# Magpul Industries Corp. 401(k) Plan
Source: https://planprovider.pro/companies/magpul-industries-corp-401k-plan

> Magpul Industries Corp.&#39;s 401(k) plan: 148 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/bdo-usa-pc) — 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|—|—|

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