# Magellan Usa 401(k) Plan
Source: https://planprovider.pro/companies/magellan-usa-401k-plan

> Magellan Usa's 401(k) plan: 773 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lpl-financial-llc) — ADVISOR

- [EFPR GROUP, CPAS, PLLC](https://planprovider.pro/provider/efpr-group-llp) — 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|—|—|—|—|

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