2023 Form 5500 filing — Magnate Holdings, LLC 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 20240924172021NAL0013113073001) for Magnate Holdings, LLC 401(K) Plan, reported by Magnate Holdings, LLC under EIN 47-4472644 and plan number 001. It reports 566 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240924172021NAL0013113073001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magnate Holdings, LLC
- EIN
- 47-4472644
- Plan number
- 001
- Location
- Portland, OR
- Participants
- 566
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $28,918,333
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,918,333
- Employer contributions
- $727,089
- Participant contributions
- $2,999,034
- Total income / additions
- $7,835,405
- Benefits paid
- $1,962,336
- Administrative expenses
- $157,495
- Total expenses
- $2,128,071
- Net increase / (decrease)
- $5,707,334
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $146,781 | $0 |
| Embree Financial Group | INVESTMENT ADVISORY | $0 | $72,609 |
| Hunter Benefits Consulting Group | CONTRACT ADMINISTRATOR | $10,714 | $12,284 |