Mag Mutual Insurance Company 401(K) Plan — Form 5500 plan (Mag Mutual Insurance Company)
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, Mag Mutual Insurance Company 401(K) Plan is a benefit plan reported by Mag Mutual Insurance Company under EIN 58-1449198 and plan number 002. The latest loaded filing year is 2023. The filing reports 490 participants and $51,495,883 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Mag Mutual Insurance Company
- EIN
- 58-1449198
- Plan number
- 002
- Plan type
- 2
- Location
- Atlanta, GA
- Latest filing year
- 2023
- Participants
- 490
- End-of-year plan assets
- $51,495,883
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 490 | H, C | 20241015120859NAL0016332451001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $51,495,883
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $51,495,883
- Net assets (BOY)
- $39,281,321
Income & contributions
- Employer contributions
- $1,932,875
- Participant contributions
- $3,759,138
- Total contributions
- $8,589,075
- Total income / additions
- $16,131,845
Expenses & distributions
- Benefits paid
- $3,883,186
- Administrative expenses
- $34,097
- Total expenses
- $3,917,283
- Net increase / (decrease)
- $12,214,562
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $24,537 | $0 | 2023 |
| Newport Group Consulting, LLC | ADVISOR | $7,217 | not reported in the loaded dataset | 2023 |
| Invesco | NONE | $2,344 | not reported in the loaded dataset | 2023 |