Retirement plan

MAG DS CORP. 401K PLAN

Name: MAG DS CORP. - MAG DS CORP. 401K PLAN (2021) 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 2021

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)

$114.7M

+14.3% from 2020

Total participants

1,740

-10.2% from 2020

Average account balance

$82,998

+22.0% from 2020

Annual return

16.69%

-37.84 pp from 2020

Benchmarks

See 323 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort323 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$150,601
USI CONSULTING GROUP2 years Filed as: USI ADVISORS INC Service code 28 · EIN 06-1397347	Investment Management	$110,359
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$17

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

$261K

$215 / participant

Other / not subdivided$261K100.0%

% of EOY assets

0.228%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,998

$45,719+81.5%

$96,171-13.7%

$93,010-10.8%

Participation rate

70.4%

45.8%+24.6pp

68.4%+2.0pp

73.9%-3.5pp

Annual return

16.69%

3211.95%-3195.3pp

192.04%-175.4pp

158.70%-142.0pp

Employer contribution / active EE

$3,576

$1,139+214.1%

$2,799+27.8%

$2,705+32.2%

Participant deferral / active EE

$8,104

$2,344+245.7%

$4,350+86.3%

$4,561+77.7%

Admin fee / account holder

$189

$128+47.5%

$5,538-96.6%

$152+24.5%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$150,601

USI CONSULTING GROUP2 years

Filed as: USI ADVISORS INC

Service code 28 · EIN 06-1397347

Investment Management

$110,359

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

$17

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