Civic Intelligence

Mgag Associates Inc.

Plan context: Mgag Associates Inc., Profit Sharing Plan

EIN 22-2486998 • Morganville, NJ • 24 filings • 3 plans

16 Leonard DriveMorganville, NJ 07751
Current Snapshot

Latest Year

2022

2022 Participants

3

2022 Assets

$2,876,665

2022 Contributions

$66,826

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$3,404,739$1,702,370$0199920112022YearValue
$2,876,665Latest year 2022

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

420199920112022YearValue
3Latest year 2022

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202213$2,876,665$66,826$22,275iApproximate average salary by contribution assumption: employee only about $556,883 at 4% or $371,256 at 6%; with 50% employer match about $371,256 at 4% or $247,504 at 6%; with 100% employer match about $278,442 at 4% or $185,628 at 6%.
Mgag Associates Inc., Profit Sharing Plan-3$2,876,665$66,826$22,275iApproximate average salary by contribution assumption: employee only about $556,883 at 4% or $371,256 at 6%; with 50% employer match about $371,256 at 4% or $247,504 at 6%; with 100% employer match about $278,442 at 4% or $185,628 at 6%.
202114$3,404,739$66,826$16,707iApproximate average salary by contribution assumption: employee only about $417,663 at 4% or $278,442 at 6%; with 50% employer match about $278,442 at 4% or $185,628 at 6%; with 100% employer match about $208,831 at 4% or $139,221 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$3,404,739$66,826$16,707iApproximate average salary by contribution assumption: employee only about $417,663 at 4% or $278,442 at 6%; with 50% employer match about $278,442 at 4% or $185,628 at 6%; with 100% employer match about $208,831 at 4% or $139,221 at 6%.
202014$3,012,668$78,399$19,600iApproximate average salary by contribution assumption: employee only about $489,994 at 4% or $326,663 at 6%; with 50% employer match about $326,663 at 4% or $217,775 at 6%; with 100% employer match about $244,997 at 4% or $163,331 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$3,012,668$78,399$19,600iApproximate average salary by contribution assumption: employee only about $489,994 at 4% or $326,663 at 6%; with 50% employer match about $326,663 at 4% or $217,775 at 6%; with 100% employer match about $244,997 at 4% or $163,331 at 6%.
201914$2,584,881$48,400$12,100iApproximate average salary by contribution assumption: employee only about $302,500 at 4% or $201,667 at 6%; with 50% employer match about $201,667 at 4% or $134,444 at 6%; with 100% employer match about $151,250 at 4% or $100,833 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$2,584,881$48,400$12,100iApproximate average salary by contribution assumption: employee only about $302,500 at 4% or $201,667 at 6%; with 50% employer match about $201,667 at 4% or $134,444 at 6%; with 100% employer match about $151,250 at 4% or $100,833 at 6%.
201814$2,108,531$64,269$16,067iApproximate average salary by contribution assumption: employee only about $401,681 at 4% or $267,788 at 6%; with 50% employer match about $267,788 at 4% or $178,525 at 6%; with 100% employer match about $200,841 at 4% or $133,894 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$2,108,531$64,269$16,067iApproximate average salary by contribution assumption: employee only about $401,681 at 4% or $267,788 at 6%; with 50% employer match about $267,788 at 4% or $178,525 at 6%; with 100% employer match about $200,841 at 4% or $133,894 at 6%.
201714$2,175,625$63,512$15,878iApproximate average salary by contribution assumption: employee only about $396,950 at 4% or $264,633 at 6%; with 50% employer match about $264,633 at 4% or $176,422 at 6%; with 100% employer match about $198,475 at 4% or $132,317 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$2,175,625$63,512$15,878iApproximate average salary by contribution assumption: employee only about $396,950 at 4% or $264,633 at 6%; with 50% employer match about $264,633 at 4% or $176,422 at 6%; with 100% employer match about $198,475 at 4% or $132,317 at 6%.
201614$1,826,007$61,832$15,458iApproximate average salary by contribution assumption: employee only about $386,450 at 4% or $257,633 at 6%; with 50% employer match about $257,633 at 4% or $171,756 at 6%; with 100% employer match about $193,225 at 4% or $128,817 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$1,826,007$61,832$15,458iApproximate average salary by contribution assumption: employee only about $386,450 at 4% or $257,633 at 6%; with 50% employer match about $257,633 at 4% or $171,756 at 6%; with 100% employer match about $193,225 at 4% or $128,817 at 6%.
