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: 25
- Total Assets: $6.6M
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 | 25 | $6.6M | $102,893 | $572,800 |
| 2023 | 155 | $8.3M | $141,267 | $873,194 |
| 2022 | 184 | $8.7M | $226,175 | $1.2M |
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 |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUP | Recordkeeper | $43,184 | — | $43,184 |
| ONEDIGITAL INVESTMENT ADVISORS LLC | Recordkeeper | $6,746 | — | $6,746 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STANCORP FINANCIAL GROUP — Recordkeeper
- ONEDIGITAL INVESTMENT ADVISORS LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,930
- Estimated Expense Ratio: 0.754% 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 | $49,932 | $6,746 | $43,186 | — | — |
| 2023 | $52,569 | $7,411 | $45,158 | — | — |
| 2022 | $65,302 | — | $65,302 | — | — |