Premier Magnesia LLC Savings And Profit Sharing Plan — Form 5500 plan (Premier Magnesia 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, Premier Magnesia LLC Savings And Profit Sharing Plan is a benefit plan reported by Premier Magnesia LLC under EIN 52-2295483 and plan number 001. The latest loaded filing year is 2023. The filing reports 554 participants and $29,781,760 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$29.8MPlan net assets, end of year$29,781,760
Participants554Covered participants reported
Assets / participant$53.8KComputed: assets ÷ participants$53,758 (computed)
Provider compensation$25.9K2 Schedule C provider row(s)$25,937
- Plan sponsor
- Premier Magnesia LLC
- EIN
- 52-2295483
- Plan number
- 001
- Plan type
- 2
- Location
- Waynesville, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 554 | H, C | 20241014155945NAL0026652241001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$29.8M total assets
Net assets$29.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $29,781,760
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $29,781,760
- Net assets (BOY)
- $23,511,403
Income & contributions
- Employer contributions
- $867,754
- Participant contributions
- $1,801,405
- Total contributions
- $2,965,128
- Total income / additions
- $8,019,788
Expenses & distributions
- Benefits paid
- $1,688,997
- Administrative expenses
- $25,937
- Total expenses
- $1,784,704
- Net increase / (decrease)
- $6,235,084
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
33%67%
Employer 33%Participant 67%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income21%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wells Fargo Clearing Services LLC | ADVISOR | $24,987 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $950 | $0 | 2023 |