2023 Form 5500 filing — Magna U.S. Consolidated Pension Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241013084135NAL0012355555002) for Magna U.S. Consolidated Pension Plan, reported by Magna International Of America, Inc. under EIN 98-0095901 and plan number 005. It reports 4,054 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241013084135NAL0012355555002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magna International Of America, Inc.
- EIN
- 98-0095901
- Plan number
- 005
- Location
- not reported in the loaded dataset
- Participants
- 4,054
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $161,893,826
- Total liabilities (EOY)
- $199,958
- Net assets (EOY)
- $161,693,868
- Total income / additions
- $16,321,824
- Benefits paid
- $10,631,060
- Administrative expenses
- $1,775,493
- Total expenses
- $12,406,553
- Net increase / (decrease)
- $3,915,271
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | INVESTMENT ADVISOR | $498,708 | $0 |
| Goldman Sachs Asset Management | INVESTMENT ADVISOR | $358,489 | not reported in the loaded dataset |
| The Northern Trust Company | TRUSTEE AND CUSTODIAN | $96,023 | $0 |
| Bdo Usa, P.A. | AUDITOR | $21,593 | not reported in the loaded dataset |
| Voya Investment Trust Company | INVESTMENT ADVISOR | $13,503 | not reported in the loaded dataset |