Plan5500

The Magnet Group 401(K) Benefit Plan — Form 5500 plan (Magnet, 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, The Magnet Group 401(K) Benefit Plan is a benefit plan reported by Magnet, LLC under EIN 43-1794043 and plan number 001. The latest loaded filing year is 2023. The filing reports 392 participants and $16,520,724 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Magnet, LLC
EIN
43-1794043
Plan number
001
Plan type
2
Location
Washington, MO
Latest filing year
2023
Participants
392
End-of-year plan assets
$16,520,724

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023392H, C20241015155919NAL0016820083001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$16,520,724
Total liabilities (EOY)
$0
Net assets (EOY)
$16,520,724
Net assets (BOY)
$14,180,701

Income & contributions

Employer contributions
$151,281
Participant contributions
$670,187
Total contributions
$821,468
Total income / additions
$3,181,078

Expenses & distributions

Benefits paid
$781,655
Administrative expenses
$59,400
Total expenses
$841,055
Net increase / (decrease)
$2,340,023

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Rubin Brown LlpACCOUNTANT$57,800not reported in the loaded dataset2023
Merrill Lynch, Pierce, Fenner And SRECORDKEEPER$1,600$02023

Related Form 5500 pages