Department of Labor filing

MAGNECO/METREL, INC

MAGNECO METREL, INC. 401(K) PLAN AND TRUST · For the plan year ended Dec 31, 2024

Public filing 2024 · received Aug 25, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

80filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$3,470

Reported employer contributions per active participant.

Higher than about 79% of comparable plans

#People in the filing

123

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$53 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 82% of comparable plans

↗Investment performance

Not available

Plan assets changed 12.9%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202480out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions79th percentileTypical peer $1,992 · based on 181 comparable plans

Lower reported administrative expense82nd percentileTypical peer $164 · based on 182 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, MAGNECO/METREL, INC reported $426,824 in employer contributions across the plan and 123 active participants. That works out to $3,470 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy80%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 33.5%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 0.8%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context80/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $426,824
Participant contributions: $1,221,761
Other contributions: $39,129
Employer share of reported contributions: 25.9%
Beginning assets: $25,590,228
Ending assets: $28,900,537
Ending net assets: $28,900,537
Ending liabilities: $0
Total income: $6,159,289
Total expenses: $2,848,980
Administrative expenses: $8,591
Participant loans: $105,192

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2023

$5,221

2024

$3,470

Plan-paid administrative expenses per participant

2023

$54

2024

$53

Active participants

2023

138

2024

123

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$3,470	123	28.9M	20250825155438NAL0008004561001
2023	$5,221	138	25.6M	20240828153640NAL0022280656001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.4%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 341191723-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: May 18, 1978
Industry: Industry group 327
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2F2G2J2K2S2T3D2E

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
FIDELITY INVESTMENTS INSTITUTIONAL	2024	Not reported	unknown

Current plan terms

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Filing ACK_ID20250825155438NAL0008004561001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