Plan Snapshot
- Plan Sponsor: Magna Hospitality Group, L.C.
- Sponsor EIN: 650846862
- Sponsor Address: THE SUMMIT, WARWICK EXECUTIVE PARK, WARWICK, RI, 02886
- Plan Type: 401(k)
- Total Participants: 2,870
- Total Assets: $23.7M
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 | 2,870 | $23.7M | $729,110 | $4.2M |
| 2023 | 2,085 | $20.0M | $755,552 | $3.6M |
| 2022 | 1,608 | $13.8M | $570,118 | $2.3M |
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 |
|---|---|---|---|---|
| CITRIN COOPERMAN & COMPANY, LLP | Auditor | $38,338 | — | $38,338 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,338
- Estimated Expense Ratio: 0.162% 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 | $201,259 | $20,332 | $112,090 | $38,338 | — |
| 2023 | $153,996 | $15,377 | $109,883 | $5,670 | — |
| 2022 | $189,918 | — | — | — | — |