Plan Snapshot
- Plan Sponsor: Mag Instrument, INC.
- Sponsor EIN: 952912384
- Sponsor Address: 2001 SOUTH HELLMAN AVENUE, ONTARIO, CA, 91761
- Plan Type: DC
- Total Participants: 165
- Total Assets: $11.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 165 | $11.6M | $0 | $412,715 |
| 2023 | 180 | $11.9M | $0 | $409,070 |
| 2022 | 221 | $11.9M | $0 | $442,015 |
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 |
|---|---|---|---|---|
| SINGERLEWAK, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SINGERLEWAK, LLP — 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 | $60,069 | — | $60,069 | — | — |
| 2023 | $62,112 | — | $62,112 | — | — |
| 2022 | $74,448 | — | $64,210 | — | $10,238 |