2023 Form 5500 filing — Magna Health Systems, LLC 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 20241011130245NAL0043748626001) for Magna Health Systems, LLC 401(K) Plan, reported by Magna Health Systems, LLC under EIN 36-4180953 and plan number 001. It reports 382 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011130245NAL0043748626001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magna Health Systems, LLC
- EIN
- 36-4180953
- Plan number
- 001
- Location
- Bedford Park, IL
- Participants
- 382
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $7,399,654
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $7,399,654
- Employer contributions
- $44,610
- Participant contributions
- $638,613
- Total income / additions
- $1,718,017
- Benefits paid
- $2,469,874
- Administrative expenses
- $16,803
- Total expenses
- $2,490,606
- Net increase / (decrease)
- -$772,589
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | INVESTMENT ADVISOR | $14,943 | $7,245 |
| Adp, Inc. | RECORD KEEPER | $1,860 | $0 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 |