Plan Snapshot
- Plan Sponsor: Magna Machine Co.
- Sponsor EIN: 310559326
- Sponsor Address: 11180 SOUTHLAND ROAD, CINCINNATI, OH, 45240
- Plan Type: 401(k)
- Total Participants: 145
- Total Assets: $8.4M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 145 | $8.4M | $124,637 | $676,956 |
| 2023 | 142 | $7.8M | $152,452 | $597,238 |
| 2022 | 142 | $7.0M | $154,624 | $628,495 |
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 |
|---|---|---|---|---|
| RUDLER, PSC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RUDLER, PSC — 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 | $7,043 | $2,912 | — | — | — |
| 2023 | $8,992 | $4,086 | — | — | — |
| 2022 | $9,059 | $4,877 | — | — | — |