Retirement plan

MAG DS CORP. 401K PLAN

Name: MAG DS CORP. - MAG DS CORP. 401K PLAN (2022) 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 2022

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$92.3M

-19.5% from 2021

Total participants

1,696

-2.5% from 2021

Average account balance

$68,630

-17.3% from 2021

Annual return

-16.54%

-33.23 pp from 2021

Benchmarks

See 336 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort336 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$154,120
USI CONSULTING GROUP1 year Filed as: USI CONSULTING GROUP INC Service code 28 · EIN 06-1053228	Investment Management	$67,500
AMERICAN FUNDS1 year Filed as: THE CAPITAL GROUP INVESTMENT A Service code 28 · EIN 46-4255096	Investment Management	$15,000
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO.,INC. Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$113

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$237K

$210 / participant

Investment mgmt$60K25.4%
Other / not subdivided$177K74.6%

% of EOY assets

0.256%

all-in expense ratio

Categories reported

1 / 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

$68,630

$37,418+83.4%

$77,100-11.0%

$77,906-11.9%

Participation rate

68.9%

46.9%+22.0pp

67.9%+1.0pp

73.7%-4.8pp

Annual return

-16.54%

-7.13%-9.4pp

42.35%-58.9pp

12.16%-28.7pp

Employer contribution / active EE

$3,240

$1,200+170.1%

$2,815+15.1%

$2,846+13.8%

Participant deferral / active EE

$7,711

$2,572+199.8%

$4,430+74.1%

$4,805+60.5%

Admin fee / account holder

$176

$126+39.6%

$5,443-96.8%

$133+32.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$154,120

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING GROUP INC

Service code 28 · EIN 06-1053228

Investment Management

$67,500

AMERICAN FUNDS1 year

Filed as: THE CAPITAL GROUP INVESTMENT A

Service code 28 · EIN 46-4255096

Investment Management

$15,000

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$113

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