# Magna Associates, INC. 401(k) Plan
Source: https://planprovider.pro/companies/magna-associates-inc-plan

> Magna Associates, INC.'s 401(k) plan: 72 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magna Associates, INC.

- **Sponsor EIN:** 651048319

- **Sponsor Address:** 1 TOWN CENTER ROAD, BOCA RATON, FL, 33486

- **Plan Type:** 401(k)

- **Total Participants:** 72

- **Total Assets:** $4.9M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **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|72|$4.9M|$0|$595,606|

| 2023|92|$4.3M|$0|$750,607|

| 2022|100|$3.4M|$0|$690,918|

## 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|

| KAUFMAN ROSSIN|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KAUFMAN ROSSIN](https://planprovider.pro/provider/kaufman-rossin-and-co) — Auditor

## 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|$11,485|—|—|—|—|

| 2023|$16,570|$11,000|—|—|—|

| 2022|$5,897|—|—|—|—|

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