J.t. Magen & Company Inc. 401(k) Plan: Login, Facts & Contact Information

J.t. Magen & Company Inc. 401(k) Plan Facts

Plan name
J.T. MAGEN & COMPANY INC. 401K PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
J.T. MAGEN & COMPANY INC.
Participants
307 (268 active employees)
Former employees with a balance
46
Plan assets
$64,811,814 at Dec 31, 2024
Average account balance
$215,322 across 301 accounts
Employer contributions
$602,923 in plan year 2024 (14% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1998
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Dec 17, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.47 million went into the plan in contributions, $602,923 of it from the employer (14%).
  • $2.13 million was paid out to participants.
  • Investment and other income added $8.04 million.
  • Administrative expenses were $130,485, about $434 per account.

How the J.t. Magen & Company Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019286$36.9 million$582,623$1.06 million
2020309$43.7 million$622,704$2.75 million
2021310$52.9 million$572,261$989,265
2022310$44.6 million$606,617$2.65 million
2023317$54.6 million$576,425$3.04 million
2024307$64.8 million$602,923$2.13 million

J.t. Magen & Company Inc. 401(k) Contact Information

Phone
212-790-4200
Mailing address
44 W 28TH ST, NEW YORK NY 100014212
Plan sponsor
J.T. MAGEN & COMPANY INC.
Employer identification number (EIN)
11-3136124
Plan number
001

Questions about the J.t. Magen & Company Inc. 401(k)

Does J.t. Magen & Company Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $602,923, 14% of all contributions.

Does the J.t. Magen & Company Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the J.t. Magen & Company Inc 401(k) plan?

307 participants at the start of plan year 2024, 268 of them active employees, and 46 former employees who still had money in the plan.

What is the average 401(k) balance at J.t. Magen & Company Inc?

About $215,322 per account: $64.8 million in plan assets across 301 accounts with a balance at the end of plan year 2024.

Who manages the J.t. Magen & Company Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at J.t. Magen & Company Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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