Plan Ledger DOL Form 5500 · updated monthly

Magna Health Systems, LLC401(k)

MAGNA HEALTH SYSTEMS, LLC 401(K) PLAN · BEDFORD PARK, IL · plan year 2022

Reported admin expense ratio · 2022
0.23%

Magna Health Systems, LLC reported $19,885 in plan administrative expenses for 2022: 0.23% 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 0.23% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Illinois (2,579th of 3,702), and 6,376th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$8,172,243
Participants with balances377
Active participants133
Employer contributions—
Employee contributions$588,501
Employer contribution per active participant—
Average account balance$21,677
Benefits paid to participants$321,419
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 417 accts · $52K emplr
2023$7.4M · 413 accts · $45K emplr
2022$8.2M · 377 accts
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.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$13,162 · 0.20%
2023$16,803 · 0.22%
2022$19,885 · 0.23%
Similar plansHealth Care & Social Assistance · Illinois
Insight Chicago IL$8.1M · 0.20%
Plymouth Place, Inc. IL$8.1M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364180953 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.