Plan Snapshot
- Plan Sponsor: Chicago Magnesium Casting Co.
- Sponsor EIN: 362931963
- Sponsor Address: 14101 S. SEELEY AVENUE, BLUE ISLAND, IL, 60406
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $4.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 169 | $4.3M | $158,037 | $557,295 |
| 2023 | 122 | $3.4M | $139,463 | $463,469 |
| 2022 | 140 | $2.8M | $141,208 | $394,026 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | $16,750 | — | $16,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $16,750
- Estimated Expense Ratio: 0.391% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $50,365 | $7,163 | — | $16,750 | — |
| 2023 | $41,113 | $5,763 | — | $12,000 | — |
| 2022 | $42,110 | $43 | — | — | — |