Plan Snapshot
- Plan Sponsor: Us Magnesium LLC
- Sponsor EIN: 010705446
- Sponsor Address: 238 NORTH 2200 WEST, SALT LAKE CITY, UT, 84116
- Plan Type: 401(k)
- Total Participants: 29
- Total Assets: $34.5M
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 | 29 | $34.5M | $1.0M | $856,640 |
| 2023 | 118 | $39.9M | $1.3M | $1.0M |
| 2022 | 139 | $37.2M | $1.4M | $1.0M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $89,101 | $35,441 | $53,660 | — | — |
| 2023 | $83,122 | $33,282 | $49,840 | — | — |
| 2022 | $89,838 | — | $89,838 | — | — |