Retirement plan

MAGEN H INC. 401(K) PROFIT SHARING PLAN

Name: MAGEN H INC. - MAGEN H INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MAGEN H INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAGEN H INC. 401(K) PROFIT SHARING PLAN, MAGEN H INC.

MAGEN H INC.EIN 80-0114490Plan #001PY 2024

54 EAST 11TH STREET - NEW YORK, NY 10014212-777-2955LinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$2.1M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$358K

+20.9% from 2023

Total participants

+14.3% from 2023

Average account balance

$51,089

+20.9% from 2023

Annual return

14.87%

-3.86 pp from 2023

Benchmarks

See 10,356 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort10,356 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$358K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$51K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.87%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$124

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$865

$173 / participant

Other / not subdivided$865100.0%

% of EOY assets

0.242%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,089

$109,904-53.5%

$97,167-47.4%

$145,959-65.0%

Participation rate

80.0%

75.9%+4.1pp

72.7%+7.3pp

80.3%-0.3pp

Annual return

14.87%

243.43%-228.6pp

75.27%-60.4pp

561.95%-547.1pp

Employer contribution / active EE

$3,594

$3,084+16.5%

$2,729+31.7%

$4,661-22.9%

Participant deferral / active EE

$4,676-100.0%

$4,264-100.0%

$6,689-100.0%

Admin fee / account holder

$124

$6,216-98.0%

$5,650-97.8%

$13,398-99.1%

MAGEN H INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAGEN H INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion