Civic Intelligence

Magnetic Products Inc.

Plan context: Magnetic Products Inc. 401(K) Plan

EIN 38-2323121 • Highland, MI • 25 filings • 2 plans

683 Town Center Dr, PO Box 529Highland, MI 48357
Current Snapshot

Latest Year

2024

2024 Participants

57

2024 Assets

$4,686,982

2024 Contributions

$433,155

Historical Graphs

Total Assets Over Time

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

$5,309,995$2,654,998$0200020132024YearValue
$4,686,982Latest year 2024

Participants Over Time

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

63320200020122024YearValue
57Latest 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
2024157$4,686,982$433,155$7,599iApproximate average salary by contribution assumption: employee only about $189,980 at 4% or $126,654 at 6%; with 50% employer match about $126,654 at 4% or $84,436 at 6%; with 100% employer match about $94,990 at 4% or $63,327 at 6%.
Magnetic Products Inc. 401(K) Plan-57$4,686,982$433,155$7,599iApproximate average salary by contribution assumption: employee only about $189,980 at 4% or $126,654 at 6%; with 50% employer match about $126,654 at 4% or $84,436 at 6%; with 100% employer match about $94,990 at 4% or $63,327 at 6%.
2023163$5,309,995$473,193$7,511iApproximate average salary by contribution assumption: employee only about $187,775 at 4% or $125,183 at 6%; with 50% employer match about $125,183 at 4% or $83,456 at 6%; with 100% employer match about $93,888 at 4% or $62,592 at 6%.
Magnetic Products Inc. 401(K) Plan-63$5,309,995$473,193$7,511iApproximate average salary by contribution assumption: employee only about $187,775 at 4% or $125,183 at 6%; with 50% employer match about $125,183 at 4% or $83,456 at 6%; with 100% employer match about $93,888 at 4% or $62,592 at 6%.
2022158$4,330,124$505,661$8,718iApproximate average salary by contribution assumption: employee only about $217,957 at 4% or $145,305 at 6%; with 50% employer match about $145,305 at 4% or $96,870 at 6%; with 100% employer match about $108,979 at 4% or $72,652 at 6%.
Magnetic Products Inc. 401(K) Plan-58$4,330,124$505,661$8,718iApproximate average salary by contribution assumption: employee only about $217,957 at 4% or $145,305 at 6%; with 50% employer match about $145,305 at 4% or $96,870 at 6%; with 100% employer match about $108,979 at 4% or $72,652 at 6%.
2021152$4,527,324$382,337$7,353iApproximate average salary by contribution assumption: employee only about $183,816 at 4% or $122,544 at 6%; with 50% employer match about $122,544 at 4% or $81,696 at 6%; with 100% employer match about $91,908 at 4% or $61,272 at 6%.
Magnetic Products Inc. 401(K) Plan-52$4,527,324$382,337$7,353iApproximate average salary by contribution assumption: employee only about $183,816 at 4% or $122,544 at 6%; with 50% employer match about $122,544 at 4% or $81,696 at 6%; with 100% employer match about $91,908 at 4% or $61,272 at 6%.
2020149$4,025,403$279,408$5,702iApproximate average salary by contribution assumption: employee only about $142,555 at 4% or $95,037 at 6%; with 50% employer match about $95,037 at 4% or $63,358 at 6%; with 100% employer match about $71,278 at 4% or $47,518 at 6%.
Magnetic Products Inc. 401(K) Plan-49$4,025,403$279,408$5,702iApproximate average salary by contribution assumption: employee only about $142,555 at 4% or $95,037 at 6%; with 50% employer match about $95,037 at 4% or $63,358 at 6%; with 100% employer match about $71,278 at 4% or $47,518 at 6%.
2019153$3,456,389$316,743$5,976iApproximate average salary by contribution assumption: employee only about $149,407 at 4% or $99,605 at 6%; with 50% employer match about $99,605 at 4% or $66,403 at 6%; with 100% employer match about $74,704 at 4% or $49,802 at 6%.
Magnetic Products Inc. 401(K) Plan-53$3,456,389$316,743$5,976iApproximate average salary by contribution assumption: employee only about $149,407 at 4% or $99,605 at 6%; with 50% employer match about $99,605 at 4% or $66,403 at 6%; with 100% employer match about $74,704 at 4% or $49,802 at 6%.
2018153$2,906,325$297,194$5,607iApproximate average salary by contribution assumption: employee only about $140,186 at 4% or $93,457 at 6%; with 50% employer match about $93,457 at 4% or $62,305 at 6%; with 100% employer match about $70,093 at 4% or $46,729 at 6%.
Magnetic Products Inc. 401(K) Plan-53$2,906,325$297,194$5,607iApproximate average salary by contribution assumption: employee only about $140,186 at 4% or $93,457 at 6%; with 50% employer match about $93,457 at 4% or $62,305 at 6%; with 100% employer match about $70,093 at 4% or $46,729 at 6%.