201514$1,694,632$58,466$14,617iApproximate average salary by contribution assumption: employee only about $365,413 at 4% or $243,608 at 6%; with 50% employer match about $243,608 at 4% or $162,406 at 6%; with 100% employer match about $182,706 at 4% or $121,804 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$1,694,632$58,466$14,617iApproximate average salary by contribution assumption: employee only about $365,413 at 4% or $243,608 at 6%; with 50% employer match about $243,608 at 4% or $162,406 at 6%; with 100% employer match about $182,706 at 4% or $121,804 at 6%.
201414$1,644,532$140,140$35,035iApproximate average salary by contribution assumption: employee only about $875,875 at 4% or $583,917 at 6%; with 50% employer match about $583,917 at 4% or $389,278 at 6%; with 100% employer match about $437,938 at 4% or $291,958 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$1,644,532$140,140$35,035iApproximate average salary by contribution assumption: employee only about $875,875 at 4% or $583,917 at 6%; with 50% employer match about $583,917 at 4% or $389,278 at 6%; with 100% employer match about $437,938 at 4% or $291,958 at 6%.
201314$1,504,392$71,808$17,952iApproximate average salary by contribution assumption: employee only about $448,800 at 4% or $299,200 at 6%; with 50% employer match about $299,200 at 4% or $199,467 at 6%; with 100% employer match about $224,400 at 4% or $149,600 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$1,504,392$71,808$17,952iApproximate average salary by contribution assumption: employee only about $448,800 at 4% or $299,200 at 6%; with 50% employer match about $299,200 at 4% or $199,467 at 6%; with 100% employer match about $224,400 at 4% or $149,600 at 6%.
201214$1,228,395$68,833$17,208iApproximate average salary by contribution assumption: employee only about $430,206 at 4% or $286,804 at 6%; with 50% employer match about $286,804 at 4% or $191,203 at 6%; with 100% employer match about $215,103 at 4% or $143,402 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$1,228,395$68,833$17,208iApproximate average salary by contribution assumption: employee only about $430,206 at 4% or $286,804 at 6%; with 50% employer match about $286,804 at 4% or $191,203 at 6%; with 100% employer match about $215,103 at 4% or $143,402 at 6%.
201114$1,031,241$61,358$15,340iApproximate average salary by contribution assumption: employee only about $383,488 at 4% or $255,658 at 6%; with 50% employer match about $255,658 at 4% or $170,439 at 6%; with 100% employer match about $191,744 at 4% or $127,829 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$1,031,241$61,358$15,340iApproximate average salary by contribution assumption: employee only about $383,488 at 4% or $255,658 at 6%; with 50% employer match about $255,658 at 4% or $170,439 at 6%; with 100% employer match about $191,744 at 4% or $127,829 at 6%.
201013$969,047$65,714$21,905iApproximate average salary by contribution assumption: employee only about $547,617 at 4% or $365,078 at 6%; with 50% employer match about $365,078 at 4% or $243,385 at 6%; with 100% employer match about $273,808 at 4% or $182,539 at 6%.
Mgag Associates Inc., Profit Sharing Plan-3$969,047$65,714$21,905iApproximate average salary by contribution assumption: employee only about $547,617 at 4% or $365,078 at 6%; with 50% employer match about $365,078 at 4% or $243,385 at 6%; with 100% employer match about $273,808 at 4% or $182,539 at 6%.
200914$819,057$65,375$16,344iApproximate average salary by contribution assumption: employee only about $408,594 at 4% or $272,396 at 6%; with 50% employer match about $272,396 at 4% or $181,597 at 6%; with 100% employer match about $204,297 at 4% or $136,198 at 6%.
Mgag Associates Inc., Profit Sharing Plan-4$819,057$65,375$16,344iApproximate average salary by contribution assumption: employee only about $408,594 at 4% or $272,396 at 6%; with 50% employer match about $272,396 at 4% or $181,597 at 6%; with 100% employer match about $204,297 at 4% or $136,198 at 6%.
200812$609,058$67,500$33,750iApproximate average salary by contribution assumption: employee only about $843,750 at 4% or $562,500 at 6%; with 50% employer match about $562,500 at 4% or $375,000 at 6%; with 100% employer match about $421,875 at 4% or $281,250 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$609,058$67,500$33,750iApproximate average salary by contribution assumption: employee only about $843,750 at 4% or $562,500 at 6%; with 50% employer match about $562,500 at 4% or $375,000 at 6%; with 100% employer match about $421,875 at 4% or $281,250 at 6%.
200712$753,069$61,375$30,688iApproximate average salary by contribution assumption: employee only about $767,188 at 4% or $511,458 at 6%; with 50% employer match about $511,458 at 4% or $340,972 at 6%; with 100% employer match about $383,594 at 4% or $255,729 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$753,069$61,375$30,688iApproximate average salary by contribution assumption: employee only about $767,188 at 4% or $511,458 at 6%; with 50% employer match about $511,458 at 4% or $340,972 at 6%; with 100% employer match about $383,594 at 4% or $255,729 at 6%.
