Plan Snapshot
- Plan Sponsor: Magnet-Schultz Of America, INC.
- Sponsor EIN: 363703046
- Sponsor Address: 401 PLAZA DRIVE, WESTMONT, IL, 605591233
- Plan Type: 401(k)
- Total Participants: 125
- Total Assets: $9.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 125 | $9.3M | $258,372 | $645,782 |
| 2023 | 119 | $7.8M | $226,964 | $541,111 |
| 2022 | 122 | $6.9M | $209,582 | $473,409 |
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 |
|---|---|---|---|---|
| BLAZESKA BENEFIT PLAN SERVICES, P.C | 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 | $47,010 | $2,430 | — | — | — |
| 2023 | $40,934 | $2,127 | — | — | — |
| 2022 | $39,365 | — | $39,365 | — | — |