Plan Snapshot
- Plan Sponsor: Magnera Corporation
- Sponsor EIN: 230628360
- Sponsor Address: 9335 HARRIS CORNERS PKWY, CHARLOTTE, NC, 28269
- Plan Type: 401(k)
- Total Participants: 633
- Total Assets: $142.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 633 | $142.7M | $2,429 | $4.2M |
| 2023 | 692 | $137.4M | $80,403 | $4.1M |
| 2022 | 301 | $102.8M | $961 | $2.4M |
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 |
|---|---|---|---|---|
| INSERO & CO. CPAS, LLP | Auditor | $26,000 | — | $26,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- INSERO & CO. CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $26,000
- Estimated Expense Ratio: 0.018% 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 | $132,408 | — | $300 | $26,000 | — |
| 2023 | $120,928 | — | — | $22,500 | — |
| 2022 | $64,210 | — | — | — | — |