Us Magnesium LLC Salaried Pension And 401(K) Plan — Form 5500 plan (Us Magnesium LLC)

Plain-English plan 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, Us Magnesium LLC Salaried Pension And 401(K) Plan is a benefit plan reported by Us Magnesium LLC under EIN 01-0705446 and plan number 002. The latest loaded filing year is 2023. The filing reports 200 participants and $39,896,231 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$39.9MPlan net assets, end of year$39,896,231
Participants200Covered participants reported
Assets / participant$199.5KComputed: assets ÷ participants$199,481 (computed)
Provider compensation$83.2K3 Schedule C provider row(s)$83,202
Plan sponsor
Us Magnesium LLC
EIN
01-0705446
Plan number
002
Plan type
2
Location
Salt Lake City, UT
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023200H, C20241015173046NAL0015174531001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$39.9M total assets
Net assets$39.9MLiabilities$0
Money in vs. money out
Total income / additions$7.1M
Total expenses$4.6M
Benefits paid / distributions$4.6M
Contributions
Employer$1.3M
Participant$1M
Full reported line items

Net assets

Total assets (EOY)
$39,896,231
Total liabilities (EOY)
$0
Net assets (EOY)
$39,896,231
Net assets (BOY)
$37,234,424

Income & contributions

Employer contributions
$1,341,583
Participant contributions
$1,034,188
Total contributions
$2,375,771
Total income / additions
$7,120,204

Expenses & distributions

Benefits paid
$4,557,933
Administrative expenses
$83,122
Total expenses
$4,641,055
Net increase / (decrease)
$2,479,149
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 56%Participant 44%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income64%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Stancorp Financial GroupNONE$49,920not reported in the loaded dataset2023
Onedigital Investment Advisors LLCNONE$16,851not reported in the loaded dataset2023
Resources Investment Advisors, IncNONE$16,431not reported in the loaded dataset2023

Related Form 5500 pages