Plan Snapshot
- Plan Sponsor: Magna Health Systems, LLC
- Sponsor EIN: 364180953
- Sponsor Address: 7456 S STATE ROAD, BEDFORD PARK, IL, 60638
- Plan Type: 401(k)
- Total Participants: 149
- Total Assets: $5.7M
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 | 149 | $5.7M | $51,925 | $597,046 |
| 2023 | 129 | $7.4M | $44,610 | $638,613 |
| 2022 | 133 | $8.2M | $0 | $588,501 |
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 |
|---|---|---|---|---|
| MILLER COOPER | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLER COOPER — 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 | $13,162 | $9,800 | — | — | — |
| 2023 | $16,803 | $14,943 | — | — | — |
| 2022 | $19,885 | — | — | — | — |