# Magbee Bros. Lumber And Supply Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/magbee-bros-lumber-and-supply-company-inc-401k-plan

> Magbee Bros. Lumber And Supply Company, INC.&#39;s 401(k) plan: 227 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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