2023 Form 5500 filing — The Magnet Group 401(K) Benefit 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 20241015155919NAL0016820083001) for The Magnet Group 401(K) Benefit Plan, reported by Magnet, LLC under EIN 43-1794043 and plan number 001. It reports 392 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015155919NAL0016820083001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magnet, LLC
- EIN
- 43-1794043
- Plan number
- 001
- Location
- Washington, MO
- Participants
- 392
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $16,520,724
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,520,724
- Employer contributions
- $151,281
- Participant contributions
- $670,187
- Total income / additions
- $3,181,078
- Benefits paid
- $781,655
- Administrative expenses
- $59,400
- Total expenses
- $841,055
- Net increase / (decrease)
- $2,340,023
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Rubin Brown Llp | ACCOUNTANT | $57,800 | not reported in the loaded dataset |
| Merrill Lynch, Pierce, Fenner And S | RECORDKEEPER | $1,600 | $0 |