2023 Form 5500 filing — Mag Savings 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 20241008125932NAL0008345715001) for Mag Savings Plan, reported by Mag Aerospace Industries, LLC under EIN 26-3112085 and plan number 002. It reports 358 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008125932NAL0008345715001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mag Aerospace Industries, LLC
- EIN
- 26-3112085
- Plan number
- 002
- Location
- Carson, CA
- Participants
- 358
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $60,928,226
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $60,928,226
- Employer contributions
- $1,177,120
- Participant contributions
- $1,964,022
- Total income / additions
- $12,596,927
- Benefits paid
- $4,717,259
- Administrative expenses
- $39,258
- Total expenses
- $4,757,547
- Net increase / (decrease)
- $7,839,380
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $39,258 | $0 |