# Magnesium Products Of America, INC. 401(k) Plan
Source: https://planprovider.pro/companies/magnesium-products-of-america-inc-401k-plan

> Magnesium Products Of America, INC.&#39;s 401(k) plan: 351 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magnesium Products Of America, INC.

- **Sponsor EIN:** 383088065

- **Sponsor Address:** 2001 INDUSTRIAL DR, EATON RAPIDS, MI, 488278210

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

- **Total Participants:** 351

- **Total Assets:** $30.6M

## 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|351|$30.6M|$789,251|$1.4M|

| 2023|326|$28.3M|$915,475|$1.5M|

| 2022|315|$25.8M|$819,787|$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|

| PLANT & MORAN, PLLC|Auditor|—|—|$0|

## 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|$109,198|—|$109,198|—|—|

| 2023|$97,863|—|$97,863|—|—|

| 2022|$103,798|—|$101,196|—|—|

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