2023 Form 5500 filing — Us Magnesium LLC Hourly Defined Benefit Pension 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 20241104132051NAL0010864144001) for Us Magnesium LLC Hourly Defined Benefit Pension Plan, reported by Us Magnesium LLC under EIN 01-0705446 and plan number 003. It reports 694 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)$28.2MReported net assets$28,185,835
Participants694
Provider compensation$301.4K5 Schedule C row(s)$301,450
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241104132051NAL0010864144001
- Plan sponsor
- Us Magnesium LLC
- EIN
- 01-0705446
- Plan number
- 003
- Location
- Salt Lake City, UT
- 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)$28.2M total assets
Net assets$28.2MLiabilities$0
Full reported line items
- Total assets (EOY)
- $28,185,835
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $28,185,835
- Total income / additions
- $4,157,193
- Benefits paid
- $9,660,128
- Administrative expenses
- $820,562
- Total expenses
- $10,480,690
- Net increase / (decrease)
- -$6,323,497
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $259,006 | $0 |
| Crowe Llp | AUDITOR | $20,515 | not reported in the loaded dataset |
| Eisneramper Llp | CONSULTANT | $10,237 | not reported in the loaded dataset |
| Principal Trust Company | TRUSTEE | $5,954 | not reported in the loaded dataset |
| Jpmorgan Chase Bank Na | INVESTMENT MANAGER | $5,738 | $0 |