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US Magnesium LLC

Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

US Magnesium LLC

79
Form 5500 Data
OverviewPlan ComponentsInvestmentsProvidersArticles & Questions

Overview

Plan Rating

BrightScope Rating
79
Lowest Rating in Peer Group
Average Rating in Peer Group
Highest Rating in Peer Group
0102030405060708090100
Lowest in Peer Group (40)
Average in Peer Group (72)
Highest in Peer Group (87)

Plan Description

US Magnesium LLC Salaried Pension and 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 79. This plan is in the top 15% of plans for Account Balances and Company Generosity. US Magnesium LLC Salaried Pension and 401k Plan currently has over 100 active participants and over $36.6M in plan assets.

Did you know?

For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (79) and the top rated plan (87) could equate to:
5
Additional years of work
44,240
Lost Savings
*The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer. How is this calculated?

Plan Details

Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.

 
Plan data accurate as of 12/31/2018
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 238 North 2200 West
  • Location
    Salt Lake City , UT
    • 84116
  • Industry
    Manufacturing
  • Net Plan Assets
    $36,600,000
  • Total Participants
    170
  • Avg Account Balance
    $220,000

Plan Components

Component Ratings

Design

Total Plan Cost:
Average Fees
Company Generosity:
Great

Performance

Participation Rate:
Above Average
Salary Deferrals:
Above Average
Account Balance:
Great

Design

Total Plan Cost:
Average Fees
Company Generosity:
Great

Performance

Participation Rate:
Above Average
Salary Deferrals:
Above Average
Account Balance:
Great

Peer Group Plans

Company Rating
Constellium Rolled Products Ravenswood, LLC 84.6
PMX Industries 74.4
ELG Haniel Metals 70.9
Indium Corporation of America 67.3
Aurubis Buffalo 63.8
Central Motor Wheel of America 63.2

Top Industry Articles

Compliance
Stimulus Bill Extends Some Provisions of the CARES Act

It also provides a way for retirement plan sponsors to avoid a partial plan termination.

December 28, 2020
Practice Management
Practice Management: Areas of Success

A look at what worked particularly well in 2020 and that could keep propelling growth in 2021.

December 28, 2020
Compliance
Missing Participant Guidance Released by DOL

The guidance includes best practices for locating missing participants in addition to best practices for documenting efforts to do so.

January 13, 2021
exclusives
Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
Though retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties.
June 11, 2020
Compliance
Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit

The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant's account and is failing to take responsibility.

January 15, 2021

Investments

Investment Menu Stats

# of Investment Options

26

(Plan Average: 20)

Largest Funds in this Plan Allocation of Assets 1 YR Rank in Category
Standard Insurance Stable Asset Fund 27%
N/A
T. Rowe Price Retirement 12%
N/A
BlackRock Total Return 11%
N/A
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
Fund hidden
100%
View all funds in this plan
for Asset Managers

Providers

Plan Service Providers

SERVICE PROVIDER
Insurance Carrier
The Standard
Recordkeeper
The Standard
Investment Adviser
Resources Investment Advisors, Inc.
Auditor
Crowe Horwath LLP

Articles and Questions

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Why Do Investment Expenses Matter?
Ryan Alfred

Popular Questions

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