Plan Snapshot
- Plan Sponsor: Mag Mutual Insurance Company
- Sponsor EIN: 581449198
- Sponsor Address: 3535 PIEDMONT RD. NE, ATLANTA, GA, 30305
- Plan Type: 401(k)
- Total Participants: 426
- Total Assets: $63.8M
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 | 426 | $63.8M | $2.7M | $4.5M |
| 2023 | 388 | $51.5M | $1.9M | $3.8M |
| 2022 | 298 | $39.3M | $1.6M | $2.7M |
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 |
|---|---|---|---|---|
| FRAZIER & DEETER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FRAZIER & DEETER — 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 | $9,142 | — | $9,142 | — | — |
| 2023 | $34,097 | $9,561 | $24,536 | — | — |
| 2022 | $37,623 | — | $37,623 | — | — |