2023 Form 5500 filing — Master Magnetics, 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 20250411165420NAL0036467104001) for Master Magnetics, Inc. 401(K) Plan, reported by Master Magnetics, Inc. under EIN 99-1492601 and plan number 001. It reports 122 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250411165420NAL0036467104001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Master Magnetics, Inc.
- EIN
- 99-1492601
- Plan number
- 001
- Location
- Castle Rock, CO
- Participants
- 122
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $4,260,214
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,260,214
- Employer contributions
- $39,708
- Participant contributions
- $288,498
- Total income / additions
- $938,711
- Benefits paid
- $179,490
- Administrative expenses
- $26,784
- Total expenses
- $206,274
- Net increase / (decrease)
- $732,437
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $26,783 | $0 |
| Castle Rock Investment Co | INVESTMENT ADVISORY | $0 | $12,000 |