Civic Intelligence

Magic Touch Corp.

Plan context: Magic Touch Corp. Cash Balance Plan

EIN 23-2829492 • West Berlin, NJ • 18 filings • 2 plans

255 Old Egg Harbor RdWest Berlin, NJ 08091
Current Snapshot

Latest Year

2024

2024 Participants

7

2024 Assets

$2,011,643

2024 Contributions

$100,651

Historical Graphs

Total Assets Over Time

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

$2,011,643$1,005,822$0201620202024YearValue
$2,011,643Latest year 2024

Participants Over Time

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

950201620202024YearValue
7Latest year 2024

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
202427$2,011,643$100,651$14,379iApproximate average salary by contribution assumption: employee only about $359,468 at 4% or $239,645 at 6%; with 50% employer match about $239,645 at 4% or $159,763 at 6%; with 100% employer match about $179,734 at 4% or $119,823 at 6%.
Magic Touch Corp. Cash Balance Plan-6$1,269,799$25,000$4,167iApproximate average salary by contribution assumption: employee only about $104,167 at 4% or $69,444 at 6%; with 50% employer match about $69,444 at 4% or $46,296 at 6%; with 100% employer match about $52,083 at 4% or $34,722 at 6%.
MAGIC TOUCH CORP. 401K PLAN-7$741,844$75,651$10,807iApproximate average salary by contribution assumption: employee only about $270,182 at 4% or $180,121 at 6%; with 50% employer match about $180,121 at 4% or $120,081 at 6%; with 100% employer match about $135,091 at 4% or $90,061 at 6%.
202329$1,848,484$65,420$7,269iApproximate average salary by contribution assumption: employee only about $181,722 at 4% or $121,148 at 6%; with 50% employer match about $121,148 at 4% or $80,765 at 6%; with 100% employer match about $90,861 at 4% or $60,574 at 6%.
Magic Touch Corp. Cash Balance Plan-5$1,108,818$25,000$5,000iApproximate average salary by contribution assumption: employee only about $125,000 at 4% or $83,333 at 6%; with 50% employer match about $83,333 at 4% or $55,556 at 6%; with 100% employer match about $62,500 at 4% or $41,667 at 6%.
MAGIC TOUCH CORP. 401K PLAN-9$739,666$40,420$4,491iApproximate average salary by contribution assumption: employee only about $112,278 at 4% or $74,852 at 6%; with 50% employer match about $74,852 at 4% or $49,901 at 6%; with 100% employer match about $56,139 at 4% or $37,426 at 6%.
202227$1,514,387$155,692$22,242iApproximate average salary by contribution assumption: employee only about $556,043 at 4% or $370,695 at 6%; with 50% employer match about $370,695 at 4% or $247,130 at 6%; with 100% employer match about $278,021 at 4% or $185,348 at 6%.
Magic Touch Corp. Cash Balance Plan-5$888,115$100,000$20,000iApproximate average salary by contribution assumption: employee only about $500,000 at 4% or $333,333 at 6%; with 50% employer match about $333,333 at 4% or $222,222 at 6%; with 100% employer match about $250,000 at 4% or $166,667 at 6%.
MAGIC TOUCH CORP. 401K PLAN-7$626,272$55,692$7,956iApproximate average salary by contribution assumption: employee only about $198,900 at 4% or $132,600 at 6%; with 50% employer match about $132,600 at 4% or $88,400 at 6%; with 100% employer match about $99,450 at 4% or $66,300 at 6%.
202125$1,547,741$150,017$30,003iApproximate average salary by contribution assumption: employee only about $750,085 at 4% or $500,057 at 6%; with 50% employer match about $500,057 at 4% or $333,371 at 6%; with 100% employer match about $375,043 at 4% or $250,028 at 6%.
Magic Touch Corp. Cash Balance Plan-4$939,428$90,000$22,500iApproximate average salary by contribution assumption: employee only about $562,500 at 4% or $375,000 at 6%; with 50% employer match about $375,000 at 4% or $250,000 at 6%; with 100% employer match about $281,250 at 4% or $187,500 at 6%.
MAGIC TOUCH CORP. 401K PLAN-5$608,313$60,017$12,003iApproximate average salary by contribution assumption: employee only about $300,085 at 4% or $200,057 at 6%; with 50% employer match about $200,057 at 4% or $133,371 at 6%; with 100% employer match about $150,043 at 4% or $100,028 at 6%.
