Civic Intelligence

Industrial Magnetics Inc.

Plan context: Industrial Magnetics Inc. 401K Profit Sharing Plan

EIN 38-1684048 • Boyne City, MI • 26 filings • 5 plans

1385 M-75 SouthBoyne City, MI 49712-0080
Current Snapshot

Latest Year

2024

2024 Participants

223

2024 Assets

$28,638,131

2024 Contributions

$2,948,670

Historical Graphs

Total Assets Over Time

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

$28,638,131$14,319,066$0199920132024YearValue
$28,638,131Latest year 2024

Participants Over Time

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

2231120199920122024YearValue
223Latest 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
20241223$28,638,131$2,948,670$13,223iApproximate average salary by contribution assumption: employee only about $330,568 at 4% or $220,379 at 6%; with 50% employer match about $220,379 at 4% or $146,919 at 6%; with 100% employer match about $165,284 at 4% or $110,189 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-223$28,638,131$2,948,670$13,223iApproximate average salary by contribution assumption: employee only about $330,568 at 4% or $220,379 at 6%; with 50% employer match about $220,379 at 4% or $146,919 at 6%; with 100% employer match about $165,284 at 4% or $110,189 at 6%.
20231220$26,987,901$2,770,200$12,592iApproximate average salary by contribution assumption: employee only about $314,795 at 4% or $209,864 at 6%; with 50% employer match about $209,864 at 4% or $139,909 at 6%; with 100% employer match about $157,398 at 4% or $104,932 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-220$26,987,901$2,770,200$12,592iApproximate average salary by contribution assumption: employee only about $314,795 at 4% or $209,864 at 6%; with 50% employer match about $209,864 at 4% or $139,909 at 6%; with 100% employer match about $157,398 at 4% or $104,932 at 6%.
20221221$22,710,044$2,498,036$11,303iApproximate average salary by contribution assumption: employee only about $282,583 at 4% or $188,389 at 6%; with 50% employer match about $188,389 at 4% or $125,593 at 6%; with 100% employer match about $141,292 at 4% or $94,194 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-221$22,710,044$2,498,036$11,303iApproximate average salary by contribution assumption: employee only about $282,583 at 4% or $188,389 at 6%; with 50% employer match about $188,389 at 4% or $125,593 at 6%; with 100% employer match about $141,292 at 4% or $94,194 at 6%.
20211209$25,626,110$2,120,933$10,148iApproximate average salary by contribution assumption: employee only about $253,700 at 4% or $169,133 at 6%; with 50% employer match about $169,133 at 4% or $112,756 at 6%; with 100% employer match about $126,850 at 4% or $84,567 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-209$25,626,110$2,120,933$10,148iApproximate average salary by contribution assumption: employee only about $253,700 at 4% or $169,133 at 6%; with 50% employer match about $169,133 at 4% or $112,756 at 6%; with 100% employer match about $126,850 at 4% or $84,567 at 6%.
20201189$23,142,730$1,682,616$8,903iApproximate average salary by contribution assumption: employee only about $222,568 at 4% or $148,379 at 6%; with 50% employer match about $148,379 at 4% or $98,919 at 6%; with 100% employer match about $111,284 at 4% or $74,189 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-189$23,142,730$1,682,616$8,903iApproximate average salary by contribution assumption: employee only about $222,568 at 4% or $148,379 at 6%; with 50% employer match about $148,379 at 4% or $98,919 at 6%; with 100% employer match about $111,284 at 4% or $74,189 at 6%.
20191170$20,147,154$1,706,045$10,036iApproximate average salary by contribution assumption: employee only about $250,889 at 4% or $167,259 at 6%; with 50% employer match about $167,259 at 4% or $111,506 at 6%; with 100% employer match about $125,444 at 4% or $83,630 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-170$20,147,154$1,706,045$10,036iApproximate average salary by contribution assumption: employee only about $250,889 at 4% or $167,259 at 6%; with 50% employer match about $167,259 at 4% or $111,506 at 6%; with 100% employer match about $125,444 at 4% or $83,630 at 6%.
20181163$17,162,709$1,452,142$8,909iApproximate average salary by contribution assumption: employee only about $222,721 at 4% or $148,481 at 6%; with 50% employer match about $148,481 at 4% or $98,987 at 6%; with 100% employer match about $111,361 at 4% or $74,240 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-163$17,162,709$1,452,142$8,909iApproximate average salary by contribution assumption: employee only about $222,721 at 4% or $148,481 at 6%; with 50% employer match about $148,481 at 4% or $98,987 at 6%; with 100% employer match about $111,361 at 4% or $74,240 at 6%.
