Employers › Magnera
Recordkeeping fees per participant · Magnera Corporation 401(k) Savings Plan · plan year 2024
$91.63
Higher than 68% of the 5,847 plans $50 to 250M that report it.
= $106,108 / 1,158
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250905094548NAL0010515907001, received 2025-09-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250905094548NAL0010515907001, received 2025-09-05
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-05.
Administrative expenses excluding investment management, per participant
$114.34
Higher than 61% of the 8,758 plans $50 to 250M that report it.
= $132,408 / 1,158
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250905094548NAL0010515907001, received 2025-09-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250905094548NAL0010515907001, received 2025-09-05
Administrative expenses per participant
$114.34
Higher than 42% of the 9,042 plans $50 to 250M that report it.
= $132,408 / 1,158
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250905094548NAL0010515907001, received 2025-09-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250905094548NAL0010515907001, received 2025-09-05
Administrative expenses as a share of assets
0.093%
Higher than 35% of the 9,049 plans $50 to 250M that report it.
= $132,408 / $142,662,852
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250905094548NAL0010515907001, received 2025-09-05
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250905094548NAL0010515907001, received 2025-09-05
Employer contributions per participant
$2
Higher than 0% of the 9,105 plans $50 to 250M that report it.
= $2,429 / 1,158
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250905094548NAL0010515907001, received 2025-09-05
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250905094548NAL0010515907001, received 2025-09-05
Employer share of total contributions
0.0%
Higher than 0% of the 9,112 plans $50 to 250M that report it.
= $2,429 / $5,169,060
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250905094548NAL0010515907001, received 2025-09-05
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250905094548NAL0010515907001, received 2025-09-05
Eligibility
“Participation – An employee is eligible to become a participant in the Plan on the first day of the calendar month coinciding with or next following the date eligibility requirements are met.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“For Corporate Group employees, Company matching contributions are subject to a graded vesting schedule through which a participant becomes fully vested after attaining five years of service as follows:”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.”
Form 11-K filed 2026-06-29, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250905094548NAL0010515907001, received 2025-09-05
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MAGNERA CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Plan name | MAGNERA CORPORATION 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Sponsor EIN / plan number | 23-0628360 / 017 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Sponsor location | CHARLOTTE, NC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Industry (business code) | 322100, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Filing received | 2025-09-05 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Participants, beginning of year | 1,269 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Active participants | 633 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Participants, end of year | 1,164 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Participants with an account balance | 1,158 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Total assets, beginning of year | $137,421,049 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Total assets, end of year | $142,662,852 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Net assets, end of year | $142,662,852 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Total income | $26,662,027 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Net income | $5,241,803 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Employer contributions | $2,429 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Participant contributions | $4,155,439 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Other contributions (incl. rollovers) | $1,011,192 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Total contributions | $5,169,060 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Benefit payments | $21,287,816 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Total expenses (incl. benefit payments) | $21,420,224 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Total administrative expenses | $132,408 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Contract administrator fees | $300 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Recordkeeping fees | $106,108 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| IQPA audit fees | $26,000 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Administrative expenses excluding investment management | $132,408 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Held in common/collective trusts | $56,061,735 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Held in mutual funds | $75,813,247 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250905094548NAL0010515907001, received 2025-09-05 |
| Independent auditor | INSERO & CO. CPAS, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250905094548NAL0010515907001, received 2025-09-05 |
Position = column in the DOL layout for form year 2024. Filing 20250905094548NAL0010515907001, received 2025-09-05.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | NONE | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 50 Direct payment from the plan | $106,408 | yes |
| INSERO & CO. CPAS, LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $26,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250905094548NAL0010515907001, received 2025-09-05.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $137,421,049 | $142,662,852 | 3.8% |
| Participants with a balance | 1,243 | 1,158 | -6.8% |
| Administrative expenses | $120,928 | $132,408 | 9.5% |
| Recordkeeping fees per participant | $79.19 | $91.63 | 15.7% |
| Employer contributions | $80,403 | $2,429 | -97.0% |
Prior filing 20240626105527NAL0012432160001, received 2024-06-26; the plan years are contiguous.
Sponsor name as filed: MAGNERA CORPORATION; SEC registrant: Magnera Corp (CIK 41719, matched by EIN).