at 6%; with 100% employer match about $80,482 at 4% or $53,655 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-58$10,658,411$728,046$12,553iApproximate average salary by contribution assumption: employee only about $313,813 at 4% or $209,209 at 6%; with 50% employer match about $209,209 at 4% or $139,472 at 6%; with 100% employer match about $156,906 at 4% or $104,604 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-49$1,074,112$12,388$253iApproximate average salary by contribution assumption: employee only about $6,320 at 4% or $4,214 at 6%; with 50% employer match about $4,214 at 4% or $2,809 at 6%; with 100% employer match about $3,160 at 4% or $2,107 at 6%.
Magneco/Metrel Inc. Health Care Plan-115---
20113115$10,503,924$677,298$5,890iApproximate average salary by contribution assumption: employee only about $147,239 at 4% or $98,159 at 6%; with 50% employer match about $98,159 at 4% or $65,439 at 6%; with 100% employer match about $73,619 at 4% or $49,080 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-60$9,431,301$677,298$11,288iApproximate average salary by contribution assumption: employee only about $282,208 at 4% or $188,138 at 6%; with 50% employer match about $188,138 at 4% or $125,426 at 6%; with 100% employer match about $141,104 at 4% or $94,069 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-5$1,072,623--
Magneco/Metrel Inc. Health Care Plan-115---
2010262$10,372,403$576,608$9,300iApproximate average salary by contribution assumption: employee only about $232,503 at 4% or $155,002 at 6%; with 50% employer match about $155,002 at 4% or $103,335 at 6%; with 100% employer match about $116,252 at 4% or $77,501 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-62$9,098,941$528,302$8,521iApproximate average salary by contribution assumption: employee only about $213,025 at 4% or $142,017 at 6%; with 50% employer match about $142,017 at 4% or $94,678 at 6%; with 100% employer match about $106,513 at 4% or $71,008 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-5$1,273,462$48,306$9,661iApproximate average salary by contribution assumption: employee only about $241,530 at 4% or $161,020 at 6%; with 50% employer match about $161,020 at 4% or $107,347 at 6%; with 100% employer match about $120,765 at 4% or $80,510 at 6%.
2009258$8,944,506$550,732$9,495iApproximate average salary by contribution assumption: employee only about $237,384 at 4% or $158,256 at 6%; with 50% employer match about $158,256 at 4% or $105,504 at 6%; with 100% employer match about $118,692 at 4% or $79,128 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-58$7,755,260$497,732$8,582iApproximate average salary by contribution assumption: employee only about $214,540 at 4% or $143,026 at 6%; with 50% employer match about $143,026 at 4% or $95,351 at 6%; with 100% employer match about $107,270 at 4% or $71,513 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-9$1,189,246$53,000$5,889iApproximate average salary by contribution assumption: employee only about $147,222 at 4% or $98,148 at 6%; with 50% employer match about $98,148 at 4% or $65,432 at 6%; with 100% employer match about $73,611 at 4% or $49,074 at 6%.
2008272$6,674,821$612,648$8,509iApproximate average salary by contribution assumption: employee only about $212,725 at 4% or $141,817 at 6%; with 50% employer match about $141,817 at 4% or $94,544 at 6%; with 100% employer match about $106,363 at 4% or $70,908 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-72$5,794,279$557,648$7,745iApproximate average salary by contribution assumption: employee only about $193,628 at 4% or $129,085 at 6%; with 50% employer match about $129,085 at 4% or $86,057 at 6%; with 100% employer match about $96,814 at 4% or $64,543 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-9$880,542$55,000$6,111iApproximate average salary by contribution assumption: employee only about $152,778 at 4% or $101,852 at 6%; with 50% employer match about $101,852 at 4% or $67,901 at 6%; with 100% employer match about $76,389 at 4% or $50,926 at 6%.
2007270$8,102,823$424,922$6,070iApproximate average salary by contribution assumption: employee only about $151,758 at 4% or $101,172 at 6%; with 50% employer match about $101,172 at 4% or $67,448 at 6%; with 100% employer match about $75,879 at 4% or $50,586 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-70$8,102,823$424,922$6,070iApproximate average salary by contribution assumption: employee only about $151,758 at 4% or $101,172 at 6%; with 50% employer match about $101,172 at 4% or $67,448 at 6%; with 100% employer match about $75,879 at 4% or $50,586 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-11---
2006384$8,100,655$567,203$6,752iApproximate average salary by contribution assumption: employee only about $168,810 at 4% or $112,540 at 6%; with 50% employer match about $112,540 at 4% or $75,027 at 6%; with 100% employer match about $84,405 at 4% or $56,270 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-84$7,118,077$412,203$4,907iApproximate average salary by contribution assumption: employee only about $122,679 at 4% or $81,786 at 6%; with 50% employer match about $81,786 at 4% or $54,524 at 6%; with 100% employer match about $61,340 at 4% or $40,893 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-12$982,578$155,000$12,917iApproximate average salary by contribution assumption: employee only about $322,917 at 4% or $215,278 at 6%; with 50% employer match about $215,278 at 4% or $143,519 at 6%; with 100% employer match about $161,458 at 4% or $107,639 at 6%.
