Plan Snapshot
- Plan Sponsor: Us Magnesium LLC
- Sponsor EIN: 010705446
- Sponsor Address: 238 NORTH 2200 WEST, SALT LAKE CITY, UT, 841162921
- Plan Type: DB
- Total Participants: 2
- Total Assets: $24.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2 | $24.5M | $0 | $0 |
| 2023 | 36 | $28.2M | $0 | $0 |
| 2022 | 48 | $34.5M | $0 | $0 |
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 | $254,875 | $6,980 | $191,265 | — | — |
| 2023 | $820,562 | $5,738 | $259,006 | $20,515 | — |
| 2022 | $554,931 | $2,042 | $78,743 | — | — |