Defined Benefit (Pension) · DOL Form 5500 · 2022

Mgic Investment Corporation Pension Plan

Data updated 2026-08-25

$367M
Total assets Above avg plan size
745
Participants Near avg headcount
97th
Percentile by assets National rank
$493,227
Avg per participant High balance/head
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Official DOL plan name: Mgic Pension Plan · Sponsored by Mgic Investment Corporation · Wisconsin · Management of Enterprises

$367M in assets, 745 participants

Mgic Investment Corporation's Mgic Pension Plan reported $367M in total assets and 745 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.

  • #1,079 in Management of Enterprises (1,193 peers)

Where Mgic Pension Plan sits by assets

Mgic Pension Plan sits in the top 5% of all filed plans by assets, $367M for 745 participants (~$493,227/participant), down 31.7% in 2022.

#1,079
in Management of Enterprises (1,193 peers)
-31.7%
assets change YoY
3.7×
vs typical plan assets (national mean)

The plan reported a net loss of $169M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Mgic Pension Plan's outsized position by total assets

Mgic Pension Plan vs every filed plan by assets

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

$367,454,047 Top 3% higher than 97% 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

Mgic Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mgic Pension Plan sits mid-pack in the medium band (745 participants).

EBSA filing schedule strip

Filing strip 391486475 · Mgic Investment Corporation PY 2022 · Defined Benefit (Pension)

Mgic Pension Plan · $367M · 745 · 97th

  • PCT $367M
  • EIN 745
  • RANK 97th
  • PHOTO Defined Benefit (Pension)
  • IND near Flowserve Corporation Pension Plan
  • EOY ind #1079

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 Management of Enterprises retirement plans → · Plans in Wisconsin →

Mgic Pension Plan in the asset neighbourhood

Mgic Pension Plan$367MFlowserve Corporation Pension PlanFlowserve Corporation Pensio…$367MCalifornia Teachers Association Employees Retirement Benefits PlanCalifornia Teachers Associat…$366MMcdermott (U.S.) Retirement PlanMcdermott (U.S.) Retirement …$366MIronworkers Local 11 Pension FundIronworkers Local 11 Pension…$365M
End-of-year total assets ($M) among Mgic Pension 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)$538M
Net Assets (End of Year)$367M
Net Income-$169M
Employer EIN391486475
Plan Effective Date1985-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mgic Investment Corporation)

Sponsor-wide plan assets over time

All Mgic Investment Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$746M 9.422491457479044% vs 2022
2024 filing year
$660M$680M$700M$720M$740M$760M 202220232024 $682M $746M ▲ +9.4%
Year Plans Participants Total Assets
2022 2 1,484 $682M
2023 2 1,385 $725M
2024 2 1,237 $746M

Nearby Defined Benefit (Pension) Plans in Wisconsin

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

Mgic Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. 020004000600080001000012000 01234 Total assets ($B) Participants Mgic Pension Plan, Total assets ($B): 0.367454047 · Participants: 745Mgic Pension PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.074208374 · Participants: 7377The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 2.951985172 · Participants: 9724Building Trades United Pension Trust Fund Milwaukee and VicinityRockwell Automation Pension Plan, Total assets ($B): 2.144532065 · Participants: 3077Rockwell Automation Pension PlanThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 1.927367772 · Participants: 7278The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.826706645 · Participants: 1744Harley-Davidson Retirement Plan
Mgic Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Mgic Pension Plan side-by-side with 3 peers →

Mgic Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Flowserve Corporation Pension Plan in TX ($367M); by covered participants it is Donnelley Financial Pension Plan in IL (745 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($367M here).

Similar participant headcount

Nearest other-state filings by covered participants (745 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 Mgic Pension Plan assets move in 2022? ▼
Mgic Pension Plan contracted severely - down 31.7% during 2022, from $538M to $367M. Reported net income was -$169M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Mgic Pension 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 Defined Benefit (Pension) plans are similar in size to Mgic Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Flowserve Corporation Pension Plan in TX ($367M, 4,240 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mgic Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Donnelley Financial Pension Plan in IL (745 participants, $189M 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 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.