# Magnet-Schultz Of America, INC. 401(k) Plan
Source: https://planprovider.pro/companies/magnet-schultz-of-america-inc-401k-plan

> Magnet-Schultz Of America, INC.'s 401(k) plan: 125 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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