2023 Form 5500 filing — Magtek Profit Sharing/401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240916104310NAL0001368833001) for Magtek Profit Sharing/401(K) Plan, reported by Magtek under EIN 95-2774055 and plan number 002. It reports 244 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240916104310NAL0001368833001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magtek
- EIN
- 95-2774055
- Plan number
- 002
- Location
- Seal Beach, CA
- Participants
- 244
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $97,049,433
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $97,049,433
- Employer contributions
- $518,623
- Participant contributions
- $1,610,463
- Total income / additions
- $18,197,230
- Benefits paid
- $9,545,451
- Administrative expenses
- $17,353
- Total expenses
- $9,562,804
- Net increase / (decrease)
- $8,634,426
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wright Ford Young & Co. | ACCOUNTANT/AUDITOR | $9,000 | not reported in the loaded dataset |
| Strategic Advisors, Inc. | ADVISOR | $5,120 | not reported in the loaded dataset |
| Fidelity Investments Institutional | RECORDKEEPER | $3,291 | $0 |