Magnum Magnetics Retirement Savings Plan — Form 5500 plan (Magnum Magnetics Corporation)
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, Magnum Magnetics Retirement Savings Plan is a benefit plan reported by Magnum Magnetics Corporation under EIN 31-1333777 and plan number 001. The latest loaded filing year is 2023. The filing reports 235 participants and $8,767,966 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Magnum Magnetics Corporation
- EIN
- 31-1333777
- Plan number
- 001
- Plan type
- 2
- Location
- Marietta, OH
- Latest filing year
- 2023
- Participants
- 235
- End-of-year plan assets
- $8,767,966
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 235 | H, C | 20241011075325NAL0012271699001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,767,966
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $8,767,966
- Net assets (BOY)
- $7,181,399
Income & contributions
- Employer contributions
- $187,260
- Participant contributions
- $472,517
- Total contributions
- $659,777
- Total income / additions
- $1,935,801
Expenses & distributions
- Benefits paid
- $303,104
- Administrative expenses
- $46,130
- Total expenses
- $349,234
- Net increase / (decrease)
- $1,586,567
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Peoples Bank | NONE | $46,130 | not reported in the loaded dataset | 2023 |