Civic Intelligence

Magnifica Inc.

Plan context: Magnifica Inc. 401(K) Plan & Trust

EIN 45-3417324 • Cranbury, NJ • 10 filings • 2 plans

5 Cedar Brook DriveCranbury, NJ 08512
Current Snapshot

Latest Year

2017

2017 Participants

18

2017 Assets

$437,051

2017 Contributions

$143,799

Historical Graphs

Total Assets Over Time

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

$631,630$315,815$0201220142016YearValue
$437,051Latest year 2016

Participants Over Time

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

1890201220142016YearValue
18Latest year 2016

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
201710$0$0-
Magnifica Inc. 401(K) Plan & Trust-0$0$0-
2016118$437,051$143,799$7,989iApproximate average salary by contribution assumption: employee only about $199,721 at 4% or $133,147 at 6%; with 50% employer match about $133,147 at 4% or $88,765 at 6%; with 100% employer match about $99,860 at 4% or $66,574 at 6%.
Magnifica Inc. 401(K) Plan & Trust-18$437,051$143,799$7,989iApproximate average salary by contribution assumption: employee only about $199,721 at 4% or $133,147 at 6%; with 50% employer match about $133,147 at 4% or $88,765 at 6%; with 100% employer match about $99,860 at 4% or $66,574 at 6%.
2015210$285,808$138,358$13,836iApproximate average salary by contribution assumption: employee only about $345,895 at 4% or $230,597 at 6%; with 50% employer match about $230,597 at 4% or $153,731 at 6%; with 100% employer match about $172,948 at 4% or $115,298 at 6%.
Magnifica Inc. 401(K) Plan & Trust-10$285,808$138,358$13,836iApproximate average salary by contribution assumption: employee only about $345,895 at 4% or $230,597 at 6%; with 50% employer match about $230,597 at 4% or $153,731 at 6%; with 100% employer match about $172,948 at 4% or $115,298 at 6%.
Magnifica Inc. Defined Benefit Plan & Trust-0$0$0-
201423$631,630$190,765$63,588iApproximate average salary by contribution assumption: employee only about $1,589,708 at 4% or $1,059,806 at 6%; with 50% employer match about $1,059,806 at 4% or $706,537 at 6%; with 100% employer match about $794,854 at 4% or $529,903 at 6%.
Magnifica Inc. Defined Benefit Plan & Trust-2$472,893$140,000$70,000iApproximate average salary by contribution assumption: employee only about $1,750,000 at 4% or $1,166,667 at 6%; with 50% employer match about $1,166,667 at 4% or $777,778 at 6%; with 100% employer match about $875,000 at 4% or $583,333 at 6%.
Magnifica Inc. 401(K) Plan & Trust-3$158,737$50,765$16,922iApproximate average salary by contribution assumption: employee only about $423,042 at 4% or $282,028 at 6%; with 50% employer match about $282,028 at 4% or $188,019 at 6%; with 100% employer match about $211,521 at 4% or $141,014 at 6%.
201323$467,310$268,967$89,656iApproximate average salary by contribution assumption: employee only about $2,241,392 at 4% or $1,494,261 at 6%; with 50% employer match about $1,494,261 at 4% or $996,174 at 6%; with 100% employer match about $1,120,696 at 4% or $747,131 at 6%.
Magnifica Inc. Defined Benefit Plan & Trust-2$327,367$170,000$85,000iApproximate average salary by contribution assumption: employee only about $2,125,000 at 4% or $1,416,667 at 6%; with 50% employer match about $1,416,667 at 4% or $944,444 at 6%; with 100% employer match about $1,062,500 at 4% or $708,333 at 6%.
Magnifica Inc. 401(K) Plan & Trust-3$139,943$98,967$32,989iApproximate average salary by contribution assumption: employee only about $824,725 at 4% or $549,817 at 6%; with 50% employer match about $549,817 at 4% or $366,544 at 6%; with 100% employer match about $412,363 at 4% or $274,908 at 6%.
201223$208,920$208,920$69,640iApproximate average salary by contribution assumption: employee only about $1,741,000 at 4% or $1,160,667 at 6%; with 50% employer match about $1,160,667 at 4% or $773,778 at 6%; with 100% employer match about $870,500 at 4% or $580,333 at 6%.
Magnifica Inc. Defined Benefit Plan & Trust-2$152,420$152,420$76,210iApproximate average salary by contribution assumption: employee only about $1,905,250 at 4% or $1,270,167 at 6%; with 50% employer match about $1,270,167 at 4% or $846,778 at 6%; with 100% employer match about $952,625 at 4% or $635,083 at 6%.
Magnifica Inc. 401(K) Plan & Trust-3$56,500$56,500$18,833iApproximate average salary by contribution assumption: employee only about $470,833 at 4% or $313,889 at 6%; with 50% employer match about $313,889 at 4% or $209,259 at 6%; with 100% employer match about $235,417 at 4% or $156,944 at 6%.