401(k) · DOL Form 5500 · 2022

Mgic Investment Corporation 401(k) Plan

Data updated 2026-08-11

$314M
Total assets
739
Participants
97th
Percentile by assets
$425,403
Avg per participant
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Official DOL plan name: Mgic Profit Sharing and Savings Plan · Sponsored by Mgic Investment Corporation · Wisconsin · Management of Enterprises

$314M in assets, 739 participants

Mgic Investment Corporation's Mgic Profit Sharing and Savings Plan reported $314M in total assets and 739 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.

  • 97th percentile by assets (of 139,126 plans)
  • #1,065 in Management of Enterprises (1,193 peers)

Where Mgic Profit Sharing and Savings Plan sits by assets

Mgic Profit Sharing and Savings Plan sits in the top 5% of all filed plans by assets, $314M for 739 participants (~$425,403/participant), down 21.3% in 2022.

$314M
total plan assets (2022 EOY)
739
covered participants
97th
percentile by assets (of 139,126 plans)
$425,403
avg assets per participant

The plan reported a net loss of $85M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Mgic Profit Sharing and Savings Plan sits by total assets

Mgic Profit Sharing and Savings Plan vs every filed plan by assets

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

$314,372,785 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,010,000,000 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

State
Wisconsin
Industry
Management of Enterprises

Mgic Profit Sharing and Savings Plan vs the 2022 asset distribution

By assets, Mgic Profit Sharing and Savings Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.2x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$400M
Net Assets (End of Year)$314M
Net Income-$85M
Employer EIN391486475
Plan Effective Date1984-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mgic Investment Corporation)

$660M$680M$700M$720M$740M$760M 202220232024 $682M $746M ▲ +9.4%
Total plan assets by year, all Mgic Investment Corporation plans on file
Year Plans Participants Total Assets
2022 2 1,484 $682M
2023 2 1,385 $725M
2024 2 1,237 $746M

Nearby 401(k) Plans in Wisconsin

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mgic Profit Sharing and Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 0246 Total assets ($B) Participants Mgic Profit Sharing …, Total assets ($B): 0.314372785 · Participants: 739Mgic Profit Sharing …Johnson Controls Ret…, Total assets ($B): 5.548820507 · Participants: 28701Johnson Controls Ret…Fiserv 401(k) Saving…, Total assets ($B): 4.339639169 · Participants: 26610Fiserv 401(k) Saving…Kimberly-Clark Corpo…, Total assets ($B): 3.978902 · Participants: 11034Kimberly-Clark Corpo…Rockwell Automation …, Total assets ($B): 3.151693798 · Participants: 8032Rockwell Automation …Nm Employee Savings …, Total assets ($B): 2.385991887 · Participants: 7423Nm Employee Savings …
Mgic Profit Sharing and Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Mgic Profit Sharing and Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Mgic Profit Sharing and Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Mgic Profit Sharing and Savings Plan assets move in 2022? ▼
Mgic Profit Sharing and Savings Plan declined sharply - down 21.3% during 2022, from $400M to $314M. Reported net income was -$85M.
How have Mgic Investment Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mgic Investment Corporation's sponsor-wide assets grew 9.4%, from $682M to $746M.
Where does Mgic Profit Sharing and Savings Plan rank by assets among Form 5500 filers? ▼
Mgic Profit Sharing and Savings Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Mgic Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Retirement Savings Plan in OH ($314M, 1,224 participants).

Next read for Mgic Profit Sharing and Savings Plan

Scale reading

Ways to act on Mgic Profit Sharing and Savings Plan's numbers.

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 391486475.

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.