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, Master Magnetics, Inc. 401(K) Plan is a benefit plan reported by Master Magnetics, Inc. under EIN 99-1492601 and plan number 001. The latest loaded filing year is 2023. The filing reports 122 participants and $4,260,214 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $4,260,214
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $4,260,214
- Net assets (BOY)
- $3,527,777
Income & contributions
- Employer contributions
- $39,708
- Participant contributions
- $288,498
- Total contributions
- $488,054
- Total income / additions
- $938,711
Expenses & distributions
- Benefits paid
- $179,490
- Administrative expenses
- $26,784
- Total expenses
- $206,274
- Net increase / (decrease)
- $732,437