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, Magid Glove And Safety Manufacturing Company, LLC 401(K) And Profit Sharing Plan is a benefit plan reported by Magid Glove & Safety Manufacturing Company, LLC under EIN 36-4057654 and plan number 003. The latest loaded filing year is 2023. The filing reports 767 participants and $54,210,161 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $54,210,161
- Total liabilities (EOY)
- $15,056
- Net assets (EOY)
- $54,195,105
- Net assets (BOY)
- $46,655,601
Income & contributions
- Employer contributions
- $2,273,250
- Participant contributions
- $2,411,051
- Total contributions
- $4,710,211
- Total income / additions
- $11,937,972
Expenses & distributions
- Benefits paid
- $4,302,287
- Administrative expenses
- $85,295
- Total expenses
- $4,398,468
- Net increase / (decrease)
- $7,539,504