Magna Associates, Inc. 401(k) Plan: Login, Facts & Contact Information

Magna Associates, Inc. 401(k) Plan Facts

Plan name
MAGNA ASSOCIATES, INC. 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
MAGNA ASSOCIATES, INC.
Participants
134 (72 active employees)
Former employees with a balance
36
Plan assets
$4,909,458 at Dec 31, 2024
Average account balance
$50,613 across 97 accounts
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2004
— 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 Aug 27, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $596,329 went into the plan in contributions.
  • $405,528 was paid out to participants.
  • Investment and other income added $471,981.
  • Administrative expenses were $11,485, about $118 per account.

How the Magna Associates, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019134$2.48 million—$73,713
2020175$2.97 million—$340,452
2021179$3.58 million—$383,816
2022194$3.39 million—$416,201
2023176$4.26 million—$329,942
2024134$4.91 million—$405,528

Magna Associates, Inc. 401(k) Contact Information

Phone
561-961-1312
Mailing address
1 TOWN CENTER ROAD SUITE 600, BOCA RATON FL 33486
Plan sponsor
MAGNA ASSOCIATES, INC.
Employer identification number (EIN)
65-1048319
Plan number
001

Questions about the Magna Associates, Inc. 401(k)

Does Magna Associates, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500.

Does the Magna Associates, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Magna Associates, Inc 401(k) plan?

134 participants at the start of plan year 2024, 72 of them active employees, and 36 former employees who still had money in the plan.

What is the average 401(k) balance at Magna Associates, Inc?

About $50,613 per account: $4.91 million in plan assets across 97 accounts with a balance at the end of plan year 2024.

Who manages the Magna Associates, Inc 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Magna Associates, Inc. How do I access my 401(k)?

Your account stays with ADP Retirement Services 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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