Mag Mutual Insurance Company Defined Benefit Plan — Form 5500 plan (Mag Mutual Insurance Company)

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, Mag Mutual Insurance Company Defined Benefit Plan is a benefit plan reported by Mag Mutual Insurance Company under EIN 58-1449198 and plan number 001. The latest loaded filing year is 2023. The filing reports 267 participants and $72,748,859 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$72.7MPlan net assets, end of year$72,748,859
Participants267Covered participants reported
Assets / participant$272.5KComputed: assets ÷ participants$272,468 (computed)
Provider compensationNone reported
Plan sponsor
Mag Mutual Insurance Company
EIN
58-1449198
Plan number
001
Plan type
2
Location
Atlanta, GA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023267H20241014141346NAL0013429731001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$72.7M total assets
Net assets$72.7MLiabilities$0
Money in vs. money out
Total income / additions$7.3M
Total expenses$3.8M
Benefits paid / distributions$3.8M
Full reported line items

Net assets

Total assets (EOY)
$72,748,859
Total liabilities (EOY)
$0
Net assets (EOY)
$72,748,859
Net assets (BOY)
$69,177,837

Income & contributions

Total contributions
$0
Total income / additions
$7,346,737

Expenses & distributions

Benefits paid
$3,767,732
Administrative expenses
$7,983
Total expenses
$3,775,715
Net increase / (decrease)
$3,571,022
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income51%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages