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MAG USA, INC. 401(K) PLAN 401k Plan overview

Plan NameMAG USA, INC. 401(K) PLAN
Plan identification number 001

MAG USA, INC. 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.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • 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 USA, INC. has sponsored the creation of one or more 401k plans.

Company Name:MAG USA, INC.
Employer identification number (EIN):510413340
NAIC Classification:441300
NAIC Description: Automotive Parts, Accessories, and Tire Stores

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAG USA, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01TIM BALL2024-04-15
0012022-01-01TIM BALL2023-05-09
0012021-01-01TIM BALL2022-08-23
0012020-01-01JAMES T BALL2021-04-28
0012019-01-01NANCY WHITE2020-09-29
0012018-01-01NANCY WHITE2019-09-19
0012017-01-01NANCY WHITE2018-09-13
0012016-01-01NANCY WHITE2017-08-17
0012015-01-01NANCY WHITE2016-09-13
0012014-01-01NANCY WHITE2015-09-28
0012013-01-01NANCY WHITE2014-09-18
0012012-01-01NANCY WHITE2013-05-14 NANCY WHITE2013-05-14
0012011-01-01NANCY WHITE2012-06-15
0012010-01-01NANCY WHITE2011-06-10

Financial Data on MAG USA, INC. 401(K) PLAN

Measure Date Value
2025 : MAG USA, INC. 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-01-241465160
Net assets as of the end of the plan year2025-01-248194292
Total assets as of the beginning of the plan year2025-01-247969369
Value of plan covered by a fidelity bond2025-01-24500000
Participant contributions to plan in this plan year2025-01-24387142
Value of participant loans at end of plan year2025-01-24106812
Other contributions to plan in this plan year2025-01-24190523
Other income to plan in this plan year2025-01-24857084
Plan net income in this plan year2025-01-24224923
Net assets as of the end of the plan year2025-01-248194292
Net assets as of the beginning of the plan year2025-01-247969369
Employer contributions to plan in this plan year2025-01-24255334
Expensese paid to adminstrative service provicers from plan in this plan year2025-01-2446203
2024 : MAG USA, INC. 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-04-15364358
Net assets as of the end of the plan year2024-04-157969369
Total assets as of the beginning of the plan year2024-04-156358901
Value of plan covered by a fidelity bond2024-04-15500000
Participant contributions to plan in this plan year2024-04-15360930
Value of participant loans at end of plan year2024-04-1550327
Other contributions to plan in this plan year2024-04-15291461
Other income to plan in this plan year2024-04-151085450
Plan net income in this plan year2024-04-151610468
Net assets as of the end of the plan year2024-04-157969369
Net assets as of the beginning of the plan year2024-04-156358901
Employer contributions to plan in this plan year2024-04-15236985
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-1542958

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