Plans » Benchmarking Engine
Benchmarking Magnum, Ltd. 401(K) Plan in Fargo, ND against
good (2)
neutral (7)
Magnum, Ltd. 401(K) Plan in Fargo, ND has the 8th-highest net income ($4,627,412) of the 50 plans within 50 miles. Those $4,627,412 compare to an average of $2,905,234 across the 50 plans.
Note: net income = total income - total expenses
Magnum, Ltd. 401(K) Plan has these standings among those 50 peer plans:
Note: net income = total income - total expenses
Magnum, Ltd. 401(K) Plan has these standings among those 50 peer plans:
- net income = $4,627,412 (8th-highest)
- total income = $7,707,274 (7th-highest)
- total expenses = $3,079,862 (7th-highest)
- net income. Higher values are better. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
-
within 50 miles.
- The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
- In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.
Magnum, Ltd. 401(K) Plan in Fargo, ND is in Fargo, ND, its EIN is 450346628, its industry group is General Freight Trucking, its plan administrator is Wayne Gadberry, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 484120, has 1,000 to 4,999 total participants, is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5), and is higher than the overall administrative medians in each of other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- net assets (assets minus liabilities) ($29.90M)
- total assets ($29,896,112)
- value of interest in registered investment companies (e.g., mutual funds) ($28.70M)
- total assets at beginning of plan year ($19,412,075)
- total income ($7,707,274)
- asset transfers to this plan ($5,856,625)
- total contributions ($5,302,289)
- net income ($4,627,412)
- cash contributions from participants ($3,676,774)
- total expenses ($3,079,862)
- earnings on investments ($2,518,055)
- net earnings on investments ($2,518,055)
- cash contributions from employers ($1,560,397)
- value of interest in common/collective trusts ($794,457)
- other administrative expenses ($327,151)
- total administrative expenses ($327,151)
- participant loans ($218,344)
- receivables participant contributions ($135,376)
- receivables employer contributions ($58,095)
- average account balance ($18,454)
- corrective distributions ($4,361)
- net income per total participant ($2,856)
- average participant cash contribution per active participant ($2,557)
- total noninterest-bearing cash ($2,182)
- average employer cash contribution per active participant ($1,085)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($234)
- total administrative expense per participant ($201.95)
- other receivables (not employer nor participant contributions) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- asset transfers from this plan ($0)
- percentage of active participants (88.8%)
- diversity of asset types (6.6%)
- total administrative expense ratio (1.094%)
- participant loans as a percentage of plan assets (0.73%)
- total cash as a percentage of plan assets (0.01%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (1,438)
- deceased participants whose beneficiaries receive or are entitled to benefits (3)
- living participants (1,617)
- other retired or separated participants entitled to future benefits (179)
- retired or separated participants receiving benefits (0)
- total participants (1,620)
Global References