20171154$17,208,787$1,508,982$9,799iApproximate average salary by contribution assumption: employee only about $244,965 at 4% or $163,310 at 6%; with 50% employer match about $163,310 at 4% or $108,873 at 6%; with 100% employer match about $122,482 at 4% or $81,655 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-154$17,208,787$1,508,982$9,799iApproximate average salary by contribution assumption: employee only about $244,965 at 4% or $163,310 at 6%; with 50% employer match about $163,310 at 4% or $108,873 at 6%; with 100% employer match about $122,482 at 4% or $81,655 at 6%.
20161144$13,928,814$1,139,408$7,913iApproximate average salary by contribution assumption: employee only about $197,814 at 4% or $131,876 at 6%; with 50% employer match about $131,876 at 4% or $87,917 at 6%; with 100% employer match about $98,907 at 4% or $65,938 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-144$13,928,814$1,139,408$7,913iApproximate average salary by contribution assumption: employee only about $197,814 at 4% or $131,876 at 6%; with 50% employer match about $131,876 at 4% or $87,917 at 6%; with 100% employer match about $98,907 at 4% or $65,938 at 6%.
20151144$12,614,743$1,009,035$7,007iApproximate average salary by contribution assumption: employee only about $175,180 at 4% or $116,786 at 6%; with 50% employer match about $116,786 at 4% or $77,858 at 6%; with 100% employer match about $87,590 at 4% or $58,393 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-144$12,614,743$1,009,035$7,007iApproximate average salary by contribution assumption: employee only about $175,180 at 4% or $116,786 at 6%; with 50% employer match about $116,786 at 4% or $77,858 at 6%; with 100% employer match about $87,590 at 4% or $58,393 at 6%.
2014185$8,217,417$520,711$6,126iApproximate average salary by contribution assumption: employee only about $153,150 at 4% or $102,100 at 6%; with 50% employer match about $102,100 at 4% or $68,067 at 6%; with 100% employer match about $76,575 at 4% or $51,050 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-85$8,217,417$520,711$6,126iApproximate average salary by contribution assumption: employee only about $153,150 at 4% or $102,100 at 6%; with 50% employer match about $102,100 at 4% or $68,067 at 6%; with 100% employer match about $76,575 at 4% or $51,050 at 6%.
2013180$7,718,438$456,631$5,708iApproximate average salary by contribution assumption: employee only about $142,697 at 4% or $95,131 at 6%; with 50% employer match about $95,131 at 4% or $63,421 at 6%; with 100% employer match about $71,349 at 4% or $47,566 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-80$7,718,438$456,631$5,708iApproximate average salary by contribution assumption: employee only about $142,697 at 4% or $95,131 at 6%; with 50% employer match about $95,131 at 4% or $63,421 at 6%; with 100% employer match about $71,349 at 4% or $47,566 at 6%.
2012177$6,090,352$435,435$5,655iApproximate average salary by contribution assumption: employee only about $141,375 at 4% or $94,250 at 6%; with 50% employer match about $94,250 at 4% or $62,833 at 6%; with 100% employer match about $70,688 at 4% or $47,125 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-77$6,090,352$435,435$5,655iApproximate average salary by contribution assumption: employee only about $141,375 at 4% or $94,250 at 6%; with 50% employer match about $94,250 at 4% or $62,833 at 6%; with 100% employer match about $70,688 at 4% or $47,125 at 6%.
2011178$5,156,091$413,771$5,305iApproximate average salary by contribution assumption: employee only about $132,619 at 4% or $88,413 at 6%; with 50% employer match about $88,413 at 4% or $58,942 at 6%; with 100% employer match about $66,309 at 4% or $44,206 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-78$5,156,091$413,771$5,305iApproximate average salary by contribution assumption: employee only about $132,619 at 4% or $88,413 at 6%; with 50% employer match about $88,413 at 4% or $58,942 at 6%; with 100% employer match about $66,309 at 4% or $44,206 at 6%.
2010175$5,264,698$367,049$4,894iApproximate average salary by contribution assumption: employee only about $122,350 at 4% or $81,566 at 6%; with 50% employer match about $81,566 at 4% or $54,378 at 6%; with 100% employer match about $61,175 at 4% or $40,783 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-75$5,264,698$367,049$4,894iApproximate average salary by contribution assumption: employee only about $122,350 at 4% or $81,566 at 6%; with 50% employer match about $81,566 at 4% or $54,378 at 6%; with 100% employer match about $61,175 at 4% or $40,783 at 6%.
2009177$4,304,460$329,030$4,273iApproximate average salary by contribution assumption: employee only about $106,828 at 4% or $71,219 at 6%; with 50% employer match about $71,219 at 4% or $47,479 at 6%; with 100% employer match about $53,414 at 4% or $35,609 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-77$4,304,460$329,030$4,273iApproximate average salary by contribution assumption: employee only about $106,828 at 4% or $71,219 at 6%; with 50% employer match about $71,219 at 4% or $47,479 at 6%; with 100% employer match about $53,414 at 4% or $35,609 at 6%.
