Plan Snapshot
- Plan Sponsor: The Magellan International School Of Austin
- Sponsor EIN: 263167197
- Sponsor Address: 7501 N. CAPTIAL OF TEXAS HWY BLD B, AUSTIN, TX, 78731
- Plan Type: 401(k)
- Total Participants: 133
- Total Assets: $2.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 133 | $2.3M | $92,405 | $283,455 |
| 2023 | 127 | $1.9M | $84,958 | $286,753 |
| 2022 | 117 | $1.3M | $82,963 | $283,997 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK USA | RECORDKEEPER | $1,750 | $31,938 | $33,688 |
| WELLS FARGO ADVISORS LLC | INVESTMENT ADVISOR | $10,371 | — | $10,371 |
| ATCHLEY & ASSOCIATES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK USA — RECORDKEEPER
- ATCHLEY & ASSOCIATES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,059
- Estimated Expense Ratio: 1.957% 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 | $17,289 | $10,786 | $6,503 | — | — |
| 2023 | $8,767 | $8,067 | $200 | — | — |
| 2022 | $7,449 | $6,074 | $275 | — | $1,100 |