Defined Benefit (Pension) · DOL Form 5500 · 2022

Mag Mutual Insurance Company Pension Plan

Data updated 2026-08-25

$69M
Total assets Below avg plan size
74
Participants Small participant base
90th
Percentile by assets National rank
$934,836
Avg per participant High balance/head
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Official DOL plan name: Mag Mutual Insurance Company Defined Benefit Plan · Sponsored by Mag Mutual Insurance Company · Georgia · Finance & Insurance

$69M in assets, 74 participants

Mag Mutual Insurance Company's Mag Mutual Insurance Company Defined Benefit Plan reported $69M in total assets and 74 participants in its 2022 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,844 in Finance & Insurance (9,261 peers)

Where Mag Mutual Insurance Company Defined Benefit Plan sits by assets

Mag Mutual Insurance Company Defined Benefit Plan sits in the top 10% of all filed plans by assets, $69M for 74 participants (~$934,836/participant), down 23.6% in 2022.

#7,844
in Finance & Insurance (9,261 peers)
-23.6%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $21M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mag Mutual Insurance Company Defined Benefit Plan's outsized position by total assets

Mag Mutual Insurance Company Defined Benefit Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$69,177,837 Top 10% higher than 90% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Mag Mutual Insurance Company Defined Benefit Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mag Mutual Insurance Company Defined Benefit Plan is a small filing (74 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 581449198 · Mag Mutual Insurance Company PY 2022 · Defined Benefit (Pension)

Mag Mutual Insurance Company Defined Benefit Plan · $69M · 74 · 90th

  • BOY $69M
  • SCH 74
  • EBSA 90th
  • PART Defined Benefit (Pension)
  • TYPE near IBEW Local 684 Pension Trust
  • NET ind #7844

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Georgia →

Mag Mutual Insurance Company Defined Benefit Plan in the asset neighbourhood

Bakery, Confectionery, Tobacco Workers and Grain Millers International Union Employees' Pension PlanBakery, Confectionery, Tobac…$69MTexas Trust Credit Union Retirement Income PlanTexas Trust Credit Union Ret…$69MMag Mutual Insurance Company Defined Benefit PlanMag Mutual Insurance Company…$69MIBEW Local 684 Pension Trust$69MDiocese of Youngstown Retirement Income PlanDiocese of Youngstown Retire…$69M
End-of-year total assets ($M) among Mag Mutual Insurance Company Defined Benefit Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$91M
Net Assets (End of Year)$69M
Net Income-$21M
Employer EIN581449198
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Mutual Insurance Company)

Sponsor-wide plan assets over time

All Mag Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$135M 24.445543823971047% vs 2022
2024 filing year
$100M$110M$120M$130M$140M 202220232024 $108M $135M ▲ +24.4%
Year Plans Participants Total Assets
2022 2 346 $108M
2023 2 366 $124M
2024 2 457 $135M

Nearby Defined Benefit (Pension) Plans in Georgia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Mag Mutual Insurance Company Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -50510152025 Total assets ($B) Participants Mag Mutual Insurance Company Defined Benefit Plan, Total assets ($B): 0.069177837 · Participants: 74Mag Mutual Insurance Company Defined Benefit PlanUPS Retirement Plan, Total assets ($B): 22.022408253 · Participants: 52821UPS Retirement PlanThe Southern Company Pension Plan, Total assets ($B): 14.822086516 · Participants: 25663The Southern Company Pension PlanUPS/Ibt Full-Time Employee Pension Plan, Total assets ($B): 11.867504693 · Participants: 68592UPS/Ibt Full-Time Employee Pension PlanUPS Pension Plan, Total assets ($B): 9.568572149 · Participants: 151682UPS Pension PlanDelta Retirement Plan, Total assets ($B): 7.354895526 · Participants: 15951Delta Retirement Plan
Mag Mutual Insurance Company Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
Compare Mag Mutual Insurance Company Defined Benefit Plan side-by-side with 3 peers →

Mag Mutual Insurance Company Defined Benefit Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Georgia, the nearest Defined Benefit (Pension) by assets is IBEW Local 684 Pension Trust in CA ($69M); by covered participants it is Mica Retirement Plan in AZ (74 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (74 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Mag Mutual Insurance Company Defined Benefit Plan assets move in 2022? ▼
Mag Mutual Insurance Company Defined Benefit Plan declined sharply - down 23.6% during 2022, from $91M to $69M. Reported net income was -$21M.
How have Mag Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Mutual Insurance Company's sponsor-wide assets grew 24.4%, from $108M to $135M.
Where does Mag Mutual Insurance Company Defined Benefit Plan rank by assets among Form 5500 filers? ▼
Mag Mutual Insurance Company Defined Benefit Plan ranks in the 90th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Mag Mutual Insurance Company Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is IBEW Local 684 Pension Trust in CA ($69M, 429 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mag Mutual Insurance Company Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Mica Retirement Plan in AZ (74 participants, $37M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 581449198.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.