Magnum Venus Products, Inc. 401(k) Plan: Login, Facts & Contact Information

Magnum Venus Products, Inc. 401(k) Plan Facts

Plan name
MVP, INC. 401(K) SAVINGS PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MAGNUM VENUS PRODUCTS, INC.
Participants
257 (135 active employees)
Former employees with a balance
83
Plan assets
$13,346,096 at Dec 31, 2024
Average account balance
$62,953 across 212 accounts
Employer contributions
$407,661 in plan year 2024 (27% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1988
✓ 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

  • $1.53 million went into the plan in contributions, $407,661 of it from the employer (27%).
  • $3.51 million was paid out to participants.
  • Investment and other income added $1.05 million.
  • Administrative expenses were $47,931, about $226 per account.

How the Magnum Venus Products, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019232$14.3 million$325,273$924,763
2020254$16.2 million$247,829$1.53 million
2021256$14.4 million$298,453$5.15 million
2022243$12.6 million$360,838$1.33 million
2023266$14.3 million$398,316$1.97 million
2024257$13.3 million$407,661$3.51 million

Magnum Venus Products, Inc. 401(k) Contact Information

Phone
865-686-5670
Mailing address
2030 FALLING WATERS RD, SUITE 350, KNOXVILLE TN 37922
Plan sponsor
MAGNUM VENUS PRODUCTS, INC.
Employer identification number (EIN)
36-2650388
Plan number
001

Questions about the Magnum Venus Products, Inc. 401(k)

Does Magnum Venus Products, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $407,661, 27% of all contributions.

Does the Magnum Venus Products, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Magnum Venus Products, Inc 401(k) plan?

257 participants at the start of plan year 2024, 135 of them active employees, and 83 former employees who still had money in the plan.

What is the average 401(k) balance at Magnum Venus Products, Inc?

About $62,953 per account: $13.3 million in plan assets across 212 accounts with a balance at the end of plan year 2024.

Who manages the Magnum Venus Products, 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 Magnum Venus Products, 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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