Plan Snapshot
- Plan Sponsor: Magnetek, INC.
- Sponsor EIN: 953917584
- Sponsor Address: 205 CROSSPOINT PARKWAY, GETZVILLE, NY, 140681605
- Plan Type: DB
- Total Participants: 42
- Total Assets: $93.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 42 | $93.3M | $0 | $0 |
| 2023 | 47 | $100.5M | $3.0M | $0 |
| 2022 | 50 | $100.7M | $750,000 | $0 |
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 |
|---|---|---|---|---|
| BONADIO & CO., LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — 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 | $904,186 | $193,076 | $205,644 | — | — |
| 2023 | $1,295,347 | $195,218 | $205,644 | — | — |
| 2022 | $1,210,949 | $222,815 | $196,911 | — | $33,000 |