Plan Ledger DOL Form 5500 · updated monthly

MAGNA5 Ms Holdings LLC401(k)

MAGNA5 MS HOLDINGS LLC 401(K) PLAN · PITTSBURGH, PA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

MAGNA5 Ms Holdings LLC reported $7,966 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,799 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 2 years on file its reported administrative ratio fell from 0.12% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (2,171st of 3,651), and 7,594th of 11,654 in professional & technical services. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has grown from 161 to 252 since 2022.

Plan summary
Net assets, end of year$11,330,618
Participants with balances312
Active participants252
Employer contributions$453,377
Employee contributions$1,317,791
Employer contribution per active participant$1,799
Average account balance$36,316
Benefits paid to participants$926,436
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.3M · 312 accts · $453K emplr
2023$8.4M · 266 accts · $428K emplr
2022$4.5M · 205 accts · $275K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,966
Total administrative$7,966
The MAGNA5 Ms Holdings LLC 401(k) match · 2024
Employer contribution per active participant$1,799
Median for plans this size$1,313
2024$1,799 per active participant
2023$1,980 per active participant
2022$1,708 per active participant

MAGNA5 Ms Holdings LLC's 2024 employer contribution ran above the $1,313 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$7,966

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$7,966 · 0.08%
2023$3,615 · 0.06%
2022$6,568 · 0.12%
Same employer
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Calcium USA, LLC PA$11.7M · 0.61%
Cornelis Networks PA$11.6M · 0.02%
Therapynotes, LLC PA$11.4M · 1.05%
Prelude Systems, Inc. PA$11.2M · 0.49%
Arro Holdings, LLC PA$11.1M · 0.10%
Evolve Ip, LLC PA$11.0M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472618283 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.