Plan Ledger DOL Form 5500 · updated monthly

Magnum Engineering and Controls401(k)

MAGNUM ENGINEERING AND CONTROLS 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.09%

Magnum Engineering and Controls reported $9,405 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. 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 0.87% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Texas (2,954th of 5,688), and 7,755th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$10,788,661
Participants with balances97
Active participants161
Employer contributions—
Employee contributions$759,415
Employer contribution per active participant—
Average account balance$111,223
Benefits paid to participants$1,874,124
Plan auditUnmodified (clean) audit opinion
AuditorSOL SCHWARTZ & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 97 accts
2023$10.0M · 112 accts
2022$8.4M · 130 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,829
Investment management$1,576
Total administrative$9,405
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.

Administrative cost history3
2024$9,405 · 0.09%
2023$83,917 · 0.91%
2022$80,724 · 0.87%
Same employer
Similar plansProfessional & Technical Services · Texas
Archpoint, LLC TX$11.0M · 0.77%
Iea, Inc. TX$11.0M · 0.51%
Hazel Health, Inc. TX$10.7M · 0.42%
Stratum Reservoir LLC TX$10.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742953381 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.