Plan Snapshot
- Plan Sponsor: Magpul Industries Corp.
- Sponsor EIN: 841502119
- Sponsor Address: 5408 US HIGHWAY 290 WEST, AUSTIN, TX, 78735
- Plan Type: 401(k)
- Total Participants: 148
- Total Assets: $10.2M
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. |
|---|---|---|---|---|
| 2024 | 148 | $10.2M | $368,936 | $851,618 |
| 2023 | 156 | $9.0M | $374,775 | $919,207 |
| 2022 | 159 | $7.0M | $359,428 | $810,288 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $40,511 | — | $40,511 |
| NFP RETIREMENT INC | INVESTMENT ADVISOR | $17,500 | — | $17,500 |
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,011
- Estimated Expense Ratio: 0.569% 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 | $61,283 | $22,011 | — | — | — |
| 2023 | $57,909 | $20,477 | — | — | — |
| 2022 | $51,950 | $19,277 | $32,673 | — | — |