2008171$0$0-
Industrial Magnetics Inc. 401K Profit Sharing Plan-71---
2007175$4,472,383$489,376$6,525iApproximate average salary by contribution assumption: employee only about $163,125 at 4% or $108,750 at 6%; with 50% employer match about $108,750 at 4% or $72,500 at 6%; with 100% employer match about $81,563 at 4% or $54,375 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-75$4,472,383$489,376$6,525iApproximate average salary by contribution assumption: employee only about $163,125 at 4% or $108,750 at 6%; with 50% employer match about $108,750 at 4% or $72,500 at 6%; with 100% employer match about $81,563 at 4% or $54,375 at 6%.
2006172$3,885,486$436,281$6,059iApproximate average salary by contribution assumption: employee only about $151,486 at 4% or $100,991 at 6%; with 50% employer match about $100,991 at 4% or $67,327 at 6%; with 100% employer match about $75,743 at 4% or $50,495 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-72$3,885,486$436,281$6,059iApproximate average salary by contribution assumption: employee only about $151,486 at 4% or $100,991 at 6%; with 50% employer match about $100,991 at 4% or $67,327 at 6%; with 100% employer match about $75,743 at 4% or $50,495 at 6%.
2005167$3,172,117$373,600$5,576iApproximate average salary by contribution assumption: employee only about $139,403 at 4% or $92,935 at 6%; with 50% employer match about $92,935 at 4% or $61,957 at 6%; with 100% employer match about $69,701 at 4% or $46,468 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-67$3,172,117$373,600$5,576iApproximate average salary by contribution assumption: employee only about $139,403 at 4% or $92,935 at 6%; with 50% employer match about $92,935 at 4% or $61,957 at 6%; with 100% employer match about $69,701 at 4% or $46,468 at 6%.
2004161$3,267,287$313,296$5,136iApproximate average salary by contribution assumption: employee only about $128,400 at 4% or $85,600 at 6%; with 50% employer match about $85,600 at 4% or $57,067 at 6%; with 100% employer match about $64,200 at 4% or $42,800 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-61$3,267,287$313,296$5,136iApproximate average salary by contribution assumption: employee only about $128,400 at 4% or $85,600 at 6%; with 50% employer match about $85,600 at 4% or $57,067 at 6%; with 100% employer match about $64,200 at 4% or $42,800 at 6%.
2003164$3,122,602$328,574$5,134iApproximate average salary by contribution assumption: employee only about $128,349 at 4% or $85,566 at 6%; with 50% employer match about $85,566 at 4% or $57,044 at 6%; with 100% employer match about $64,175 at 4% or $42,783 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-64$3,122,602$328,574$5,134iApproximate average salary by contribution assumption: employee only about $128,349 at 4% or $85,566 at 6%; with 50% employer match about $85,566 at 4% or $57,044 at 6%; with 100% employer match about $64,175 at 4% or $42,783 at 6%.
2002173$2,345,096$325,623$4,461iApproximate average salary by contribution assumption: employee only about $111,515 at 4% or $74,343 at 6%; with 50% employer match about $74,343 at 4% or $49,562 at 6%; with 100% employer match about $55,757 at 4% or $37,172 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-73$2,345,096$325,623$4,461iApproximate average salary by contribution assumption: employee only about $111,515 at 4% or $74,343 at 6%; with 50% employer match about $74,343 at 4% or $49,562 at 6%; with 100% employer match about $55,757 at 4% or $37,172 at 6%.
2001172$0$0-
Industrial Magnetics Inc. 401K Profit Sharing Plan-72---
2000169$2,755,374$326,817$4,736iApproximate average salary by contribution assumption: employee only about $118,412 at 4% or $78,941 at 6%; with 50% employer match about $78,941 at 4% or $52,628 at 6%; with 100% employer match about $59,206 at 4% or $39,471 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-69$2,755,374$326,817$4,736iApproximate average salary by contribution assumption: employee only about $118,412 at 4% or $78,941 at 6%; with 50% employer match about $78,941 at 4% or $52,628 at 6%; with 100% employer match about $59,206 at 4% or $39,471 at 6%.
1999164$2,932,663$299,855$4,685iApproximate average salary by contribution assumption: employee only about $117,131 at 4% or $78,087 at 6%; with 50% employer match about $78,087 at 4% or $52,058 at 6%; with 100% employer match about $58,565 at 4% or $39,044 at 6%.
Industrial Magnetics Inc. 401K Profit Sharing Plan-64$2,932,663$299,855$4,685iApproximate average salary by contribution assumption: employee only about $117,131 at 4% or $78,087 at 6%; with 50% employer match about $78,087 at 4% or $52,058 at 6%; with 100% employer match about $58,565 at 4% or $39,044 at 6%.