202024$1,121,988$151,694$37,924iApproximate average salary by contribution assumption: employee only about $948,088 at 4% or $632,058 at 6%; with 50% employer match about $632,058 at 4% or $421,372 at 6%; with 100% employer match about $474,044 at 4% or $316,029 at 6%.
Magic Touch Corp. Cash Balance Plan-3$676,024$74,723$24,908iApproximate average salary by contribution assumption: employee only about $622,692 at 4% or $415,128 at 6%; with 50% employer match about $415,128 at 4% or $276,752 at 6%; with 100% employer match about $311,346 at 4% or $207,564 at 6%.
MAGIC TOUCH CORP. 401K PLAN-4$445,964$76,971$19,243iApproximate average salary by contribution assumption: employee only about $481,069 at 4% or $320,713 at 6%; with 50% employer match about $320,713 at 4% or $213,808 at 6%; with 100% employer match about $240,534 at 4% or $160,356 at 6%.
201924$840,769$169,371$42,343iApproximate average salary by contribution assumption: employee only about $1,058,569 at 4% or $705,713 at 6%; with 50% employer match about $705,713 at 4% or $470,475 at 6%; with 100% employer match about $529,284 at 4% or $352,856 at 6%.
Magic Touch Corp. Cash Balance Plan-3$507,759$88,931$29,644iApproximate average salary by contribution assumption: employee only about $741,092 at 4% or $494,061 at 6%; with 50% employer match about $494,061 at 4% or $329,374 at 6%; with 100% employer match about $370,546 at 4% or $247,031 at 6%.
MAGIC TOUCH CORP. 401K PLAN-4$333,010$80,440$20,110iApproximate average salary by contribution assumption: employee only about $502,750 at 4% or $335,167 at 6%; with 50% employer match about $335,167 at 4% or $223,444 at 6%; with 100% employer match about $251,375 at 4% or $167,583 at 6%.
201824$529,532$178,426$44,607iApproximate average salary by contribution assumption: employee only about $1,115,163 at 4% or $743,442 at 6%; with 50% employer match about $743,442 at 4% or $495,628 at 6%; with 100% employer match about $557,581 at 4% or $371,721 at 6%.
Magic Touch Corp. Cash Balance Plan-3$332,274$97,396$32,465iApproximate average salary by contribution assumption: employee only about $811,633 at 4% or $541,089 at 6%; with 50% employer match about $541,089 at 4% or $360,726 at 6%; with 100% employer match about $405,817 at 4% or $270,544 at 6%.
MAGIC TOUCH CORP. 401K PLAN-4$197,258$81,030$20,258iApproximate average salary by contribution assumption: employee only about $506,438 at 4% or $337,625 at 6%; with 50% employer match about $337,625 at 4% or $225,083 at 6%; with 100% employer match about $253,219 at 4% or $168,813 at 6%.
201724$377,147$139,108$34,777iApproximate average salary by contribution assumption: employee only about $869,425 at 4% or $579,617 at 6%; with 50% employer match about $579,617 at 4% or $386,411 at 6%; with 100% employer match about $434,713 at 4% or $289,808 at 6%.
Magic Touch Corp. Cash Balance Plan-3$246,413$103,108$34,369iApproximate average salary by contribution assumption: employee only about $859,233 at 4% or $572,822 at 6%; with 50% employer match about $572,822 at 4% or $381,881 at 6%; with 100% employer match about $429,617 at 4% or $286,411 at 6%.
MAGIC TOUCH CORP. 401K PLAN-4$130,734$36,000$9,000iApproximate average salary by contribution assumption: employee only about $225,000 at 4% or $150,000 at 6%; with 50% employer match about $150,000 at 4% or $100,000 at 6%; with 100% employer match about $112,500 at 4% or $75,000 at 6%.
201623$207,032$206,901$68,967iApproximate average salary by contribution assumption: employee only about $1,724,175 at 4% or $1,149,450 at 6%; with 50% employer match about $1,149,450 at 4% or $766,300 at 6%; with 100% employer match about $862,088 at 4% or $574,725 at 6%.
Magic Touch Corp. Cash Balance Plan-3$125,892$125,892$41,964iApproximate average salary by contribution assumption: employee only about $1,049,100 at 4% or $699,400 at 6%; with 50% employer match about $699,400 at 4% or $466,267 at 6%; with 100% employer match about $524,550 at 4% or $349,700 at 6%.
MAGIC TOUCH CORP. 401K PLAN-3$81,140$81,009$27,003iApproximate average salary by contribution assumption: employee only about $675,075 at 4% or $450,050 at 6%; with 50% employer match about $450,050 at 4% or $300,033 at 6%; with 100% employer match about $337,538 at 4% or $225,025 at 6%.