2017155$3,010,521$358,375$6,516iApproximate average salary by contribution assumption: employee only about $162,898 at 4% or $108,598 at 6%; with 50% employer match about $108,598 at 4% or $72,399 at 6%; with 100% employer match about $81,449 at 4% or $54,299 at 6%.
Magnetic Products Inc. 401(K) Plan-55$3,010,521$358,375$6,516iApproximate average salary by contribution assumption: employee only about $162,898 at 4% or $108,598 at 6%; with 50% employer match about $108,598 at 4% or $72,399 at 6%; with 100% employer match about $81,449 at 4% or $54,299 at 6%.
2016155$2,505,426$339,801$6,178iApproximate average salary by contribution assumption: employee only about $154,455 at 4% or $102,970 at 6%; with 50% employer match about $102,970 at 4% or $68,647 at 6%; with 100% employer match about $77,228 at 4% or $51,485 at 6%.
Magnetic Products Inc. 401(K) Plan-55$2,505,426$339,801$6,178iApproximate average salary by contribution assumption: employee only about $154,455 at 4% or $102,970 at 6%; with 50% employer match about $102,970 at 4% or $68,647 at 6%; with 100% employer match about $77,228 at 4% or $51,485 at 6%.
2015152$2,209,768$280,953$5,403iApproximate average salary by contribution assumption: employee only about $135,074 at 4% or $90,049 at 6%; with 50% employer match about $90,049 at 4% or $60,033 at 6%; with 100% employer match about $67,537 at 4% or $45,025 at 6%.
Magnetic Products Inc. 401(K) Plan-52$2,209,768$280,953$5,403iApproximate average salary by contribution assumption: employee only about $135,074 at 4% or $90,049 at 6%; with 50% employer match about $90,049 at 4% or $60,033 at 6%; with 100% employer match about $67,537 at 4% or $45,025 at 6%.
2014150$1,988,826$234,665$4,693iApproximate average salary by contribution assumption: employee only about $117,333 at 4% or $78,222 at 6%; with 50% employer match about $78,222 at 4% or $52,148 at 6%; with 100% employer match about $58,666 at 4% or $39,111 at 6%.
Magnetic Products Inc. 401(K) Plan-50$1,988,826$234,665$4,693iApproximate average salary by contribution assumption: employee only about $117,333 at 4% or $78,222 at 6%; with 50% employer match about $78,222 at 4% or $52,148 at 6%; with 100% employer match about $58,666 at 4% or $39,111 at 6%.
2013141$1,725,207$313,457$7,645iApproximate average salary by contribution assumption: employee only about $191,132 at 4% or $127,422 at 6%; with 50% employer match about $127,422 at 4% or $84,948 at 6%; with 100% employer match about $95,566 at 4% or $63,711 at 6%.
Magnetic Products Inc. 401(K) Plan-41$1,725,207$313,457$7,645iApproximate average salary by contribution assumption: employee only about $191,132 at 4% or $127,422 at 6%; with 50% employer match about $127,422 at 4% or $84,948 at 6%; with 100% employer match about $95,566 at 4% or $63,711 at 6%.
2012140$1,201,934$164,392$4,110iApproximate average salary by contribution assumption: employee only about $102,745 at 4% or $68,497 at 6%; with 50% employer match about $68,497 at 4% or $45,664 at 6%; with 100% employer match about $51,373 at 4% or $34,248 at 6%.
Magnetic Products Inc. 401(K) Plan-40$1,201,934$164,392$4,110iApproximate average salary by contribution assumption: employee only about $102,745 at 4% or $68,497 at 6%; with 50% employer match about $68,497 at 4% or $45,664 at 6%; with 100% employer match about $51,373 at 4% or $34,248 at 6%.
2011130$953,578$123,358$4,112iApproximate average salary by contribution assumption: employee only about $102,798 at 4% or $68,532 at 6%; with 50% employer match about $68,532 at 4% or $45,688 at 6%; with 100% employer match about $51,399 at 4% or $34,266 at 6%.
Magnetic Products Inc. 401(K) Plan-30$953,578$123,358$4,112iApproximate average salary by contribution assumption: employee only about $102,798 at 4% or $68,532 at 6%; with 50% employer match about $68,532 at 4% or $45,688 at 6%; with 100% employer match about $51,399 at 4% or $34,266 at 6%.
2010126$864,848$81,441$3,132iApproximate average salary by contribution assumption: employee only about $78,309 at 4% or $52,206 at 6%; with 50% employer match about $52,206 at 4% or $34,804 at 6%; with 100% employer match about $39,154 at 4% or $26,103 at 6%.
Magnetic Products Inc. 401(K) Plan-26$864,848$81,441$3,132iApproximate average salary by contribution assumption: employee only about $78,309 at 4% or $52,206 at 6%; with 50% employer match about $52,206 at 4% or $34,804 at 6%; with 100% employer match about $39,154 at 4% or $26,103 at 6%.
2009126$875,356$79,304$3,050iApproximate average salary by contribution assumption: employee only about $76,254 at 4% or $50,836 at 6%; with 50% employer match about $50,836 at 4% or $33,891 at 6%; with 100% employer match about $38,127 at 4% or $25,418 at 6%.
