# Magnera Corporation 401(k) Plan
Source: https://planprovider.pro/companies/glatfelter-corporation-401k-plan

> Magnera Corporation's 401(k) plan: 633 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

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