# Mag Instrument, INC. DC Plan
Source: https://planprovider.pro/companies/mag-instrument-inc-plan-001

> Mag Instrument, INC.'s DC plan: 165 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$60,068|—|$60,068|

| SINGERLEWAK, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [SINGERLEWAK, LLP](https://planprovider.pro/provider/singerlewak-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $60,068

- **Estimated Expense Ratio:** 0.516% 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|$60,069|—|$60,069|—|—|

| 2023|$62,112|—|$62,112|—|—|

| 2022|$74,448|—|$64,210|—|$10,238|

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