Thortsen Magnetics Co.
Plan context: Thortsen Magnetics 401(K) Plan
EIN 56-1178200 • Charlotte, NC • 24 filings • 2 plans
Current Snapshot
Latest Year
2024
2024 Participants
5
2024 Assets
$1,104,052
2024 Contributions
$76,103
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 | 5 | $1,104,052 | $76,103 | $15,221iApproximate average salary by contribution assumption: employee only about $380,515 at 4% or $253,677 at 6%; with 50% employer match about $253,677 at 4% or $169,118 at 6%; with 100% employer match about $190,258 at 4% or $126,838 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 5 | $1,104,052 | $76,103 | $15,221iApproximate average salary by contribution assumption: employee only about $380,515 at 4% or $253,677 at 6%; with 50% employer match about $253,677 at 4% or $169,118 at 6%; with 100% employer match about $190,258 at 4% or $126,838 at 6%. |
| 2023 | 1 | 5 | $961,508 | $84,871 | $16,974iApproximate average salary by contribution assumption: employee only about $424,355 at 4% or $282,903 at 6%; with 50% employer match about $282,903 at 4% or $188,602 at 6%; with 100% employer match about $212,178 at 4% or $141,452 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 5 | $961,508 | $84,871 | $16,974iApproximate average salary by contribution assumption: employee only about $424,355 at 4% or $282,903 at 6%; with 50% employer match about $282,903 at 4% or $188,602 at 6%; with 100% employer match about $212,178 at 4% or $141,452 at 6%. |
| 2022 | 1 | 5 | $759,225 | $123,076 | $24,615iApproximate average salary by contribution assumption: employee only about $615,380 at 4% or $410,253 at 6%; with 50% employer match about $410,253 at 4% or $273,502 at 6%; with 100% employer match about $307,690 at 4% or $205,127 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 5 | $759,225 | $123,076 | $24,615iApproximate average salary by contribution assumption: employee only about $615,380 at 4% or $410,253 at 6%; with 50% employer match about $410,253 at 4% or $273,502 at 6%; with 100% employer match about $307,690 at 4% or $205,127 at 6%. |
| 2021 | 1 | 6 | $796,324 | $97,897 | $16,316iApproximate average salary by contribution assumption: employee only about $407,904 at 4% or $271,936 at 6%; with 50% employer match about $271,936 at 4% or $181,291 at 6%; with 100% employer match about $203,952 at 4% or $135,968 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 6 | $796,324 | $97,897 | $16,316iApproximate average salary by contribution assumption: employee only about $407,904 at 4% or $271,936 at 6%; with 50% employer match about $271,936 at 4% or $181,291 at 6%; with 100% employer match about $203,952 at 4% or $135,968 at 6%. |
| 2020 | 1 | 6 | $658,996 | $84,675 | $14,113iApproximate average salary by contribution assumption: employee only about $352,813 at 4% or $235,208 at 6%; with 50% employer match about $235,208 at 4% or $156,806 at 6%; with 100% employer match about $176,406 at 4% or $117,604 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 6 | $658,996 | $84,675 | $14,113iApproximate average salary by contribution assumption: employee only about $352,813 at 4% or $235,208 at 6%; with 50% employer match about $235,208 at 4% or $156,806 at 6%; with 100% employer match about $176,406 at 4% or $117,604 at 6%. |
| 2019 | 1 | 6 | $492,840 | $76,050 | $12,675iApproximate average salary by contribution assumption: employee only about $316,875 at 4% or $211,250 at 6%; with 50% employer match about $211,250 at 4% or $140,833 at 6%; with 100% employer match about $158,438 at 4% or $105,625 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 6 | $492,840 | $76,050 | $12,675iApproximate average salary by contribution assumption: employee only about $316,875 at 4% or $211,250 at 6%; with 50% employer match about $211,250 at 4% or $140,833 at 6%; with 100% employer match about $158,438 at 4% or $105,625 at 6%. |
| 2018 | 1 | 5 | $339,164 | $64,064 | $12,813iApproximate average salary by contribution assumption: employee only about $320,320 at 4% or $213,547 at 6%; with 50% employer match about $213,547 at 4% or $142,364 at 6%; with 100% employer match about $160,160 at 4% or $106,773 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 5 | $339,164 | $64,064 | $12,813iApproximate average salary by contribution assumption: employee only about $320,320 at 4% or $213,547 at 6%; with 50% employer match about $213,547 at 4% or $142,364 at 6%; with 100% employer match about $160,160 at 4% or $106,773 at 6%. |
| 2017 | 1 | 5 | $389,572 | $49,367 | $9,873iApproximate average salary by contribution assumption: employee only about $246,835 at 4% or $164,557 at 6%; with 50% employer match about $164,557 at 4% or $109,704 at 6%; with 100% employer match about $123,418 at 4% or $82,278 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 5 | $389,572 | $49,367 | $9,873iApproximate average salary by contribution assumption: employee only about $246,835 at 4% or $164,557 at 6%; with 50% employer match about $164,557 at 4% or $109,704 at 6%; with 100% employer match about $123,418 at 4% or $82,278 at 6%. |
