Plan Snapshot
- Plan Sponsor: Magnum Engineering And Controls
- Sponsor EIN: 742953381
- Sponsor Address: 1322 SPACE PARK DR,, HOUSTON, TX, 77058
- Plan Type: 401(k)
- Total Participants: 161
- Total Assets: $10.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 161 | $10.8M | $0 | $759,415 |
| 2023 | 165 | $10.0M | $0 | $877,950 |
| 2022 | 173 | $8.4M | $0 | $913,069 |
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 |
|---|---|---|---|---|
| SOL SCHWARTZ & ASSOCIATES, PC | 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 |
|---|---|---|---|---|---|
| 2024 | $9,405 | $1,576 | $3,947 | — | — |
| 2023 | $83,917 | $79,646 | $4,271 | — | — |
| 2022 | $80,724 | $77,088 | $3,636 | — | — |