Magic Software Participating Companies 401(K) Plan — Form 5500 plan (Coretech Consulting Group, 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, Magic Software Participating Companies 401(K) Plan is a benefit plan reported by Coretech Consulting Group, LLC under EIN 04-3709993 and plan number 001. The latest loaded filing year is 2023. The filing reports 5,285 participants and $47,521,872 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Coretech Consulting Group, LLC
- EIN
- 04-3709993
- Plan number
- 001
- Plan type
- 2
- Location
- Fort Washington, PA
- Latest filing year
- 2023
- Participants
- 5,285
- End-of-year plan assets
- $47,521,872
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 5,285 | H, C | 20241014113026NAL0026045985001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $47,521,872
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $47,521,872
- Net assets (BOY)
- $37,034,994
Income & contributions
- Employer contributions
- $976,329
- Participant contributions
- $7,077,606
- Total contributions
- $8,584,680
- Total income / additions
- $15,574,877
Expenses & distributions
- Benefits paid
- $6,017,873
- Administrative expenses
- $160,847
- Total expenses
- $6,241,421
- Net increase / (decrease)
- $9,333,456
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln National Corporation | SERVICE PROVIDER | $117,043 | $0 | 2023 |
| Teal, Becker & Chiaramonte | AUDITOR | $29,000 | not reported in the loaded dataset | 2023 |
| Envestnet Retirement Solutions | ADVISORY | $14,804 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Coretech Consulting Group, LLC
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Fort Washington, PA
- Lincoln National Corporation — Schedule C compensation
- Teal, Becker & Chiaramonte — Schedule C compensation
- Envestnet Retirement Solutions — Schedule C compensation