Magnetic Products Inc. 401(K) Plan-26$875,356$79,304$3,050iApproximate average salary by contribution assumption: employee only about $76,254 at 4% or $50,836 at 6%; with 50% employer match about $50,836 at 4% or $33,891 at 6%; with 100% employer match about $38,127 at 4% or $25,418 at 6%.
2008133$666,975$112,282$3,402iApproximate average salary by contribution assumption: employee only about $85,062 at 4% or $56,708 at 6%; with 50% employer match about $56,708 at 4% or $37,805 at 6%; with 100% employer match about $42,531 at 4% or $28,354 at 6%.
Magnetic Products Inc. 401(K) Plan-33$666,975$112,282$3,402iApproximate average salary by contribution assumption: employee only about $85,062 at 4% or $56,708 at 6%; with 50% employer match about $56,708 at 4% or $37,805 at 6%; with 100% employer match about $42,531 at 4% or $28,354 at 6%.
2007129$1,004,860$92,323$3,184iApproximate average salary by contribution assumption: employee only about $79,589 at 4% or $53,059 at 6%; with 50% employer match about $53,059 at 4% or $35,373 at 6%; with 100% employer match about $39,794 at 4% or $26,530 at 6%.
Magnetic Products Inc. 401(K) Plan-29$1,004,860$92,323$3,184iApproximate average salary by contribution assumption: employee only about $79,589 at 4% or $53,059 at 6%; with 50% employer match about $53,059 at 4% or $35,373 at 6%; with 100% employer match about $39,794 at 4% or $26,530 at 6%.
2006126$863,039$72,282$2,780iApproximate average salary by contribution assumption: employee only about $69,502 at 4% or $46,335 at 6%; with 50% employer match about $46,335 at 4% or $30,890 at 6%; with 100% employer match about $34,751 at 4% or $23,167 at 6%.
Magnetic Products Inc. 401(K) Plan-26$863,039$72,282$2,780iApproximate average salary by contribution assumption: employee only about $69,502 at 4% or $46,335 at 6%; with 50% employer match about $46,335 at 4% or $30,890 at 6%; with 100% employer match about $34,751 at 4% or $23,167 at 6%.
2005132$874,396$77,519$2,422iApproximate average salary by contribution assumption: employee only about $60,562 at 4% or $40,374 at 6%; with 50% employer match about $40,374 at 4% or $26,916 at 6%; with 100% employer match about $30,281 at 4% or $20,187 at 6%.
Magnetic Products Inc. 401(K) Plan-32$874,396$77,519$2,422iApproximate average salary by contribution assumption: employee only about $60,562 at 4% or $40,374 at 6%; with 50% employer match about $40,374 at 4% or $26,916 at 6%; with 100% employer match about $30,281 at 4% or $20,187 at 6%.
2004134$807,331$76,137$2,239iApproximate average salary by contribution assumption: employee only about $55,983 at 4% or $37,322 at 6%; with 50% employer match about $37,322 at 4% or $24,881 at 6%; with 100% employer match about $27,992 at 4% or $18,661 at 6%.
Magnetic Products Inc. 401(K) Plan-34$807,331$76,137$2,239iApproximate average salary by contribution assumption: employee only about $55,983 at 4% or $37,322 at 6%; with 50% employer match about $37,322 at 4% or $24,881 at 6%; with 100% employer match about $27,992 at 4% or $18,661 at 6%.
2003134$673,517$69,528$2,045iApproximate average salary by contribution assumption: employee only about $51,124 at 4% or $34,082 at 6%; with 50% employer match about $34,082 at 4% or $22,722 at 6%; with 100% employer match about $25,562 at 4% or $17,041 at 6%.
Magnetic Products Inc. 401(K) Plan-34$673,517$69,528$2,045iApproximate average salary by contribution assumption: employee only about $51,124 at 4% or $34,082 at 6%; with 50% employer match about $34,082 at 4% or $22,722 at 6%; with 100% employer match about $25,562 at 4% or $17,041 at 6%.
2002133$529,990$67,145$2,035iApproximate average salary by contribution assumption: employee only about $50,867 at 4% or $33,912 at 6%; with 50% employer match about $33,912 at 4% or $22,608 at 6%; with 100% employer match about $25,434 at 4% or $16,956 at 6%.
Magnetic Products Inc. 401(K) Plan-33$529,990$67,145$2,035iApproximate average salary by contribution assumption: employee only about $50,867 at 4% or $33,912 at 6%; with 50% employer match about $33,912 at 4% or $22,608 at 6%; with 100% employer match about $25,434 at 4% or $16,956 at 6%.
2001132$0$0-
Magnetic Products Inc. 401(K) Plan-32---
2000135$607,154$93,658$2,676iApproximate average salary by contribution assumption: employee only about $66,899 at 4% or $44,599 at 6%; with 50% employer match about $44,599 at 4% or $29,733 at 6%; with 100% employer match about $33,449 at 4% or $22,300 at 6%.
Magnetic Products Inc. 401(K) Plan-35$607,154$93,658$2,676iApproximate average salary by contribution assumption: employee only about $66,899 at 4% or $44,599 at 6%; with 50% employer match about $44,599 at 4% or $29,733 at 6%; with 100% employer match about $33,449 at 4% or $22,300 at 6%.