Plan5500

The Magna Group Of Companies Retirement Savings Plans — Form 5500 plan (Magna International Of America, Inc.)

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, The Magna Group Of Companies Retirement Savings Plans is a benefit plan reported by Magna International Of America, Inc. under EIN 98-0095901 and plan number 002. The latest loaded filing year is 2023. The filing reports 32,119 participants and $2,371,823,799 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$2.4BPlan net assets, end of year$2,371,823,799
Participants32.1KCovered participants reported32,119
Assets / participant$73.8KComputed: assets ÷ participants$73,845 (computed)
Provider compensation$2.4M5 Schedule C provider row(s)$2,396,633
Plan sponsor
Magna International Of America, Inc.
EIN
98-0095901
Plan number
002
Plan type
2
Location
not reported in the loaded dataset
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    32,119 participants · 2Sch HSch C
    View filing →
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)$2.4B total assets
Net assets$2.4BLiabilities—
Money in vs. money out
Total income / additions$518.8M
Total expenses$250.1M
Benefits paid / distributions$247.4M
Contributions
Employer$73.5M
Participant$119.1M
Full reported line items

Net assets

Total assets (EOY)
$2,371,823,799
Net assets (EOY)
$2,371,823,799
Net assets (BOY)
$2,103,160,697

Income & contributions

Employer contributions
$73,485,897
Participant contributions
$119,087,985
Total contributions
$206,202,287
Total income / additions
$518,764,890

Expenses & distributions

Benefits paid
$247,381,502
Administrative expenses
$2,558,793
Total expenses
$250,101,788
Net increase / (decrease)
$268,663,102
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.

Contribution share (employer vs. participant)
Employer 38%Participant 62%
Total expenses ÷ net assets11%Computed ratio
Benefits paid ÷ total income48%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Principal Life Insurance Company$2.1M
    CONTRACT ADMINISTRATOR · Direct $2.1M · Indirect $0
  2. 2
    Capfinancial Partners LLC$153.8K
    INVESTMENT ADVISOR · Direct $153.8K
  3. 3
    Bdo Usa, P.A.$95.7K
    AUDITOR · Direct $95.7K
  4. 4
    Dickinson Wright Pllc$24.8K
    LEGAL · Direct $20.7K · Indirect $4.1K
  5. 5
    Morningstar Investment Management$0
    INVESTMENT ADVISOR · Direct $0 · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the The Magna Group Of Companies Retirement Savings Plans?
The Magna Group Of Companies Retirement Savings Plans is reported as sponsored by Magna International Of America, Inc. (EIN 98-0095901, plan number 002) in public Form 5500 filings.
What is the most recent Form 5500 filing year for The Magna Group Of Companies Retirement Savings Plans?
The latest Form 5500 filing year loaded for The Magna Group Of Companies Retirement Savings Plans is 2023.
How many participants does The Magna Group Of Companies Retirement Savings Plans report?
The Magna Group Of Companies Retirement Savings Plans reports 32,119 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for The Magna Group Of Companies Retirement Savings Plans?
The Magna Group Of Companies Retirement Savings Plans reports $2,371,823,799 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages