# Magna Machine Co. 401(k) Plan
Source: https://planprovider.pro/companies/magna-machine-co-plan

> Magna Machine Co.'s 401(k) plan: 145 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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