# Magna Legal Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/magna-legal-services-llc-401k-plan

> Magna Legal Services, LLC's 401(k) plan: 821 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magna Legal Services, LLC

- **Sponsor EIN:** 208474245

- **Sponsor Address:** 1635 MARKET STREET SUITE 800, PHILADELPHIA, PA, 19103

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

- **Total Participants:** 821

- **Total Assets:** $40.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|821|$40.5M|$1.4M|$3.4M|

| 2023|573|$20.3M|$1.1M|$1.6M|

| 2022|480|$15.7M|$778,634|$1.6M|

## 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|

| PERLSON LLP|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [PERLSON LLP](https://planprovider.pro/provider/perlson-llp) — 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|$115,044|$10,457|—|—|—|

| 2023|$69,531|$5,497|—|—|—|

| 2022|$54,970|—|$54,970|—|—|

## Similar Plans

- [Defender Association Of Philadelphia](https://planprovider.pro/companies/defender-association-of-philadelphia-403b-plan) — 718 participants

- [The Mcs Group, INC](https://planprovider.pro/companies/the-mcs-group-inc-401k-plan) — 494 participants

- [Weber Gallagher Simpson Stapleto](https://planprovider.pro/companies/weber-gallagher-simpson-stapleton-fires-newby-llp-401k-plan) — 267 participants

- [Midpenn Legal Services, INC.](https://planprovider.pro/companies/midpenn-legal-services-inc-plan) — 108 participants

- [Montgomery Mccracken Walker & Rhoads LLP](https://planprovider.pro/companies/montgomery-mccracken-walker-rhoads-llp-401k-plan-001) — 97 participants

- [Montgomery, Mccracken, Walker & Rhoads LLP](https://planprovider.pro/companies/montgomery-mccracken-walker-rhoads-llp-401k-plan-004) — 56 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/magna-legal-services-llc-401k-plan)

© 2026 PlanProvider.Pro