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MAG 401(K) PLAN 401k Plan overview

Plan NameMAG 401(K) PLAN
Plan identification number 001

MAG 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

MAG AUTO INTERIORS, LLC has sponsored the creation of one or more 401k plans.

Company Name:MAG AUTO INTERIORS, LLC
Employer identification number (EIN):454817916
NAIC Classification:336300

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAG 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01MARK GROENINK2024-05-07
0012022-01-01MARK GROENINK2023-10-02
0012021-01-01MARK GROENINK2022-04-15
0012020-01-01MARK GROENINK2021-02-23
0012019-01-01MARK GROENINK2020-01-27
0012018-01-01MARK GROENINK2019-02-11
0012017-03-01MARK GROENINK2018-02-27

Plan Statistics for MAG 401(K) PLAN

401k plan membership statisitcs for MAG 401(K) PLAN

Measure Date Value
2025: MAG 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-01-156
Total number of particpants at end of year2025-01-154
Number of Participants With Account Balances2025-01-154
2024: MAG 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-05-076
Total number of particpants at end of year2024-05-076
Number of Participants With Account Balances2024-05-076
2022: MAG 401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-04-155
Total number of particpants at end of year2022-04-155
Number of Participants With Account Balances2022-04-155

Financial Data on MAG 401(K) PLAN

Measure Date Value
2025 : MAG 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-01-1517902
Net assets as of the end of the plan year2025-01-151007508
Total assets as of the beginning of the plan year2025-01-15826769
Value of plan covered by a fidelity bond2025-01-1583000
Participant contributions to plan in this plan year2025-01-1555017
Other income to plan in this plan year2025-01-15131726
Plan net income in this plan year2025-01-15180739
Net assets as of the end of the plan year2025-01-151007508
Net assets as of the beginning of the plan year2025-01-15826769
Employer contributions to plan in this plan year2025-01-1511898
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-15200
2024 : MAG 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-05-070
Net assets as of the end of the plan year2024-05-07826769
Total assets as of the beginning of the plan year2024-05-07624114
Value of plan covered by a fidelity bond2024-05-0765000
Participant contributions to plan in this plan year2024-05-0752436
Other income to plan in this plan year2024-05-07139822
Plan net income in this plan year2024-05-07202655
Net assets as of the end of the plan year2024-05-07826769
Net assets as of the beginning of the plan year2024-05-07624114
Employer contributions to plan in this plan year2024-05-0710397
2022 : MAG 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-04-1525
Net assets as of the end of the plan year2022-04-15643319
Total assets as of the beginning of the plan year2022-04-15503553
Value of plan covered by a fidelity bond2022-04-1560000
Participant contributions to plan in this plan year2022-04-1543348
Other income to plan in this plan year2022-04-1586245
Plan net income in this plan year2022-04-15139766
Net assets as of the end of the plan year2022-04-15643319
Net assets as of the beginning of the plan year2022-04-15503553
Employer contributions to plan in this plan year2022-04-1510198
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-1525

Potentially related plans

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