Plan Snapshot
- Plan Sponsor: J.T. Magen & Company INC.
- Sponsor EIN: 113136124
- Sponsor Address: 44 W 28TH ST, NEW YORK, NY, 100014212
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $64.8M
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 | 268 | $64.8M | $602,923 | $3.8M |
| 2023 | 253 | $54.6M | $576,425 | $3.4M |
| 2022 | 259 | $44.6M | $606,617 | $3.1M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $130,485 | — | $130,485 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | — | $71,964 | $71,964 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,449
- Estimated Expense Ratio: 0.312% 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 | $130,485 | — | $130,485 | — | — |
| 2023 | $107,049 | — | $107,049 | — | — |
| 2022 | $99,925 | — | $99,925 | — | — |