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MAGNET MEDIA, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMAGNET MEDIA, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 001

MAGNET MEDIA, INC. 401(K) PROFIT SHARING 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.

401k Sponsoring company profile

MAGNET MEDIA, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAGNET MEDIA, INC.
Employer identification number (EIN):113683025
NAIC Classification:519100

Additional information about MAGNET MEDIA, INC.

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2000-05-26
Company Identification Number: 2514609
Legal Registered Office Address: 500 7TH AVENUE 8TH FLOOR
New York
NEW YORK
United States of America (USA)
10018

More information about MAGNET MEDIA, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGNET MEDIA, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012019-01-01STEPHEN MAY2020-06-11
0012018-01-01STEPHEN MAY2019-05-29 STEPHEN MAY2019-05-29
0012017-01-01STEPHEN MAY2018-06-11 STEPHEN MAY2018-06-11
0012016-01-01STEPHEN MAY2017-03-30
0012015-01-01STEPHEN MAY2016-06-30
0012014-01-01STEPHEN MAY2015-09-09
0012013-01-01STEPHEN MAY2014-10-02
0012012-01-01STEPHEN MAY2013-04-08 STEPHEN MAY2013-04-08
0012011-01-01STEPHEN MAY2012-10-04
0012010-01-01STEPHEN MAY2011-07-21

Financial Data on MAGNET MEDIA, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2025 : MAGNET MEDIA, INC. 401(K) PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-05-0613840
Net assets as of the end of the plan year2025-05-061582257
Total assets as of the beginning of the plan year2025-05-061400916
Participant contributions to plan in this plan year2025-05-060
Other expenses paid from plan in this plan year2025-05-060
Other income to plan in this plan year2025-05-06195181
Plan net income in this plan year2025-05-06181341
Net assets as of the end of the plan year2025-05-061582257
Net assets as of the beginning of the plan year2025-05-061400916
Employer contributions to plan in this plan year2025-05-060
Expensese paid to adminstrative service provicers from plan in this plan year2025-05-0613840

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