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-0---
2005390$7,275,718$1,715,419$19,060iApproximate average salary by contribution assumption: employee only about $476,505 at 4% or $317,670 at 6%; with 50% employer match about $317,670 at 4% or $211,780 at 6%; with 100% employer match about $238,253 at 4% or $158,835 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-90$6,375,262$1,320,726$14,675iApproximate average salary by contribution assumption: employee only about $366,868 at 4% or $244,579 at 6%; with 50% employer match about $244,579 at 4% or $163,053 at 6%; with 100% employer match about $183,434 at 4% or $122,289 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-10$740,590--
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-0$159,866$394,693-
2004374$7,665,832$571,183$7,719iApproximate average salary by contribution assumption: employee only about $192,967 at 4% or $128,645 at 6%; with 50% employer match about $128,645 at 4% or $85,763 at 6%; with 100% employer match about $96,484 at 4% or $64,322 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-74$5,367,779$277,359$3,748iApproximate average salary by contribution assumption: employee only about $93,702 at 4% or $62,468 at 6%; with 50% employer match about $62,468 at 4% or $41,645 at 6%; with 100% employer match about $46,851 at 4% or $31,234 at 6%.
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-74$2,298,053$293,824$3,971iApproximate average salary by contribution assumption: employee only about $99,265 at 4% or $66,177 at 6%; with 50% employer match about $66,177 at 4% or $44,118 at 6%; with 100% employer match about $49,632 at 4% or $33,088 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-9---
2003362$7,789,062$702,050$11,323iApproximate average salary by contribution assumption: employee only about $283,085 at 4% or $188,723 at 6%; with 50% employer match about $188,723 at 4% or $125,815 at 6%; with 100% employer match about $141,542 at 4% or $94,362 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-62$4,987,370$297,007$4,790iApproximate average salary by contribution assumption: employee only about $119,761 at 4% or $79,841 at 6%; with 50% employer match about $79,841 at 4% or $53,227 at 6%; with 100% employer match about $59,880 at 4% or $39,920 at 6%.
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-61$2,175,727$292,915$4,802iApproximate average salary by contribution assumption: employee only about $120,047 at 4% or $80,031 at 6%; with 50% employer match about $80,031 at 4% or $53,354 at 6%; with 100% employer match about $60,024 at 4% or $40,016 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-19$625,965$112,128$5,901iApproximate average salary by contribution assumption: employee only about $147,537 at 4% or $98,358 at 6%; with 50% employer match about $98,358 at 4% or $65,572 at 6%; with 100% employer match about $73,768 at 4% or $49,179 at 6%.
2002367$2,070,261$372,843$5,565iApproximate average salary by contribution assumption: employee only about $139,121 at 4% or $92,747 at 6%; with 50% employer match about $92,747 at 4% or $61,831 at 6%; with 100% employer match about $69,560 at 4% or $46,374 at 6%.
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-60$1,614,209$267,413$4,457iApproximate average salary by contribution assumption: employee only about $111,422 at 4% or $74,281 at 6%; with 50% employer match about $74,281 at 4% or $49,521 at 6%; with 100% employer match about $55,711 at 4% or $37,141 at 6%.
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-26$456,052$105,430$4,055iApproximate average salary by contribution assumption: employee only about $101,375 at 4% or $67,583 at 6%; with 50% employer match about $67,583 at 4% or $45,056 at 6%; with 100% employer match about $50,688 at 4% or $33,792 at 6%.
Magneco Metrel Inc. 401(K) Plan and Trust-67---
2001361$0$0-
Magneco Metrel Inc. 401(K) Plan and Trust-59---
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-29---
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-61---
2000783$0$0-
MAGNECO-METREL INC SALARIED EMPLOYEES LIFE INSURANCE PLAN-83---
MAGNECO-METREL INC SALARIED EMPLOYEES LONG TERM DISABILITY PLAN-83---
Magneco/Metrel Inc. Salaried Employees Defined Benefit Pension Plan-65---
MAGNECO-METREL INC NEGLEY HOURLY EMPLOYEE LIFE INSURANCE PLAN-31---
Magneco Metrel Inc. 401(K) Plan and Trust-66---
MAGNECO-METREL INC ADDISON HOURLY EMPLOYEES LIFE INSURANCE PLAN-39---
Magneco/Metrel Inc. Hourly Employees Defined Benefit Pension Plan-43---