Magnum, Ltd. 401(k) Plan: Login, Facts & Contact Information

Magnum, Ltd. 401(k) Plan Facts

Plan name
MAGNUM, LTD. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MAGNUM, LTD.
Participants
2,046 (1,715 active employees)
Former employees with a balance
338
Plan assets
$43,120,677 at Dec 31, 2024
Average account balance
$22,600 across 1,908 accounts
Employer contributions
$1,947,734 in plan year 2024 (25% of all contributions)
Recordkeeper
Merrill Lynch, Pierce, Fenner And S
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1992
✓ 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 Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.79 million went into the plan in contributions, $1.95 million of it from the employer (25%).
  • $5.17 million was paid out to participants.
  • Investment and other income added $4.66 million.
  • Administrative expenses were $139,033, about $73 per account.

How the Magnum, Ltd. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,034$13.8 million$893,079$959,736
2020979$19.4 million$1.18 million$1.50 million
20211,142$29.9 million$1.56 million$2.72 million
20221,689$27.4 million$1.90 million$3.46 million
20231,928$36.0 million$2.10 million$3.73 million
20242,046$43.1 million$1.95 million$5.17 million

Magnum, Ltd. 401(k) Contact Information

Phone
701-561-7044
Mailing address
3000 7TH AVENUE NORTH FARGO, NORTH DAKOTA ND 58102
Plan sponsor
MAGNUM, LTD.
Employer identification number (EIN)
45-0346628
Plan number
001

Questions about the Magnum, Ltd. 401(k)

Does Magnum, Ltd contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.95 million, 25% of all contributions.

Does the Magnum, Ltd 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Magnum, Ltd 401(k) plan?

2,046 participants at the start of plan year 2024, 1,715 of them active employees, and 338 former employees who still had money in the plan.

What is the average 401(k) balance at Magnum, Ltd?

About $22,600 per account: $43.1 million in plan assets across 1,908 accounts with a balance at the end of plan year 2024.

Who manages the Magnum, Ltd 401(k) accounts?

Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH, PIERCE, FENNER AND S) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Magnum, Ltd. How do I access my 401(k)?

Your account stays with Merrill Benefits OnLine 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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