Magnet-Schultz Of America, Inc. 401(K) Plan — Form 5500 plan (Magnet-Schultz Of America, Inc.)
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, Magnet-Schultz Of America, Inc. 401(K) Plan is a benefit plan reported by Magnet-Schultz Of America, Inc. under EIN 36-3703046 and plan number 001. The latest loaded filing year is 2023. The filing reports 156 participants and $7,847,916 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Magnet-Schultz Of America, Inc.
- EIN
- 36-3703046
- Plan number
- 001
- Plan type
- 2
- Location
- Westmont, IL
- Latest filing year
- 2023
- Participants
- 156
- End-of-year plan assets
- $7,847,916
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 156 | H, C | 20241011104025NAL0036685744001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $7,847,916
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,847,916
- Net assets (BOY)
- $6,949,732
Income & contributions
- Employer contributions
- $226,964
- Participant contributions
- $541,111
- Total contributions
- $779,252
- Total income / additions
- $1,801,430
Expenses & distributions
- Benefits paid
- $862,312
- Administrative expenses
- $40,934
- Total expenses
- $903,246
- Net increase / (decrease)
- $898,184
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $38,807 | $0 | 2023 |
| Lincoln Financial Advisors Corp | BROKER/ADVISER | $0 | $14,132 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $2,127 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Magnet-Schultz Of America, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in IL
- 401(k) and benefit plan filings in Westmont, IL
- Empower Annuity Insurance Company O — Schedule C compensation
- Lincoln Financial Advisors Corp — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation