Plan Snapshot
- Plan Sponsor: Magid Glove & Safety Manufacturing Company, LLC
- Sponsor EIN: 364057654
- Sponsor Address: 1300 NAPERVILLE DRIVE, ROMEOVILLE, IL, 60446
- Plan Type: 401(k)
- Total Participants: 715
- Total Assets: $60.1M
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 | 715 | $60.1M | $2.2M | $2.5M |
| 2023 | 692 | $54.2M | $2.3M | $2.4M |
| 2022 | 673 | $46.7M | $1.9M | $2.1M |
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 |
|---|---|---|---|---|
| NADLER FINANCIAL GROUP INC | Other Service Provider | $86,943 | — | $86,943 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $86,943
- Estimated Expense Ratio: 0.145% 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 | $90,693 | $86,943 | — | — | — |
| 2023 | $85,295 | $80,645 | — | — | — |
| 2022 | $88,424 | $85,049 | — | — | — |