2023 Form 5500 filing — Magnet-Schultz Of America, 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 20241011104025NAL0036685744001) for Magnet-Schultz Of America, Inc. 401(K) Plan, reported by Magnet-Schultz Of America, Inc. under EIN 36-3703046 and plan number 001. It reports 156 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)$7.8MReported net assets$7,847,916
Participants156
Provider compensation$55.1K3 Schedule C row(s)$55,066
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241011104025NAL0036685744001
- Plan sponsor
- Magnet-Schultz Of America, Inc.
- EIN
- 36-3703046
- Plan number
- 001
- Location
- Westmont, IL
- Received date
- not reported in the loaded dataset
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)$7.8M total assets
Net assets$7.8MLiabilities$0
Full reported line items
- Total assets (EOY)
- $7,847,916
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,847,916
- Employer contributions
- $226,964
- Participant contributions
- $541,111
- Total income / additions
- $1,801,430
- Benefits paid
- $862,312
- Administrative expenses
- $40,934
- Total expenses
- $903,246
- Net increase / (decrease)
- $898,184
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $38,807 | $0 |
| Lincoln Financial Advisors Corp | BROKER/ADVISER | $0 | $14,132 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $2,127 | not reported in the loaded dataset |