A socket includes a housing having a first end dimensioned and configured for cooperation with an associated wrench and a second end dimensioned and configured for engagement with a locknut. The second end includes a first plurality of magnets disposed to maintain a single locknut against the second end, the second end and a second plurality of magnets disposed to maintain the second end against an associated housing with the associated locknut disposed intermediate the second end of the socket and the associated housing. The second end of the socket including a plurality of depending feet dimensioned and configured for meshing engagement with the locknut whereby rotation of the socket causes rotation of the locknut when the locknut is engaged with an associated externally threaded connector to move the locknut axially along the external threads of the externally threaded connector.