Plan Ledger DOL Form 5500 · updated monthly

Mag Instrument, Inc.401(k)

MAG INSTRUMENT, INC. PROFIT SHARING PLAN · ONTARIO, CA · plan year 2022

Reported admin expense ratio · 2022
0.56%

Mag Instrument, Inc. reported $74,448 in plan administrative expenses for 2022: 0.56% of average plan assets, higher than ~75% of peers. 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 2 years on file its reported administrative ratio fell from 0.56% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (4,998th of 9,483), and 8,062nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$11,897,595
Participants with balances319
Active participants221
Employer contributions—
Employee contributions$442,015
Employer contribution per active participant—
Average account balance$37,297
Benefits paid to participants$1,407,833
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 252 accts
2023$11.9M · 283 accts
2022$11.9M · 319 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$64,210
Professional / advisory$10,238
Total administrative$74,448
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$60,069 · 0.51%
2023$62,112 · 0.52%
2022$74,448 · 0.56%
Same employer
Similar plansManufacturing · California
Ceribell, Inc. CA$12.0M · 0.13%
Fleenor Company, Inc. CA$12.0M · 0.54%
Asteelflash USA Corp CA$11.9M · 0.19%
Pentel of America, LTD CA$11.9M · 0.53%
G L Mezzetta, Inc CA$11.9M · 0.62%
Johanson Dielectrics, Inc. CA$11.8M · 0.04%
Purple Brands CA$11.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952912384 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.