Plan Ledger DOL Form 5500 · updated monthly

Magnate Holdings, LLC401(k)

MAGNATE HOLDINGS, LLC 401(K) PLAN · PORTLAND, OR · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Magnate Holdings, LLC reported $150,147 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,152 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 0.57% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 250th-largest of 1,021 plans among Oregon employers on file, and the 499th of 2,677 in transportation & warehousing. In 2024, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,898,936
Participants with balances523
Active participants486
Employer contributions$1,045,881
Employee contributions$3,290,342
Employer contribution per active participant$2,152
Average account balance$66,728
Benefits paid to participants$2,496,531
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$34.9M · 523 accts · $1.0M emplr
2023$28.9M · 486 accts · $727K emplr
2022$23.2M · 458 accts · $336K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$150,147
Total administrative$150,147
The Magnate Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$2,152
Median for plans this size$2,416
2024$2,152 per active participant
2023$1,437 per active participant
2022$717 per active participant

Magnate Holdings, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$138,146
HUNTER BENEFITS CONSULTING GROUP · Contract administrator · Other services$12,000
EMBREE FINANCIAL GROUP · Investment advisory (plan)indirect comp

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$150,147 · 0.47%
2023$157,495 · 0.60%
2022$136,508 · 0.57%
Same employer
Similar plansTransportation & Warehousing · Oregon
Columbia Helicopters, Inc. OR$89.0M · 0.07%
Erickson Incorporated OR$67.5M · 0.20%
Sause Bros., Inc. OR$36.2M · 0.12%
May Trucking Company OR$25.1M · 0.18%
Omega Morgan Holdings Inc. OR$20.6M · 0.21%
Combined Transport, Inc. OR$14.5M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474472644 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.