# Magnum Engineering And Controls 401(k) Plan
Source: https://planprovider.pro/companies/magnum-engineering-and-controls-plan

> Magnum Engineering And Controls's 401(k) plan: 161 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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