Plan Snapshot
- Plan Sponsor: Magnum Venus Products, INC.
- Sponsor EIN: 362650388
- Sponsor Address: 2030 FALLING WATERS RD, SUITE 350, KNOXVILLE, TN, 37922
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 197
- Total Assets: $14.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 197 | $14.1M | $0 | $0 |
| 2024 | 135 | $13.3M | $407,661 | $1.0M |
| 2023 | 148 | $14.3M | $398,316 | $1.3M |
| 2022 | 176 | $12.6M | $360,838 | $1.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $60,092 | — | $60,092 |
| RAYMOND JAMES FINANCIAL SERVICES AD | Investment Advisor | — | $39,767 | $39,767 |
| ERISA SERVICES, INC. | Other Service Provider | $7,841 | $6,663 | $14,504 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,363
- Estimated Expense Ratio: 0.809% 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 |
|---|---|---|---|---|---|
| 2025 | $3,197,091 | — | — | — | — |
| 2024 | $47,931 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $5,200 | — | $5,200 | — | — |