Plan Snapshot
- Plan Sponsor: Magbee Bros. Lumber And Supply Company, INC.
- Sponsor EIN: 581761636
- Sponsor Address: 1065 BANKHEAD HWY, WINDER, GA, 306808415
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $7.9M
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 | 227 | $7.9M | $0 | $852,363 |
| 2023 | 213 | $6.5M | $187,406 | $765,502 |
| 2022 | 220 | $6.1M | $440,124 | $708,727 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP, INC | Auditor | — | — | $0 |
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 | $21,138 | $13,189 | $7,949 | — | — |
| 2023 | $22,405 | $15,223 | $7,182 | — | — |
| 2022 | $19,115 | $14,136 | $4,979 | — | — |