Plan Snapshot
- Plan Sponsor: Mag Aerospace Industries, LLC
- Sponsor EIN: 263112085
- Sponsor Address: 1500 GLENN CURTISS STREET, CARSON, CA, 90746
- Plan Type: 401(k)
- Total Participants: 212
- Total Assets: $66.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 212 | $66.7M | $1.1M | $2.1M |
| 2023 | 173 | $60.9M | $1.2M | $2.0M |
| 2022 | 176 | $53.1M | $1.2M | $2.1M |
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 |
|---|---|---|---|---|
| NFP RETIREMENT, INC. | INVESTMENT ADVISOR | $50,000 | — | $50,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $33,055 | — | $33,055 |
| MILLER KAPLAN ARASE | ACCOUNTANT/AUDITOR | $14,700 | — | $14,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT, INC. — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MILLER KAPLAN ARASE — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $97,755
- Estimated Expense Ratio: 0.147% 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 | $97,755 | — | — | — | — |
| 2023 | $39,258 | — | — | — | — |
| 2022 | $42,574 | — | — | — | — |