# Mag Automotive, LLC 401(k) Plan
Source: https://planprovider.pro/companies/mag-automotive-llc-401k-plan

> Mag Automotive, LLC's 401(k) plan: 236 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mag Automotive, LLC

- **Sponsor EIN:** 300774344

- **Sponsor Address:** 6015 CENTER DRIVE, STERLING HEIGHTS, MI, 48312

- **Plan Type:** 401(k)

- **Total Participants:** 236

- **Total Assets:** $43.1M

## 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|236|$43.1M|$739,128|$2.8M|

| 2023|251|$38.1M|$724,937|$2.8M|

| 2022|240|$31.6M|$426,070|$2.5M|

## 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|

| HUNGERFORD|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [HUNGERFORD](https://planprovider.pro/provider/hungerford-nichols) — Auditor

## 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|$81,205|$40,279|—|—|—|

| 2023|$79,201|$38,116|—|—|—|

| 2022|$80,123|$11,164|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/mag-automotive-llc-401k-plan)

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