# Mg2 Corporation 401(k) Plan
Source: https://planprovider.pro/companies/mg2-corporation-401k-plan

> Mg2 Corporation's 401(k) plan: 388 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mg2 Corporation

- **Sponsor EIN:** 910972198

- **Sponsor Address:** 1101 SECOND AVENUE SUITE 100, SEATTLE, WA, 98101

- **Plan Type:** 401(k)

- **Total Participants:** 388

- **Total Assets:** $50.3M

## 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|388|$50.3M|$817,433|$3.1M|

| 2023|384|$43.4M|$845,278|$3.1M|

| 2022|407|$35.2M|$720,890|$2.8M|

## 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|$83,794|—|$83,794|

| GALLAGHER BENEFIT SERVICES INC DBA|INVESTMENT ADVISOR|$56,748|—|$56,748|

| CLARK NUBER|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $140,542

- **Estimated Expense Ratio:** 0.280% 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|$187,288|$56,748|—|—|—|

| 2023|$121,019|$47,713|$73,081|—|—|

| 2022|$115,330|$46,286|$68,819|—|—|

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