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Original filing (PDF)20251015235752NAL0011553666001
US MAGNESIUM LLC
Form 5500
FILING_RECEIVED
US MAGNESIUM LLC HOURLY DEFINED BENEFIT PENSION PLAN
Defined-benefit pension plan
Signals · 2
34% in single holding~83 bps in Sched C fees
Active participants
2
Accounts w/ balance
—
Plan assets (EOY)
$24.5M
Net assets (EOY)
$24.5M
How this plan invests
This plan
2 pooled trusts
Schedule D
4 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
88
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
83
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- Top holding "Principal Bank Allspring Government" is 34% of plan.
- 83 bps in Schedule C fees — 187% above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for US MAGNESIUM LLC.
Plan sponsor
Name
US MAGNESIUM LLC
EIN
01-0705446
Address
238 NORTH 2200 WEST · SALT LAKE CITY, UT · 841162921
Phone
(801) 532-1522
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-16
Pension benefit codes
1B · Flat-dollar DB formula
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
CROWE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| JPMORGAN CHASE BANK NA | 13-4994650 | — | INVESTMENT MANAGER | $7K | — |
Trustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL TRUST COMPANY | 51-0099493 | — | TRUSTEE | $5K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $191K | — |
Investments
4 direct securities · 2 pooled funds· $36.6M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Master Trust
$23.8M
1 holding
Uncategorized
$12.4M
4 holdings
Pooled Separate Account
$379K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| THE RENCO GROUP, INC. MASTER TRUST THE RENCO GROUP, INC. · EIN 13-3370264 / PN 050 | Master Trust | — | — | $23.8M | 97.3% | |
| Principal Bank Allspring Government | — | — | $4.2M | $4.2M | 17.0% | |
| Money Market Fund Account | — | — | $4.1M | $4.1M | 16.7% | |
| Principal Life Insurance Company Liquid Assets | — | — | $4.1M | $4.1M | 16.7% | |
| PRIN LIQUID ASSETS SEP ACCT-R6 PRINCIPAL LIFE INSURANCE COMPANY · EIN 42-0127290 / PN 024 | Pooled Separate Account | — | — | $379K | 1.5% | |
| Separate Account | — | — | $4.0M | $14K | <0.1% |