Mags Enterprises Inc. Profit Sharing Plan — Form 5500 plan (Mags Enterprises Inc.)
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, Mags Enterprises Inc. Profit Sharing Plan is a benefit plan reported by Mags Enterprises Inc. under EIN 27-5485727 and plan number 001. The latest loaded filing year is 2023. The filing reports 2 participants and $533,366 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mags Enterprises Inc.
- EIN
- 27-5485727
- Plan number
- 001
- Plan type
- 2
- Location
- Simpsonville, SC
- Latest filing year
- 2023
- Participants
- 2
- End-of-year plan assets
- $533,366
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2 | I | 20240501164641NAL0008919251001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $533,366
- Net assets (EOY)
- $533,366
- Net assets (BOY)
- $854,440
Income & contributions
- Total income / additions
- -$321,074
Expenses & distributions
- Total expenses
- $0
- Net increase / (decrease)
- -$321,074
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.