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, Magna Associates, Inc. 401(K) Plan is a benefit plan reported by Magna Associates, Inc. under EIN 65-1048319 and plan number 001. The latest loaded filing year is 2023. The filing reports 176 participants and $4,263,060 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,263,060
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,263,060
- Net assets (BOY)
- $3,393,767
Income & contributions
- Participant contributions
- $750,607
- Total contributions
- $750,607
- Total income / additions
- $1,215,805
Expenses & distributions
- Benefits paid
- $329,942
- Administrative expenses
- $16,570
- Total expenses
- $346,512
- Net increase / (decrease)
- $869,293