# Mgl Enterprises INC. 401(k) Plan
Source: https://planprovider.pro/companies/mgl-enterprises-inc-823976597-001

> Mgl Enterprises INC.'s 401(k) plan: 5 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Mgl Enterprises INC.

- **Sponsor EIN:** 823976597

- **Sponsor Address:** 5 THOMAS CIRCLE, MARBLEHEAD, MA, 01945

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

- **Plan Number:** 001

- **Total Participants:** 5

- **Total Assets:** $271,554

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **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.|

| 2025|5|$271,554|$0|$0|

| 2024|3|$240,955|$0|$0|

| 2023|2|$311,714|$0|$0|

| 2022|3|$313,557|$0|$0|

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