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Original filing (PDF)20251013161309NAL0000818419001
MAGIC LEAP, INC.
Form 5500
FILING_RECEIVED
MAGIC LEAP INC. 401(K) PLAN
401(k) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
903
Accounts w/ balance
1,358
Plan assets (EOY)
$183.9M
Net assets (EOY)
$183.9M
How this plan invests
This plan
1 pooled trust
Schedule D
32 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 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
65
Vendor stack
80
Participation health
100
Knocking points off
- 16 bps in Schedule C fees — 63% above peer band of 10 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MAGIC LEAP, INC..
Plan sponsor
Name
MAGIC LEAP, INC.
EIN
45-3243237
Address
7500 WEST SUNRISE BLVD · PLANTATION, FL · 33313
Phone
(916) 582-9243
Industry
All Other Professional Services· Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-13
Pension benefit codes
2E · Profit-sharing
2J · 401(k) feature
2K · 401(m) arrangement
2F · ERISA section 404(c)
2G · Total participant-directed accounts
3D · Pre-approved plan (master / prototype / VS)
2T · Default investment account (QDIA)
Audit & trust (Schedule H)
Auditor
COHNREZNICK
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
2 rowsOther
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | 71-0294708 | — | SERVICE PROVIDER | $300K | — |
| NFP RETIREMENT INC | 33-0905143 | — | SERVICE PROVIDER | $0 | — |
Investments
32 direct securities · 1 pooled fund· $359.6M(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Their holdings are itemized on each fund’s own Form 5500.
Uncategorized
$183.9M
32 holdings
Pooled Separate Account
$175.7M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| VARIABLE ANNUITY ACCOUNT D VOYA RETIREMENT INSURANCE & ANNUITY · EIN 71-0294708 / PN 000 | Pooled Separate Account | — | — | $175.7M | 95.5% | |
| iShares S&P 500 Index Fund K | — | — | — | $38.3M | 20.8% | |
| AB Large Cap Grw Fnd Z | — | — | — | $17.3M | 9.4% | |
| American Funds 2050 Target Date R6 | — | — | — | $13.5M | 7.3% | |
| American Funds 2055 Target Date R6 | — | — | — | $12.2M | 6.6% | |
| American Funds 2035 Target Date R6 | — | — | — | $12.1M | 6.6% | |
| American Funds 2040 Target Date R6 | — | — | — | $11.3M | 6.2% | |
| American Funds 2045 Target Date R6 | — | — | — | $11.2M | 6.1% | |
| American Funds 2030 Target Date R6 | — | — | — | $7.8M | 4.2% | |
| Voya Fixed Account (4062) | — | — | — | $7.2M | 3.9% | |
| Vanguard Total Intl Stk Index Fd Adm | — | — | — | $6.3M | 3.5% | |
| Vanguard Total Bnd Mrkt Ind F Adm | — | — | — | $5.4M | 2.9% | |
| American Funds 2025 Target Date R6 | — | — | — | $4.9M | 2.7% | |
| Putnam Lrg Cp Val Fd - Cl R6 | — | — | — | $4.9M | 2.7% | |
| American Funds 2060 Target Date R6 | — | — | — | $4.1M | 2.2% | |
| iShares Russell Mid-Cap Idx Fund K | — | — | — | $4.0M | 2.2% | |
| iShares Russell 2000 Small-Cap Idx K | — | — | — | $3.4M | 1.9% | |
| BlackRock Mid-Cap Grw Eq Por K | — | — | — | $3.1M | 1.7% | |
| Fidelity Intl Cap Appr K6 Fund | — | — | — | $2.8M | 1.5% | |
| Victory Sycmr Established Value F | — | — | — | $2.2M | 1.2% | |
| American Funds 2020 Target Date R6 | — | — | — | $2.2M | 1.2% | |
| AB Small Cap Grw Port Z | — | — | — | $1.9M | 1.1% | |
| DFA Inflat-Prot Securities Port Inst | — | — | — | $1.4M | 0.8% | |
| PIMCO RAE US Small Ins | — | — | — | $1.4M | 0.8% | |
| American Funds 2065 Target Date R6 | — | — | — | $1.1M | 0.6% | |
| Participant loans | — | — | — | $1.1M | 0.6% | |
| American Funds 2010 Target Date R6 | — | — | — | $642K | 0.3% | |
| Cohen & Steers Real Estate Secs Fd Z | — | — | — | $630K | 0.3% | |
| Baird Aggregate Bond Fund Inst | — | — | — | $500K | 0.3% | |
| PGIM Global Total Return Fnd R6 | — | — | — | $489K | 0.3% | |
| Columbia Strategic Inc Fnd I3 | — | — | — | $297K | 0.2% | |
| American Funds 2015 Target Date R6 | — | — | — | $21K | <0.1% | |
| Voya Gov Money Mkt Fnd A (Hold Acct) | — | — | — | $2K | <0.1% |
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