# Mag Aerospace Industries, LLC 401(k) Plan
Source: https://planprovider.pro/companies/mag-aerospace-industries-llc-401k-plan

> Mag Aerospace Industries, LLC's 401(k) plan: 212 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/accelerate-retirement) — INVESTMENT ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [MILLER KAPLAN ARASE](https://planprovider.pro/provider/miller-kaplan-arase-llp) — 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|—|—|—|—|

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