Retirement plan

MAG DS CORP. 401K PLAN

Name: MAG DS CORP. - MAG DS CORP. 401K PLAN (2024) Form 5500
Creator: MAG DS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAG DS CORP. 401K PLAN, MAG DS CORP.

MAG DS CORP.EIN 80-0452944Plan #001PY 2024

12730 FAIR LAKES CIRCLE, SUITE 600 - FAIRFAX, VA 220334901703-437-2070mag-ds.comLinkedIn1001-5000 employeesmanagement consulting

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$114M

+7.4% from 2023

Total participants

1,421

-9.9% from 2023

Average account balance

$98,295

+16.6% from 2023

Annual return

14.72%

-5.71 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$114.02M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

1,160

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.

70.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$162,615
AMERICAN FUNDS3 years Filed as: THE CAPITAL GROUP INVESTMENT A Service code 28 · EIN 46-4255096	Investment Management	$62,264
BALDWIN & BALDWIN PLLC1 year Filed as: THE BALDWIN GROUP WEALTH ADVISORS Service code 28 · EIN 47-5476782	Investment Management	$15,914
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$182
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$241K

$275 / participant

Recordkeeping$100K41.4%
Investment mgmt$141K58.6%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,295

$45,109+117.9%

$85,240+15.3%

$77,762+26.4%

Participation rate

70.2%

48.7%+21.5pp

67.5%+2.6pp

70.6%-0.4pp

Annual return

14.72%

79.55%-64.8pp

66.75%-52.0pp

31.27%-16.5pp

Employer contribution / active EE

$3,651

$1,602+128.0%

$2,735+33.5%

$2,728+33.8%

Participant deferral / active EE

$9,246

$2,814+228.6%

$4,527+104.2%

$4,651+98.8%

Admin fee / account holder

$208

$915-77.3%

$6,165-96.6%

$433-52.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$162,615

AMERICAN FUNDS3 years

Filed as: THE CAPITAL GROUP INVESTMENT A

Service code 28 · EIN 46-4255096

Investment Management

$62,264

BALDWIN & BALDWIN PLLC1 year

Filed as: THE BALDWIN GROUP WEALTH ADVISORS

Service code 28 · EIN 47-5476782

Investment Management

$15,914

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$182

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

MAG DS CORP. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAG DS CORP. 401K 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