The synthesis of FeCo alloys as highly magnetic nanoparticles has been valuable, as far as applications for magnetic nanoparticles are concerned. However, recently, a field of magnetoplasmonics in which magnetic nanoparticles such as the FeCo alloys doped with plasmonic materials such as Au and Ag to create a hybrid nanostructure with both properties has emerged. These magnetoplasmonic metamaterials have greatly enhanced the limit of detection of analytes in spectroscopic methods, as well as providing a more widely applicable nanoparticle to broaden the use of FeCo alloys even further. Herein, we discuss the synthesis of high-yield and fairly monodisperse spherical FeCo and Au-doped FeCo (Au@FeCo) with varying compositions of Au synthesized via the thermal decomposition of iron pentacarbonyl (Fe(CO)5) and dicobalt octacarbonyl (Co2(CO)8), followed by the addition of Au atoms using triphenylphosphine gold(I) chloride ((Ph3P)AuCl) via both coprecipitation and by delayed addition methods. The products were separated using a hand-held magnet, and then characterized via ultraviolet-visible light (UV-vis), scanning electron microscopy coupled with energy-dispersive X-ray analysis (SEM-EDX), high-resolution transmission electron microscopy (HRTEM), X-ray diffraction (XRD), flame atomic absorption spectrometry (F-AAS), and magnetization measurements. Optical studies revealed a plasmonic peak at 550 nm in the Au@FeCo nanoparticles that had a gold content (%Au) of >2% (by weight), determined using F-AAS. Colocation of the Fe, Co, and Au were demonstrated through EDX analysis. Location of the Au atoms in the core were seen through high-resolution bright-field imaging. To understand the use of these nanoparticles for potential application in therapeutics and/or electronics, resistance measurements were performed to assess power loss as a function of frequency. We also achieved magnetization values as high as 150 emu/g and as low as 50 emu/g for gold-loaded samples based on %Au by weight. This paves the way to continue to develop magneto-plasmonic structures chemically using these synthesis strategies.