How big is Mgclips, LLC's plan?

Mgclips, LLC's plan reported $146K in assets and 94 participants for 2023.

Original filing (PDF)20240604093539NAL0019247073001

Mgclips, LLC

Name: Mgclips, LLC — Mgclips, LLC 401(k) P/S Plan, Form 5500 (2023)
Creator: Mgclips, LLC
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

Mgclips, LLC 401(k) P/S Plan

401(k) retirement plan · Mgclips, LLC's Mgclips, LLC 401(k) P/S Plan held $146K in plan assets for 94 participants in 2023.

Active participants

Accounts w/ balance

Plan assets (EOY)

$146K

Net assets (EOY)

$146K

People on this filing

Jaime Stephens signed Mgclips, LLC's 2023 Form 5500 as plan administrator.

Jaime Stephens — 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

Mgclips, LLC's EIN is 85-3736267.

EIN 85-3736267

Plan number 001

Plan year 2023

ACK ID 20240604093539NAL0019247073001

Official Form 5500 document

Download the official 2023 Form 5500 (PDF) for Mgclips, LLC from the U.S. Department of Labor's EFAST2 system.

Download the official 2023 Form 5500 (PDF)

Plan features

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

Decision-maker contacts

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

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

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (8th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

MGCLIPS, LLC

EIN

all filings

Address

703 PIER AVENUE · SUITE 707 · HERMOSA BEACH, CA · 90254

Phone

(760) 420-5645

Industry

Other Services (ex. Public Admin)

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2023

Plan year begin

2023-01-01

Tax period

2023-12-31

Filed

2024-06-04

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

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

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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