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)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $0 | $215,556 |
| 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 | $43,812 | — | $43,812 |
| CAPITAL GROUP RETIREMENT PLAN SVCS. | Recordkeeper | $26,026 | — | $26,026 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,838
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 | $64,099 | $15,690 | — | — | — |
| 2023 | $34,919 | $21,906 | — | — | — |
| 2022 | $36,926 | — | $36,926 | — | — |