Plan Snapshot
- Plan Sponsor: Joseph J. Magnolia, INC.
- Sponsor EIN: 530235163
- Sponsor Address: 600 GALLATIN NE STREET, WASHINGTON, DC, 200172359
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $41.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 347 | $41.4M | $1.0M | $1.7M |
| 2023 | 354 | $36.8M | $905,637 | $1.6M |
| 2022 | 373 | $34.9M | $896,715 | $1.6M |
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 |
|---|---|---|---|---|
| MULLEN, SONDBERG, WIMBISH & STO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $109,954 | $14,753 | — | — | — |
| 2023 | $91,902 | $51,982 | — | — | — |
| 2022 | $179,449 | $148,418 | $31,001 | — | — |