# Chicago Magnesium Casting Co. 401(k) Plan
Source: https://planprovider.pro/companies/chicago-magnesium-casting-co-401k-plan

> Chicago Magnesium Casting Co.'s 401(k) plan: 169 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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