Mag DS Corp. 401(k) Review & Grade
Mag DS Corp. 401k Plan
Fairfax, VAAdministrative, Support & Staffing Services943 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,388Employer $ per active participant
$8,579Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$114.0MNet plan assets, end of year
$98,295Average balance per account
Score breakdown
- Employer generosity45.6 / 5091th percentile for employer $ per participant
- Low cost12.9 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 51th |
| Employee saving | 93th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $816 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mag DS put in about $3,388 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,195,035 |
| Participant (employee) contributions | $8,090,273 |
| Other contributions (incl. rollovers in) | $1,511,006 |
| Administrative expenses paid from the plan | $240,744 |
| Contract administrator fees | −$48 |
| Investment advisory & management fees | $141,074 |
| Benefits paid out | $19,021,748 |
| Net assets, start / end of year | $106.1M / $114.0M |
| Active participants, start / end of year | 1,011 / 875 |
| Participants with account balances | 1,160 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $162,615 reported compensation |
| The Capital Group Investment a | $62,264 reported compensation |
| The Baldwin Group Wealth Advisors | $15,914 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029141905NAL0000677971001, received 2025-10-29, EIN 80-0452944, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.