Magna Legal Services 401(K) / Profit Sharing Plan — Form 5500 plan (Magna Legal Services, 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, Magna Legal Services 401(K) / Profit Sharing Plan is a benefit plan reported by Magna Legal Services, LLC under EIN 20-8474245 and plan number 001. The latest loaded filing year is 2023. The filing reports 551 participants and $20,345,603 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Magna Legal Services, LLC
- EIN
- 20-8474245
- Plan number
- 001
- Plan type
- 2
- Location
- Philadelphia, PA
- Latest filing year
- 2023
- Participants
- 551
- End-of-year plan assets
- $20,345,603
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 551 | H, C | 20241015125606NAL0029699553001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,345,603
- Total liabilities (EOY)
- $153,026
- Net assets (EOY)
- $20,192,577
- Net assets (BOY)
- $15,655,635
Income & contributions
- Employer contributions
- $1,129,436
- Participant contributions
- $1,632,260
- Total contributions
- $2,888,691
- Total income / additions
- $5,391,339
Expenses & distributions
- Benefits paid
- $783,164
- Administrative expenses
- $69,531
- Total expenses
- $854,397
- Net increase / (decrease)
- $4,536,942
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $60,877 | $0 | 2023 |
| Massachusetts Mutual Life Ins Comp | BROKER/ADVISER | $0 | $32,453 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $5,497 | not reported in the loaded dataset | 2023 |
| Envestnet Retirement Solutions, LLC | OTHER | $3,157 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Magna Legal Services, LLC
- 2023 Form 5500 filing
- Form 5500 filings in PA
- 401(k) and benefit plan filings in Philadelphia, PA
- Empower Annuity Insurance Company O — Schedule C compensation
- Massachusetts Mutual Life Ins Comp — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Envestnet Retirement Solutions, LLC — Schedule C compensation