Plan Ledger DOL Form 5500 · updated monthly

Magnetar Capital LLC401(k)

MAGNETAR CAPITAL LLC PROFIT SHARING AND 401(K) PLAN · EVANSTON, IL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Magnetar Capital LLC reported $78,052 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $8,108 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 0.11% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 629th-largest of 3,702 plans among Illinois employers on file, and the 1,126th of 4,798 in finance & insurance. In 2024, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,363,570
Participants with balances293
Active participants202
Employer contributions$1,637,844
Employee contributions$3,466,453
Employer contribution per active participant$8,108
Average account balance$291,343
Benefits paid to participants$8,692,335
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$85.4M · 293 accts · $1.6M emplr
2023$76.5M · 289 accts · $1.6M emplr
2022$63.2M · 283 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,052
Investment management$50,000
Total administrative$78,052
The Magnetar Capital LLC 401(k) match · 2024
Employer contribution per active participant$8,108
Median for plans this size$3,635
2024$8,108 per active participant
2023$8,166 per active participant
2022$8,164 per active participant

Magnetar Capital LLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. 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
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$37,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$28,051
WORLD INVESTMENTS INC · Investment advisory (plan)$12,500

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$78,052 · 0.10%
2023$76,658 · 0.11%
2022$77,199 · 0.11%
Same employer
Similar plansFinance & Insurance · Illinois
Hbt Financial, Inc. IL$95.0M · 0.14%
Carrollton Bank IL$94.2M · 0.29%
Byline Bancorp, Inc. IL$92.2M · 0.21%
Ccmsi Holdings, Inc. IL$82.2M · 0.35%
Savant Capital, LLC IL$79.3M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202079434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.