Plan Snapshot
- Plan Sponsor: Magnetika, INC.
- Sponsor EIN: 953725665
- Sponsor Address: 2041 W 139TH STREET, GARDENA, CA, 90249
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $6.2M
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. |
|---|---|---|---|---|
| 2023 | 130 | $6.2M | $146,296 | $505,809 |
| 2022 | 135 | $5.5M | $146,296 | $505,809 |
| 2021 | 132 | $6.5M | $0 | $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 |
|---|---|---|---|---|
| PDMLLP | 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 |
|---|---|---|---|---|---|
| 2023 | $9,268 | $9,268 | — | — | — |
| 2022 | $4,588 | $1,338 | — | — | — |
| 2021 | $5,731 | $2,066 | — | — | — |