Us Magnesium LLC Hourly 401(K) Plan — Form 5500 plan (Us Magnesium LLC)
Plain-English plan 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, Us Magnesium LLC Hourly 401(K) Plan is a benefit plan reported by Us Magnesium LLC under EIN 01-0705446 and plan number 004. The latest loaded filing year is 2023. The filing reports 358 participants and $8,337,248 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$8.3MPlan net assets, end of year$8,337,248
Participants358Covered participants reported
Assets / participant$23.3KComputed: assets ÷ participants$23,288 (computed)
Provider compensation$52.6K3 Schedule C provider row(s)$52,569
- Plan sponsor
- Us Magnesium LLC
- EIN
- 01-0705446
- Plan number
- 004
- Plan type
- 2
- Location
- Salt Lake City, UT
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 358 | H, C | 20241015174415NAL0057528450001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$8.3M total assets
Net assets$8.3MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $8,337,248
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,337,248
- Net assets (BOY)
- $8,721,896
Income & contributions
- Employer contributions
- $141,267
- Participant contributions
- $873,194
- Total contributions
- $1,014,461
- Total income / additions
- $2,137,826
Expenses & distributions
- Benefits paid
- $2,287,247
- Administrative expenses
- $52,569
- Total expenses
- $2,339,816
- Net increase / (decrease)
- -$201,990
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
14%86%
Employer 14%Participant 86%
Total expenses ÷ net assets28%Computed ratio
Benefits paid ÷ total income107%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Stancorp Financial Group | NONE | $45,158 | not reported in the loaded dataset | 2023 |
| Resources Investment Advisors, Inc | NONE | $3,763 | not reported in the loaded dataset | 2023 |
| Onedigital Investment Advisors LLC | NONE | $3,648 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Us Magnesium LLC
- 2023 Form 5500 filing
- Form 5500 filings in UT
- 401(k) and benefit plan filings in Salt Lake City, UT
- Stancorp Financial Group — Schedule C compensation
- Resources Investment Advisors, Inc — Schedule C compensation
- Onedigital Investment Advisors LLC — Schedule C compensation