Frank N. Magid Associates, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Frank N. Magid Associates, 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, Frank N. Magid Associates, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Frank N. Magid Associates, Inc under EIN 42-0894975 and plan number 001. The latest loaded filing year is 2023. The filing reports 186 participants and $23,251,701 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Frank N. Magid Associates, Inc
- EIN
- 42-0894975
- Plan number
- 001
- Plan type
- 2
- Location
- Minneapolis, MN
- Latest filing year
- 2023
- Participants
- 186
- End-of-year plan assets
- $23,251,701
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 186 | H, C | 20241011144443NAL0011037635001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,251,701
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,251,701
- Net assets (BOY)
- $22,163,487
Income & contributions
- Employer contributions
- $50,000
- Participant contributions
- $1,290,914
- Total contributions
- $1,445,342
- Total income / additions
- $5,509,112
Expenses & distributions
- Benefits paid
- $4,343,551
- Administrative expenses
- $75,478
- Total expenses
- $4,420,898
- Net increase / (decrease)
- $1,088,214
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $30,680 | $0 | 2023 |
| Kdv Wealth Management, LLC | INVESTMENT ADVISOR | $23,656 | not reported in the loaded dataset | 2023 |
| Creative Planning Holdco LLC Dba Cr | INVESTMENT ADVISOR | $11,142 | not reported in the loaded dataset | 2023 |
| Bohr, Dahm, Greif & Associates, P.C | AUDITOR | $10,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Frank N. Magid Associates, Inc
- 2023 Form 5500 filing
- Form 5500 filings in MN
- 401(k) and benefit plan filings in Minneapolis, MN
- Empower Annuity Insurance Company — Schedule C compensation
- Kdv Wealth Management, LLC — Schedule C compensation
- Creative Planning Holdco LLC Dba Cr — Schedule C compensation
- Bohr, Dahm, Greif & Associates, P.C — Schedule C compensation