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MAGSTAR CAPITAL LLC 401k Plan overview

Plan NameMAGSTAR CAPITAL LLC
Plan identification number 001

MAGSTAR CAPITAL LLC 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.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • 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

MAGSTAR CAPITAL LLC has sponsored the creation of one or more 401k plans.

Company Name:MAGSTAR CAPITAL LLC
Employer identification number (EIN):824256328
NAIC Classification:541211
NAIC Description:Offices of Certified Public Accountants

Additional information about MAGSTAR CAPITAL LLC

Jurisdiction of Incorporation: New York Department of State
Incorporation Date: 2018-01-26
Company Identification Number: 5275072
Legal Registered Office Address: 600 Mamaroneck Avenue #400
Westchester
Harrison
United States of America (USA)
10528

More information about MAGSTAR CAPITAL LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MAGSTAR CAPITAL LLC

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01NICK RICE2024-07-20
0012022-01-01NICK RICE2023-07-06
0012021-01-01SHIRLEY HORNER2022-07-13
0012020-10-01SHIRLEY HORNER2021-07-17

Financial Data on MAGSTAR CAPITAL LLC

Measure Date Value
2025 : MAGSTAR CAPITAL LLC 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-1970159
Net assets as of the end of the plan year2025-07-1955526
Total assets as of the beginning of the plan year2025-07-19114356
Value of plan covered by a fidelity bond2025-07-1912000
Participant contributions to plan in this plan year2025-07-192313
Value of participant loans at end of plan year2025-07-1933793
Other income to plan in this plan year2025-07-197166
Plan net income in this plan year2025-07-19-58830
Net assets as of the end of the plan year2025-07-1955526
Net assets as of the beginning of the plan year2025-07-19114356
Employer contributions to plan in this plan year2025-07-191850
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-19159
2024 : MAGSTAR CAPITAL LLC 2024 401k financial data
Total expenses incurred by plan in this plan year2024-07-2013487
Net assets as of the end of the plan year2024-07-20114356
Total assets as of the beginning of the plan year2024-07-2091743
Value of plan covered by a fidelity bond2024-07-2010000
Participant contributions to plan in this plan year2024-07-2016018
Value of participant loans at end of plan year2024-07-2041648
Other income to plan in this plan year2024-07-2018216
Plan net income in this plan year2024-07-2022613
Net assets as of the end of the plan year2024-07-20114356
Net assets as of the beginning of the plan year2024-07-2091743
Employer contributions to plan in this plan year2024-07-201866
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-20517

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