Plan Snapshot
- Plan Sponsor: Magnum Construction Management
- Sponsor EIN: 592373403
- Sponsor Address: 6201 SW 70TH STREET, FLOOR 1, SOUTH MIAMI, FL, 33143
- Plan Type: 401(k)
- Total Participants: 81
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 81 | $6.1M | $210,708 | $415,059 |
| 2023 | 57 | $5.5M | $181,909 | $297,476 |
| 2022 | 47 | $6.4M | $158,521 | $257,082 |
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 |
|---|---|---|---|---|
| H&CO LLP | Auditor | $15,000 | — | $15,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,000
- Estimated Expense Ratio: 0.245% 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 |
|---|---|---|---|---|---|
| 2024 | $39,371 | $11,197 | — | $15,000 | — |
| 2023 | $41,822 | $11,037 | — | $14,750 | — |
| 2022 | $51,702 | — | — | — | — |