Plan Ledger DOL Form 5500 · updated monthly

Mag Ds Corp.401(k)

MAG DS CORP. 401K PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.22%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Mag Ds Corp. reported $240,744 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,651 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 254th-largest of 2,266 plans among Virginia employers on file, and the 149th of 2,534 in administrative & support services. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has shrunk from 1,129 to 875 since 2022.

Plan summary
Net assets, end of year$114,021,826
Participants with balances1,160
Active participants875
Employer contributions$3,195,035
Employee contributions$8,090,273
Employer contribution per active participant$3,651
Average account balance$98,295
Benefits paid to participants$19,021,748
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$114.0M · 1,160 accts · $3.2M emplr
2023$106.1M · 1,259 accts · $3.6M emplr
2022$92.3M · 1,345 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,670
Investment management$141,074
Total administrative$240,744
The Mag Ds Corp. 401(k) match · 2024
Employer contribution per active participant$3,651
Median for plans this size$3,635
2024$3,651 per active participant
2023$3,566 per active participant
2022$3,240 per active participant

Mag Ds Corp.'s 2024 employer contribution ran above the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$162,615
THE CAPITAL GROUP INVESTMENT A · Investment management$62,264
THE BALDWIN GROUP WEALTH ADVISORS · Investment management$15,914
CHARLES SCHWAB & CO.,INC. · Securities brokerage$182

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$240,744 · 0.22%
2023$209,830 · 0.21%
2022$236,619 · 0.23%
Same employer
Similar plansAdministrative & Support Services · Virginia
Afognak Native Corporation VA$184.0M · 0.26%
Guidepoint Security, LLC VA$100.6M · 0.28%
Lakeland Tours, LLC VA$91.0M · 0.15%
Mvm, Inc. VA$83.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800452944 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.