Plan Snapshot
- Plan Sponsor: Magellan Usa
- Sponsor EIN: 311464954
- Sponsor Address: 2320 WEDEKIND DRIVE, MIDDLETOWN, OH, 45042
- Plan Type: 401(k)
- Total Participants: 773
- Total Assets: $90.6M
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 | 773 | $90.6M | $1.0M | $4.0M |
| 2023 | 709 | $83.4M | $1.0M | $3.7M |
| 2022 | 656 | $72.5M | $823,440 | $3.4M |
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 |
|---|---|---|---|---|
| LPL FINANCIAL LLC | ADVISOR | $171,689 | — | $171,689 |
| EFPR GROUP, CPAS, PLLC | ACCOUNTANT/AUDITOR | $14,400 | — | $14,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL LLC — ADVISOR
- EFPR GROUP, CPAS, PLLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $186,089
- Estimated Expense Ratio: 0.205% 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 | $160,312 | $171,689 | — | $14,400 | — |
| 2023 | $137,425 | $151,183 | — | $14,000 | — |
| 2022 | $116,287 | — | — | — | — |