Plan Snapshot
- Plan Sponsor: Magnitude 7 Metals, LLC
- Sponsor EIN: 814233502
- Sponsor Address: 391 ST JUDE INDUSTRIAL PARK, MARSTON, MO, 63866
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 509
- Total Assets: $10.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 509 | $10.6M | $464,600 | $1.7M |
| 2022 | 527 | $8.9M | $580,384 | $1.9M |
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 |
|---|---|---|---|---|
| EDWARD JONES | Investment Advisor | $21,906 | — | $21,906 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $13,013 | — | $13,013 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,919
- Estimated Expense Ratio: 0.329% of plan assets
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 | $34,919 | $21,906 | — | — | — |
| 2022 | $36,926 | — | $36,926 | — | — |