| 2016 | 1 | 4 | $297,511 | $41,823 | $10,456iApproximate average salary by contribution assumption: employee only about $261,394 at 4% or $174,263 at 6%; with 50% employer match about $174,263 at 4% or $116,175 at 6%; with 100% employer match about $130,697 at 4% or $87,131 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 4 | $297,511 | $41,823 | $10,456iApproximate average salary by contribution assumption: employee only about $261,394 at 4% or $174,263 at 6%; with 50% employer match about $174,263 at 4% or $116,175 at 6%; with 100% employer match about $130,697 at 4% or $87,131 at 6%. |
| 2015 | 1 | 3 | $248,264 | $63,353 | $21,118iApproximate average salary by contribution assumption: employee only about $527,942 at 4% or $351,961 at 6%; with 50% employer match about $351,961 at 4% or $234,641 at 6%; with 100% employer match about $263,971 at 4% or $175,981 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 3 | $248,264 | $63,353 | $21,118iApproximate average salary by contribution assumption: employee only about $527,942 at 4% or $351,961 at 6%; with 50% employer match about $351,961 at 4% or $234,641 at 6%; with 100% employer match about $263,971 at 4% or $175,981 at 6%. |
| 2014 | 1 | 2 | $196,887 | $24,580 | $12,290iApproximate average salary by contribution assumption: employee only about $307,250 at 4% or $204,833 at 6%; with 50% employer match about $204,833 at 4% or $136,556 at 6%; with 100% employer match about $153,625 at 4% or $102,417 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 2 | $196,887 | $24,580 | $12,290iApproximate average salary by contribution assumption: employee only about $307,250 at 4% or $204,833 at 6%; with 50% employer match about $204,833 at 4% or $136,556 at 6%; with 100% employer match about $153,625 at 4% or $102,417 at 6%. |
| 2013 | 1 | 2 | $169,019 | $51,983 | $25,992iApproximate average salary by contribution assumption: employee only about $649,788 at 4% or $433,192 at 6%; with 50% employer match about $433,192 at 4% or $288,794 at 6%; with 100% employer match about $324,894 at 4% or $216,596 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 2 | $169,019 | $51,983 | $25,992iApproximate average salary by contribution assumption: employee only about $649,788 at 4% or $433,192 at 6%; with 50% employer match about $433,192 at 4% or $288,794 at 6%; with 100% employer match about $324,894 at 4% or $216,596 at 6%. |
| 2012 | 1 | 2 | $105,576 | $105,500 | $52,750iApproximate average salary by contribution assumption: employee only about $1,318,750 at 4% or $879,167 at 6%; with 50% employer match about $879,167 at 4% or $586,111 at 6%; with 100% employer match about $659,375 at 4% or $439,583 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 2 | $105,576 | $105,500 | $52,750iApproximate average salary by contribution assumption: employee only about $1,318,750 at 4% or $879,167 at 6%; with 50% employer match about $879,167 at 4% or $586,111 at 6%; with 100% employer match about $659,375 at 4% or $439,583 at 6%. |
| 2009 | 1 | 0 | $0 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 0 | $0 | - | - |
| 2008 | 1 | 4 | $1,209 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 4 | $1,209 | - | - |
| 2007 | 1 | 4 | $210,272 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 4 | $210,272 | - | - |
| 2006 | 1 | 4 | $197,630 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 4 | $197,630 | - | - |
| 2005 | 1 | 4 | $182,759 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 4 | $182,759 | - | - |
| 2004 | 1 | 4 | $179,730 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 4 | $179,730 | - | - |
| 2003 | 1 | 5 | $165,565 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 5 | $165,565 | - | - |
| 2002 | 1 | 5 | $137,338 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 5 | $137,338 | - | - |
| 2001 | 1 | 5 | $0 | $0 | - |
| Thortsen Magnetics 401(K) Plan | - | 5 | - | - | - |
| 2000 | 1 | 4 | $212,052 | $39,950 | $9,988iApproximate average salary by contribution assumption: employee only about $249,688 at 4% or $166,458 at 6%; with 50% employer match about $166,458 at 4% or $110,972 at 6%; with 100% employer match about $124,844 at 4% or $83,229 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 4 | $212,052 | $39,950 | $9,988iApproximate average salary by contribution assumption: employee only about $249,688 at 4% or $166,458 at 6%; with 50% employer match about $166,458 at 4% or $110,972 at 6%; with 100% employer match about $124,844 at 4% or $83,229 at 6%. |
| 1999 | 1 | 5 | $178,471 | $29,415 | $5,883iApproximate average salary by contribution assumption: employee only about $147,075 at 4% or $98,050 at 6%; with 50% employer match about $98,050 at 4% or $65,367 at 6%; with 100% employer match about $73,538 at 4% or $49,025 at 6%. |
| Thortsen Magnetics 401(K) Plan | - | 5 | $178,471 | $29,415 | $5,883iApproximate average salary by contribution assumption: employee only about $147,075 at 4% or $98,050 at 6%; with 50% employer match about $98,050 at 4% or $65,367 at 6%; with 100% employer match about $73,538 at 4% or $49,025 at 6%. |