Magnit Global Solutions, Inc.401(k)

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

Magnit Global Solutions, Inc. reported $1,764,961 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $87 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 0.52% to 0.39%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other administrative & support services employers. By assets it is the 267th-largest of 9,483 plans among California employers on file, and the 45th of 2,534 in administrative & support services. In 2024, employees put in $35.29 for every $1.00 the employer contributed; active participation has grown from 23,003 to 26,041 since 2022.