# Magnum Construction Management 401(k) Plan
Source: https://planprovider.pro/companies/magnum-construction-management-401k-plan

> Magnum Construction Management's 401(k) plan: 81 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|—|—|

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