Original filing (PDF)20251015160355NAL0002598179001

MAGNET, LLC

Name: MAGNET, LLC — THE MAGNET GROUP 401(K) BENEFIT PLAN, Form 5500 (2024)
Creator: MAGNET, LLC

Form 5500

FILING_RECEIVED

THE MAGNET GROUP 401(K) BENEFIT PLAN

401(k) retirement plan

Active participants

319

Accounts w/ balance

294

Plan assets (EOY)

$17.9M

Net assets (EOY)

$17.9M

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 (directional)

100

/ 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

100

Total plan cost

100

Vendor stack

100

Participation health

100

Helping the score

Below-peer total fees (1 bps vs 29 bps peer median).

Decision-maker contacts

CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MAGNET, LLC.

Plan sponsor

Name

MAGNET, LLC

EIN

43-1794043

Address

7 CHAMBER DRIVE · WASHINGTON, MO · 63090

Phone

(636) 390-5149

Industry

Manufacturingsee all

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)

3H · Sponsor in controlled / affiliated group

Audit & trust (Schedule H)

Auditor

RUBIN BROWN, LLP

Trustee / custodian

—

Trustee phone

—

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)

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