Magna Hospitality Group, L.c. 401(k) Plan: Login, Facts & Contact Information

Magna Hospitality Group, L.c. 401(k) Plan Facts

Plan name
MY NEST EGG 401(K) PLAN
Plan type
401(k) with employer contributions
Plan sponsor
MAGNA HOSPITALITY GROUP, L.C.
Participants
2,616 (2,870 active employees)
Former employees with a balance
1,068
Plan assets
$23,728,200 at Dec 31, 2024
Average account balance
$6,688 across 3,548 accounts
Employer contributions
$729,110 in plan year 2024 (12% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2005
✓ 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 Jan 7, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.93 million went into the plan in contributions, $729,110 of it from the employer (12%).
  • $1.90 million was paid out to participants.
  • Investment and other income added $1.90 million.
  • Administrative expenses were $201,259, about $57 per account.

How the Magna Hospitality Group, L.c. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,964$12.0 million$290,245$1.77 million
20202,212$14.0 million$270,671$1.99 million
20211,816$15.6 million$318,432$2.19 million
20222,309$13.8 million$570,118$2.04 million
20232,131$20.0 million$755,552$1.32 million
20242,616$23.7 million$729,110$1.90 million

Magna Hospitality Group, L.c. 401(k) Contact Information

Phone
401-562-2206
Mailing address
THE SUMMIT, WARWICK EXECUTIVE PARK 300 CENTERVILLE RD, SUITE 300 EAST, WARWICK RI 02886
Plan sponsor
MAGNA HOSPITALITY GROUP, L.C.
Employer identification number (EIN)
65-0846862
Plan number
001

Questions about the Magna Hospitality Group, L.c. 401(k)

Does Magna Hospitality Group, L.c contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $729,110, 12% of all contributions.

Does the Magna Hospitality Group, L.c 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Magna Hospitality Group, L.c 401(k) plan?

2,616 participants at the start of plan year 2024, 2,870 of them active employees, and 1,068 former employees who still had money in the plan.

What is the average 401(k) balance at Magna Hospitality Group, L.c?

About $6,688 per account: $23.7 million in plan assets across 3,548 accounts with a balance at the end of plan year 2024.

Who manages the Magna Hospitality Group, L.c 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 Magna Hospitality Group, L.c. 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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