Plan Ledger DOL Form 5500 · updated monthly

Magbee Bros. Lumber and Supply Company, Inc.401(k)

MAGBEE BROS. LUMBER AND SUPPLY CO., INC. PROFIT SHARING PLAN · WINDER, GA · plan year 2024

Reported admin expense ratio · 2024
0.29%

Magbee Bros. Lumber and Supply Company, Inc. reported $21,138 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. 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 0.31% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Georgia (1,385th of 2,160), and 3,063rd of 5,215 in retail trade.

Plan summary
Net assets, end of year$7,910,322
Participants with balances248
Active participants227
Employer contributions—
Employee contributions$852,363
Employer contribution per active participant—
Average account balance$31,896
Benefits paid to participants$183,794
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP, INC
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 248 accts
2023$6.5M · 239 accts · $187K emplr
2022$6.1M · 249 accts · $440K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,949
Investment management$13,189
Total administrative$21,138
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 · 20242
MORGAN STANLEY GLOBAL · Investment advisory (plan)$10,590
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$7,949

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

Administrative cost history3
2024$21,138 · 0.29%
2023$22,405 · 0.36%
2022$19,115 · 0.31%
Same employer
Similar plansRetail Trade · Georgia
Mms Motorsports, LLC GA$8.1M · 1.49%
Wmc, Inc. Honda Carland GA$7.6M · 0.36%
Adcom, Inc. GA$6.7M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581761636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.