Plan Ledger DOL Form 5500 · updated monthly

Magnificus Corporation401(k)

MAGNIFICUS CORPORATION 401(K) PLAN · LANHAM, MD · plan year 2024

Reported admin expense ratio · 2024
0.69%

Magnificus Corporation reported $19,862 in plan administrative expenses for 2024: 0.69% of average plan assets, above 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 3 years on file its reported administrative ratio has held roughly steady near 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Maryland (1,429th of 1,671), and 9,195th of 11,911 in health care & social assistance. active participation has grown from 270 to 302 since 2022.

Plan summary
Net assets, end of year$3,091,579
Participants with balances462
Active participants302
Employer contributions—
Employee contributions$652,597
Employer contribution per active participant—
Average account balance$6,692
Benefits paid to participants$674,637
Plan auditDisclaimer of opinion
AuditorGEORGE NWABUKWU & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 462 accts
2023$2.7M · 374 accts · $4K emplr
2022$2.1M · 501 accts · $15K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,862
Total administrative$19,862
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
ASCENSUS LLC · Loan processing · Recordkeeping$19,862

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$19,862 · 0.69%
2023$34,936 · 1.46%
2022$18,026 · 0.71%
Similar plansHealth Care & Social Assistance · Maryland
Ardmore Enterprises, Inc. MD$3.6M · 0.60%
Daljaco Incorporated MD$3.0M · 1.43%
Kolmac Acquisition, LLC MD$2.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522220795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.