200612$681,456$60,030$30,015iApproximate average salary by contribution assumption: employee only about $750,375 at 4% or $500,250 at 6%; with 50% employer match about $500,250 at 4% or $333,500 at 6%; with 100% employer match about $375,188 at 4% or $250,125 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$681,456$60,030$30,015iApproximate average salary by contribution assumption: employee only about $750,375 at 4% or $500,250 at 6%; with 50% employer match about $500,250 at 4% or $333,500 at 6%; with 100% employer match about $375,188 at 4% or $250,125 at 6%.
200512$572,124$45,875$22,938iApproximate average salary by contribution assumption: employee only about $573,438 at 4% or $382,292 at 6%; with 50% employer match about $382,292 at 4% or $254,861 at 6%; with 100% employer match about $286,719 at 4% or $191,146 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$572,124$45,875$22,938iApproximate average salary by contribution assumption: employee only about $573,438 at 4% or $382,292 at 6%; with 50% employer match about $382,292 at 4% or $254,861 at 6%; with 100% employer match about $286,719 at 4% or $191,146 at 6%.
200412$546,155$51,500$25,750iApproximate average salary by contribution assumption: employee only about $643,750 at 4% or $429,167 at 6%; with 50% employer match about $429,167 at 4% or $286,111 at 6%; with 100% employer match about $321,875 at 4% or $214,583 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$546,155$51,500$25,750iApproximate average salary by contribution assumption: employee only about $643,750 at 4% or $429,167 at 6%; with 50% employer match about $429,167 at 4% or $286,111 at 6%; with 100% employer match about $321,875 at 4% or $214,583 at 6%.
200312$470,564$55,000$27,500iApproximate average salary by contribution assumption: employee only about $687,500 at 4% or $458,333 at 6%; with 50% employer match about $458,333 at 4% or $305,556 at 6%; with 100% employer match about $343,750 at 4% or $229,167 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$470,564$55,000$27,500iApproximate average salary by contribution assumption: employee only about $687,500 at 4% or $458,333 at 6%; with 50% employer match about $458,333 at 4% or $305,556 at 6%; with 100% employer match about $343,750 at 4% or $229,167 at 6%.
200212$369,177$54,000$27,000iApproximate average salary by contribution assumption: employee only about $675,000 at 4% or $450,000 at 6%; with 50% employer match about $450,000 at 4% or $300,000 at 6%; with 100% employer match about $337,500 at 4% or $225,000 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$369,177$54,000$27,000iApproximate average salary by contribution assumption: employee only about $675,000 at 4% or $450,000 at 6%; with 50% employer match about $450,000 at 4% or $300,000 at 6%; with 100% employer match about $337,500 at 4% or $225,000 at 6%.
200113$336,803$42,311$14,104iApproximate average salary by contribution assumption: employee only about $352,592 at 4% or $235,061 at 6%; with 50% employer match about $235,061 at 4% or $156,707 at 6%; with 100% employer match about $176,296 at 4% or $117,531 at 6%.
Mgag Associates Inc., Profit Sharing Plan-3$336,803$42,311$14,104iApproximate average salary by contribution assumption: employee only about $352,592 at 4% or $235,061 at 6%; with 50% employer match about $235,061 at 4% or $156,707 at 6%; with 100% employer match about $176,296 at 4% or $117,531 at 6%.
200012$330,190$26,400$13,200iApproximate average salary by contribution assumption: employee only about $330,000 at 4% or $220,000 at 6%; with 50% employer match about $220,000 at 4% or $146,667 at 6%; with 100% employer match about $165,000 at 4% or $110,000 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$330,190$26,400$13,200iApproximate average salary by contribution assumption: employee only about $330,000 at 4% or $220,000 at 6%; with 50% employer match about $220,000 at 4% or $146,667 at 6%; with 100% employer match about $165,000 at 4% or $110,000 at 6%.
199912$287,690$21,000$10,500iApproximate average salary by contribution assumption: employee only about $262,500 at 4% or $175,000 at 6%; with 50% employer match about $175,000 at 4% or $116,667 at 6%; with 100% employer match about $131,250 at 4% or $87,500 at 6%.
Mgag Associates Inc., Profit Sharing Plan-2$287,690$21,000$10,500iApproximate average salary by contribution assumption: employee only about $262,500 at 4% or $175,000 at 6%; with 50% employer match about $175,000 at 4% or $116,667 at 6%; with 100% employer match about $131,250 at 4% or $87,500 at 6%.