U.S. Magnetix, Inc.

John Condon CEO

7140 MADISON AVE W, GOLDEN VALLEY, MN 55427

7140 MADISON AVE W, GOLDEN VALLEY, MN 55427 View Map

Form 5500

7140 Madison Avenue West, Golden Valley, Mn 55427 (763) 540-9497 EIN:41-1810894 Plan Admin:Christopher Condon

Year	Plan Name	Participants BOY/EOY	Assets BOY/EOY
2022	Plan NameU.S. MAGNETIX, INC. 401(K) PLAN Plan #001 Participants BOY/EOY12 / 12 Assets BOY/EOY$640,810 / $579,364	2022	U.S. MAGNETIX, INC. 401(K) PLAN - Plan #001	12 / 12	$640,810 / $579,364
2021	Plan NameU.S. MAGNETIX, INC. 401(K) PLAN Plan #001 Participants BOY/EOY12 / 12 Assets BOY/EOY$477,371 / $640,810	2021	U.S. MAGNETIX, INC. 401(K) PLAN - Plan #001	12 / 12	$477,371 / $640,810
2020	Plan NameU.S. MAGNETIX, INC. 401(K) PLAN Plan #001 Participants BOY/EOY12 / 11 Assets BOY/EOY$350,674 / $477,371	2020	U.S. MAGNETIX, INC. 401(K) PLAN - Plan #001	12 / 11	$350,674 / $477,371
2019	Plan NameU.S. MAGNETIX, INC. 401(K) PLAN Plan #001 Participants BOY/EOY11 / 12 Assets BOY/EOY$0 / $350,674	2019	U.S. MAGNETIX, INC. 401(K) PLAN - Plan #001	11 / 12	$0 / $350,674

Benefit & Retirement Plans based on Form 5500.

PPP Loans

7140 Madison Ave W, Minneapolis, MN 55427-3602 Industry:All Other Miscellaneous Manufacturing Ethnicity:Not Hispanic or Latino Veteran:No

Loan Date	Approved	Forgiven	Lender	Jobs
02/01/2021	Approved$137,375 Forgiven$138,429 LenderCross River Bank Jobs15	02/01/2021	$137,375	$138,429	Cross River Bank	15
07/09/2020	Approved$153,866 Forgiven$155,190 LenderCross River Bank Jobs14	07/09/2020	$153,866	$155,190	Cross River Bank	14

PPP Loans based on Paycheck Protection Program.

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The following government agencies have contributed data:

Office of the Minnesota Secretary of State U.S. Department of Labor U.S. Small Business Administration

Company Summary