2023 Form 5500 filing — Mag Mutual Insurance Company 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 20241015120859NAL0016332451001) for Mag Mutual Insurance Company 401(K) Plan, reported by Mag Mutual Insurance Company under EIN 58-1449198 and plan number 002. It reports 490 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015120859NAL0016332451001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mag Mutual Insurance Company
- EIN
- 58-1449198
- Plan number
- 002
- Location
- Atlanta, GA
- Participants
- 490
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $51,495,883
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,495,883
- Employer contributions
- $1,932,875
- Participant contributions
- $3,759,138
- Total income / additions
- $16,131,845
- Benefits paid
- $3,883,186
- Administrative expenses
- $34,097
- Total expenses
- $3,917,283
- Net increase / (decrease)
- $12,214,562
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $24,537 | $0 |
| Newport Group Consulting, LLC | ADVISOR | $7,217 | not reported in the loaded dataset |
| Invesco | NONE | $2,344 | not reported in the loaded dataset |