How big is Magnet, LLC's plan?

Magnet, LLC's plan reported $17.9M in assets and 319 participants for 2024.

Original filing (PDF)20251015160355NAL0002598179001

Magnet, LLC

Name: Magnet, LLC — The Magnet Group 401(k) Benefit Plan, Form 5500 (2024)
Creator: Magnet, LLC
License: https://www.usa.gov/government-works

Form 5500

FILING_RECEIVED

The Magnet Group 401(k) Benefit Plan

401(k) retirement plan · Magnet, LLC's The Magnet Group 401(k) Benefit Plan held $17.9M in plan assets for 319 participants in 2024, with Merrill (Bank of America) as recordkeeper.

Signals · 1

Late participant contributions

Active participants

319

Accounts w/ balance

294

Plan assets (EOY)

$17.9M

Net assets (EOY)

$17.9M

People on this filing

Rachel Hutson signed Magnet, LLC's 2024 Form 5500 as plan administrator.

Rachel Hutson — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

Magnet, LLC's EIN is 43-1794043.

EIN 43-1794043

Plan number 001

Plan year 2024

ACK ID 20251015160355NAL0002598179001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for Magnet, LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

Magnet, LLC's plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, automatic enrollment, a default investment (QDIA).

Decision-maker contacts

One unlock reveals every key decision-maker — plan signer, CFO, HR & Benefits — with verified email + LinkedIn for MAGNET, LLC.

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How this plan invests

This plan

39 securities

funds · stocks · CUSIPs

Holdings are itemized directly on this plan's Schedule of Assets, below.

Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool.

Compliance & integrity

Total plan cost

Plan health

Vendor & structure

100

Knocking points off

Delinquent participant contributions reported (Schedule H 4a) — 455K (49% of contributions).
Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (21st percentile).

Plan sponsor

Name

MAGNET, LLC

EIN

all filings

Address

7 CHAMBER DRIVE · WASHINGTON, MO · 63090

Phone

(636) 390-5149

Industry

Manufacturing

Plan administrator

Name

MAGNET, LLC ATTN HUMAN RESOURCES DIRECTOR

EIN

43-1794043

City

WASHINGTON, MO

Phone

(636) 390-5149

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-10-15

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2S · Automatic enrollment

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Service providers (Schedule C)

1 rows

Recordkeeper

Name	EIN	Location	Relation	Direct comp	Indirect comp
MERRILL LYNCH, PIERCE, FENNER AND S	13-5674085	—	RECORDKEEPER	$2K	—

Investments

39 direct securities· $17.9M(100% of reported assets)

