Us Magnesium Llc 401(k) Plan: Login, Facts & Contact Information

Us Magnesium Llc 401(k) Plan Facts

Plan name
US MAGNESIUM LLC SALARIED PENSION AND 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
US MAGNESIUM LLC
Participants
181 (29 active employees)
Former employees with a balance
113
Plan assets
$34,478,430 at Dec 31, 2024
Average account balance
$226,832 across 152 accounts
Employer contributions
$1,037,295 in plan year 2024 (55% of all contributions)
Recordkeeper
Stancorp Financial Group
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 1, 1989
✓ 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 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.89 million went into the plan in contributions, $1.04 million of it from the employer (55%).
  • $12.0 million was paid out to participants.
  • Investment and other income added $4.69 million.
  • Administrative expenses were $89,101, about $586 per account.

How the Us Magnesium Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019170$39.6 million$1.36 million$6.05 million
2020181$43.8 million$1.47 million$2.86 million
2021194$46.4 million$1.27 million$5.29 million
2022197$37.2 million$1.38 million$6.14 million
2023200$39.9 million$1.34 million$4.56 million
2024181$34.5 million$1.04 million$12.0 million

Us Magnesium Llc 401(k) Contact Information

Phone
801-532-2043
Mailing address
238 NORTH 2200 WEST, SALT LAKE CITY UT 84116
Plan sponsor
US MAGNESIUM LLC
Employer identification number (EIN)
01-0705446
Plan number
002

Questions about the Us Magnesium Llc 401(k)

Does Us Magnesium Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.04 million, 55% of all contributions.

Does the Us Magnesium Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Us Magnesium Llc 401(k) plan?

181 participants at the start of plan year 2024, 29 of them active employees, and 113 former employees who still had money in the plan.

What is the average 401(k) balance at Us Magnesium Llc?

About $226,832 per account: $34.5 million in plan assets across 152 accounts with a balance at the end of plan year 2024.

Who manages the Us Magnesium Llc 401(k) accounts?

The Standard (listed on the filing as STANCORP FINANCIAL GROUP) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Us Magnesium Llc. How do I access my 401(k)?

Your account stays with The Standard 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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