Plan5500

Mgic Pension Plan — Form 5500 plan (Mgic Investment Corporation)

Plain-English plan 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, Mgic Pension Plan is a benefit plan reported by Mgic Investment Corporation under EIN 39-1486475 and plan number 001. The latest loaded filing year is 2023. The filing reports 1,803 participants and $391,903,189 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Mgic Investment Corporation
EIN
39-1486475
Plan number
001
Plan type
2
Location
Milwaukee, WI
Latest filing year
2023
Participants
1,803
End-of-year plan assets
$391,903,189

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,803H, C20241014173015NAL0027986225001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$391,903,189
Total liabilities (EOY)
$321,269
Net assets (EOY)
$391,581,920
Net assets (BOY)
$367,081,435

Income & contributions

Employer contributions
$23,000,000
Total contributions
$23,000,000
Total income / additions
$72,158,516

Expenses & distributions

Benefits paid
$43,867,419
Administrative expenses
$3,790,612
Total expenses
$47,658,031
Net increase / (decrease)
$24,500,485

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Willis Towers WatsonACTUARY, ADMINISTRATOR$1,285,046not reported in the loaded dataset2023
Wellington ManagementINVESTMENT MANAGEMENT$966,985not reported in the loaded dataset2023
U.S. BankRECORD KEEPER TRUSTEE$90,791not reported in the loaded dataset2023

Related Form 5500 pages