Other securities

$8.3M

13 holdings

Mutual Funds

$7.9M

21 holdings

Cash / Money Market

$877K

2 holdings

Common Collective Trusts

$847K

3 holdings

					% of plan
JP MORGAN LARGE CAP GRTH R3 MUTUAL FUNDS	Other securities	—	$2.4M	$3.9M	21.6%
MFS VALUE FUND CL A MUTUAL FUNDS	Mutual Funds	—	$1.8M	$2.5M	13.9%
PIMCO INCOME FUND CL A GM MUTUAL FUNDS	Mutual Funds	—	$1.2M	$1.1M	6.2%
PGIM TOTAL RETURN BOND FD A GM MUTUAL FUNDS	Other securities	—	$951K	$838K	4.7%
MFS VAL FD CL A GM MUTUAL FUNDS	Mutual Funds	—	$705K	$821K	4.6%
ISHARES S&P 500 INDEX FD INSTL MUTUAL FUNDS	Common Collective Trusts	—	$393K	$812K	4.5%
JP MORGAN LRG CAP GRTH R3 GM MUTUAL FUNDS	Other securities	—	$472K	$749K	4.2%
BLACKROCK LIQUIDITY FEDFUND MONEY MARKET	Cash / Money Market	—	$743K	$743K	4.1%
PGIM TOTAL RETURN BOND FUND A MUTUAL FUNDS	Other securities	—	$630K	$537K	3.0%
COLUMBIA OVERSEAS VALUE FD A MUTUAL FUNDS	Other securities	—	$489K	$526K	2.9%
MFS MID CAP VALUE FD CL A GM MUTUAL FUNDS	Mutual Funds	—	$353K	$447K	2.5%
T ROWE PRICE 2060 RETIREMENT MUTUAL FUNDS	Mutual Funds	—	$400K	$446K	2.5%
HARTFORD CORE EQUITY FD R4 MUTUAL FUNDS	Other securities	—	$254K	$432K	2.4%
PIMCO REAL RET BD CL A GM MUTUAL FUNDS	Mutual Funds	—	$414K	$378K	2.1%
COLUMBIA OVERSEAS VALUE A GM MUTUAL FUNDS	Other securities	—	$263K	$303K	1.7%
MFS RESEARCH INTL FD CL A-GM MUTUAL FUNDS	Mutual Funds	—	$245K	$300K	1.7%
INVESCO DISCOVRY MD CP GR A GM MUTUAL FUNDS	Mutual Funds	—	$237K	$296K	1.7%
T ROWE PRICE 2040 RETIREMENT MUTUAL FUNDS	Mutual Funds	—	$272K	$293K	1.6%
T ROWE PRICE 2030 RETIREMENT MUTUAL FUNDS	Mutual Funds	—	$274K	$275K	1.5%
HARTFORD CORE EQUITY R4 GM MUTUAL FUNDS	Other securities	—	$160K	$249K	1.4%
JP MORGAN UNDSCVRD MNGRS R5 MUTUAL FUNDS	Other securities	—	$225K	$232K	1.3%
T ROWE PRICE 2050 RETIREMENT MUTUAL FUNDS	Mutual Funds	—	$206K	$229K	1.3%
JP MORGAN UNDSRD MNGRS R5 GM MUTUAL FUNDS	Other securities	—	$190K	$197K	1.1%
JANUS HENDERSON TRITON FD A GM MUTUAL FUNDS	Mutual Funds	—	$211K	$190K	1.1%
GOLDMAN SACHS GQG PARTNRS GM MUTUAL FUNDS	Other securities	—	$169K	$189K	1.1%
MFS MID CAP VALUE FD CL A MUTUAL FUNDS	Mutual Funds	—	$143K	$188K	1.0%
INVESCO DISCOVERY MD CP GR A MUTUAL FUNDS	Mutual Funds	—	$142K	$179K	1.0%
ACCRUED INCOME ACCRUED INCOME 725 LOAN FUND LOANS	Other securities	—	$161K	$161K	0.9%
BLACKROCK LIQUIDITY FUND GM MONEY MARKET	Cash / Money Market	—	$134K	$134K	0.7%
PUTNAM LARGE CAP VALUE FUND A MUTUAL FUNDS	Mutual Funds	—	$96K	$108K	0.6%
PIMCO INCOME FUND CL A MUTUAL FUNDS	Mutual Funds	—	$69K	$62K	0.3%
GOLDMAN SACHS GQG PARTNRS INST MUTUAL FUNDS	Other securities	—	$39K	$44K	0.2%
MFS RESEARCH INTL FD CL A MUTUAL FUNDS	Mutual Funds	—	$15K	$21K	0.1%
ISHARES RUSSELL MID-CAP IDX K MUTUAL FUNDS	Common Collective Trusts	—	$18K	$20K	0.1%
ISHARES MSCI EAFE INTRNL IDX K MUTUAL FUNDS 436 ISHARES RUSSELL 2000 SML-CP K MUTUAL FUNDS	Common Collective Trusts	—	$13K	$15K	<0.1%
T ROWE PRICE 2020 RETIREMENT MUTUAL FUNDS	Mutual Funds	—	$10K	$10K	<0.1%
JANUS HENDERSON TRITON FUND A MUTUAL FUNDS	Mutual Funds	—	$9K	$9K	<0.1%
PIMCO REAL RETURN BD FD CL A MUTUAL FUNDS	Mutual Funds	—	$4K	$3K	<0.1%
TEMPLETON EMERGING MRKTS CL A MUTUAL FUNDS	Mutual Funds	—	$2K	$2K	<0.1%