Mg Electric Inc.
Plan context: Mg Electric Inc. 401(K) Profit Sharing Plan and Trust
EIN 47-5207669 • Palmdale, CA • 4 filings • 1 plans
Current Snapshot
Latest Year
2024
2024 Participants
124
2024 Assets
$2,900,780
2024 Contributions
$1,268,694
Historical Graphs
Total Assets Over Time
Aggregate end-of-year assets by filing year, excluding zero-asset years
Participants Over Time
Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans
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 / Filing | Filings | Participants | Assets | Contributions | Contrib./Participant |
|---|---|---|---|---|---|
| 2024 | 1 | 124 | $2,900,780 | $1,268,694 | $10,231iApproximate average salary by contribution assumption: employee only about $255,785 at 4% or $170,523 at 6%; with 50% employer match about $170,523 at 4% or $113,682 at 6%; with 100% employer match about $127,893 at 4% or $85,262 at 6%. |
| Mg Electric Inc. 401(K) Profit Sharing Plan and Trust | - | 124 | $2,900,780 | $1,268,694 | $10,231iApproximate average salary by contribution assumption: employee only about $255,785 at 4% or $170,523 at 6%; with 50% employer match about $170,523 at 4% or $113,682 at 6%; with 100% employer match about $127,893 at 4% or $85,262 at 6%. |
| 2023 | 1 | 167 | $1,588,078 | $1,375,996 | $8,239iApproximate average salary by contribution assumption: employee only about $205,987 at 4% or $137,325 at 6%; with 50% employer match about $137,325 at 4% or $91,550 at 6%; with 100% employer match about $102,994 at 4% or $68,662 at 6%. |
| Mg Electric Inc. 401(K) Profit Sharing Plan and Trust | - | 167 | $1,588,078 | $1,375,996 | $8,239iApproximate average salary by contribution assumption: employee only about $205,987 at 4% or $137,325 at 6%; with 50% employer match about $137,325 at 4% or $91,550 at 6%; with 100% employer match about $102,994 at 4% or $68,662 at 6%. |
| 2022 | 1 | 120 | $281,356 | $291,277 | $2,427iApproximate average salary by contribution assumption: employee only about $60,683 at 4% or $40,455 at 6%; with 50% employer match about $40,455 at 4% or $26,970 at 6%; with 100% employer match about $30,341 at 4% or $20,228 at 6%. |
| Mg Electric Inc. 401(K) Profit Sharing Plan and Trust | - | 120 | $281,356 | $291,277 | $2,427iApproximate average salary by contribution assumption: employee only about $60,683 at 4% or $40,455 at 6%; with 50% employer match about $40,455 at 4% or $26,970 at 6%; with 100% employer match about $30,341 at 4% or $20,228 at 6%. |
| 2021 | 1 | 100 | $215,847 | $215,697 | $2,157iApproximate average salary by contribution assumption: employee only about $53,924 at 4% or $35,950 at 6%; with 50% employer match about $35,950 at 4% or $23,966 at 6%; with 100% employer match about $26,962 at 4% or $17,975 at 6%. |
| Mg Electric Inc. 401(K) Profit Sharing Plan and Trust | - | 100 | $215,847 | $215,697 | $2,157iApproximate average salary by contribution assumption: employee only about $53,924 at 4% or $35,950 at 6%; with 50% employer match about $35,950 at 4% or $23,966 at 6%; with 100% employer match about $26,962 at 4% or $17,975 at 6%. |