2023 Form 5500 filing — Magic Leap Inc. 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 20241010165904NAL0011756787001) for Magic Leap Inc. 401(K) Plan, reported by Magic Leap, Inc. under EIN 45-3243237 and plan number 001. It reports 1,471 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241010165904NAL0011756787001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magic Leap, Inc.
- EIN
- 45-3243237
- Plan number
- 001
- Location
- Plantation, FL
- Participants
- 1,471
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $148,191,843
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $148,191,843
- Employer contributions
- $6,989,520
- Participant contributions
- $14,875,489
- Total income / additions
- $45,925,735
- Benefits paid
- $8,135,266
- Administrative expenses
- $249,487
- Total expenses
- $8,384,753
- Net increase / (decrease)
- $37,540,982
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Voya Retirement Insurance & Annuity | RECORD KEEPER | $249,487 | $0 |
| Nfp Retirement Inc | SERVICE PROVIDER | $0 | $80,000 |