How big is Magnify Electric's plan?

Magnify Electric's plan reported $53K in assets and 14 participants for 2024.

Original filing (PDF)20250718101207NAL0000708787001

Magnify Electric

Name: Magnify Electric — Magnify Electric 401(k) Plan, Form 5500 (2024)
Creator: Magnify Electric
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Magnify Electric 401(k) Plan

401(k) retirement plan · Magnify Electric's Magnify Electric 401(k) Plan held $53K in plan assets for 14 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$53K

Net assets (EOY)

$53K

People on this filing

Marcus Bowie signed Magnify Electric's 2024 Form 5500 as plan administrator.

Marcus Bowie — 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

Magnify Electric's EIN is 46-1382050.

EIN 46-1382050

Plan number 001

Plan year 2024

ACK ID 20250718101207NAL0000708787001

Official Form 5500 document

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

Download the official 2024 Form 5500 (PDF)

Plan features

Magnify Electric'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 MAGNIFY ELECTRIC.

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Plan health score

Top-tier plan health

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. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Helping the score