2023 Form 5500 filing — Mag Instrument, Inc. Profit Sharing 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 20241010123709NAL0035701680001) for Mag Instrument, Inc. Profit Sharing Plan, reported by Mag Instrument, Inc. under EIN 95-2912384 and plan number 001. It reports 365 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Form 5500 2 · 2023

Filing snapshot

Net assets (EOY)$11.9MReported net assets$11,878,848
Participants365
Provider compensation$62.1K2 Schedule C row(s)$62,112
Schedules filedSchedule H, Schedule CLoaded schedules
EFAST2 acknowledgement
20241010123709NAL0035701680001
Plan sponsor
Mag Instrument, Inc.
EIN
95-2912384
Plan number
001
Location
Ontario, CA
Received date
not reported in the loaded dataset
How to read this filing
  • This is a single annual Form 5500 filing, identified by its EFAST2 acknowledgement id.
  • Schedule chips (Sch H / I / C) show which schedules this filing includes.
  • Net assets = total assets minus total liabilities (Schedule H/I).
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • For the plan's full history, open the plan profile.
Schedule H · 2023

Reported financial snapshot

Reported figures as filed, in whole dollars. Only fields the filing reports are shown.

Reported balance (end of year)$11.9M total assets
Net assets$11.9MLiabilities$0
Money in vs. money out
Total income / additions$2M
Total expenses$2M
Benefits paid / distributions$1.9M
Contributions
EmployerNot reported
Participant$409.1K
Full reported line items
Total assets (EOY)
$11,878,848
Total liabilities (EOY)
$0
Net assets (EOY)
$11,878,848
Participant contributions
$409,070
Total income / additions
$1,987,037
Benefits paid
$1,943,701
Administrative expenses
$62,112
Total expenses
$2,005,784
Net increase / (decrease)
-$18,747
Schedule C

Reported service provider compensation

Compensation reported on the 2023 filing, ranked by reported total.

  1. 1
    CONTRACT ADMINISTRATOR · Direct $62.1K · Indirect $0
  2. 2
    INV ADV, PARTICIPANTS · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

What does EFAST2 acknowledgement 20241010123709NAL0035701680001 cover?
It is the 2023 Form 5500 filing for Mag Instrument, Inc. Profit Sharing Plan, reported by Mag Instrument, Inc. (EIN 95-2912384).
Which Form 5500 schedules are attached to this 2023 filing?
Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).

Related Form 5500 pages