Mag Automotive 401(K) Savings Plan — Form 5500 plan (Mag Automotive, 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, Mag Automotive 401(K) Savings Plan is a benefit plan reported by Mag Automotive, LLC under EIN 30-0774344 and plan number 001. The latest loaded filing year is 2023. The filing reports 270 participants and $38,092,533 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mag Automotive, LLC
- EIN
- 30-0774344
- Plan number
- 001
- Plan type
- 2
- Location
- Sterling Heights, MI
- Latest filing year
- 2023
- Participants
- 270
- End-of-year plan assets
- $38,092,533
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 270 | H, C | 20240912115212NAL0004416195001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $38,092,533
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,092,533
- Net assets (BOY)
- $31,568,874
Income & contributions
- Employer contributions
- $724,937
- Participant contributions
- $2,828,683
- Total contributions
- $3,553,620
- Total income / additions
- $8,697,310
Expenses & distributions
- Benefits paid
- $2,094,450
- Administrative expenses
- $79,201
- Total expenses
- $2,173,651
- Net increase / (decrease)
- $6,523,659
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $41,085 | $0 | 2023 |
| Resources Investment Advisors LLC | ADVISOR | $28,000 | not reported in the loaded dataset | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $10,116 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Mag Automotive, LLC
- 2023 Form 5500 filing
- Form 5500 filings in MI
- 401(k) and benefit plan filings in Sterling Heights, MI
- Fidelity Investments Institutional — Schedule C compensation
- Resources Investment Advisors LLC — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation