2023 Form 5500 filing — Magnum Engineering And Controls 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240815123140NAL0028164578001) for Magnum Engineering And Controls 401(K) Plan, reported by Magnum Engineering And Controls under EIN 74-2953381 and plan number 001. It reports 218 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240815123140NAL0028164578001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magnum Engineering And Controls
- EIN
- 74-2953381
- Plan number
- 001
- Location
- Houston, TX
- Participants
- 218
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $9,978,483
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,978,483
- Participant contributions
- $877,950
- Total income / additions
- $3,148,877
- Benefits paid
- $1,380,555
- Administrative expenses
- $83,917
- Total expenses
- $1,556,490
- Net increase / (decrease)
- $1,592,387
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide | CUSTODIAN | $75,416 | not reported in the loaded dataset |
| Lpl Financial | ADVISOR | $0 | $43,521 |
| Inwest Retirement Solutions | TPA | $8,500 | not reported in the loaded dataset |