401(k) · DOL Form 5500 · 2022
Magna International of America, Inc. 401(k) Plan
Data updated 2026-08-25
- $2.1B
- Total assets Very large vs avg
- 22,890
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $91,881
- Avg per participant Below avg balance/head
Official DOL plan name: The Magna Group of Companies Retirement Savings Plans · Sponsored by Magna International of America, Inc. · · Manufacturing
$2.1B in assets, 22,890 participants
Magna International of America, Inc.'s The Magna Group of Companies Retirement Savings Plans reported $2.1B in total assets and 22,890 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- #20,399 in Manufacturing (20,602 peers)
Where The Magna Group of Companies Retirement Savings Plans sits by assets
The Magna Group of Companies Retirement Savings Plans sits among the largest 1% of all filed plans, $2.1B for 22,890 participants (~$91,881/participant), down 19.2% in 2022.
- #20,399
- in Manufacturing (20,602 peers)
- -19.2%
- assets change YoY
- 21×
- vs typical plan assets (national mean)
The plan reported a net loss of $500M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Magna Group of Companies Retirement Savings Plans's outsized position by total assets
The Magna Group of Companies Retirement Savings Plans vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,103,160,697 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Magna Group of Companies Retirement Savings Plans's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Magna Group of Companies Retirement Savings Plans is a mega filing (22,890 participants), the rightmost band on the breakdown.
Form 5500 schedule snapshot
Filing strip 980095901 · Magna International of America, Inc. PY 2022 · 401(k)
The Magna Group of Companies Retirement Savings Plans · $2.1B · 22,890 · 99th
- TYPE $2.1B
- TYPE 22,890
- TYPE 99th
- TYPE 401(k)
- TYPE near The Pearson Retirement Plan
- TYPE ind #20399
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 Manufacturing retirement plans →
The Magna Group of Companies Retirement Savings Plans in the asset neighbourhood
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $2.6B |
|---|---|
| Net Assets (End of Year) | $2.1B |
| Net Income | -$500M |
| Employer EIN | 980095901 |
| Plan Effective Date | 1992-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magna International of America, Inc.)
Sponsor-wide plan assets over time
All Magna International of America, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.6B 15.912788936122595% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 23,362 | $2.3B |
| 2023 | 2 | 25,192 | $2.5B |
| 2024 | 2 | 25,502 | $2.6B |
Nearby 401(k) Plans in
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Transcanada 401(k) and Savings Plan $832M · 2,989
- Four Seasons Hotels Retirement Benefit Plan $747M · 13,795
- Transocean U.S. Savings Plan $626M · 1,993
- Domtar US Salaried 401(k) Plan $535M · 1,532
- Domtar US Hourly 401(k) Plan $463M · 2,367
Scale composition for The Magna Group of Companies Retirement Savings Plans
The Magna Group of Companies Retirement Savings Plans reports $2.1B in end-of-year assets across 22,890 participants (0.017% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.024% of 93,925,755 covered participants) - about $91,881 per participant (66% of the national average assets-per-participant) . Net income for plan year 2022 was -$500M.
This plan identity (EIN 980095901, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.5B (+17.4%) while covered participants moved from 22,890 to 25,008 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 22,890 | $2.1B | This page |
| 2023 | 24,720 | $2.4B | Open filing |
| 2024 · index core | 25,008 | $2.5B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- The Magna Group of Companies Retirement Savings Plans (401(k), $2.5B, 25,008 participants)
- Magna U.S. Consolidated Pension Plan (Defined Benefit (Pension), $151M, 494 participants)
The Magna Group of Companies Retirement Savings Plans's out-of-state 401(k) peers by assets and headcount
Outside this state, the nearest 401(k) by assets is The Pearson Retirement Plan in NJ ($2.1B); by covered participants it is Hilton 401(k) Plan in VA (22,876 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.1B here).
- The Pearson Retirement Plan (NJ) $2.1B · 12,396
- Consumers Energy Company Employees' Savings Plan (MI) $2.1B · 8,347
- Transamerica 401(k) Retirement Savings Plan (IA) $2.1B · 7,262
- Pentegra Defined Contribution Plan for Financial Institutions (NY) $2.1B · 18,103
Similar participant headcount
Nearest other-state filings by covered participants (22,890 participants); asset peers above are excluded.
- Hilton 401(k) Plan (VA) 22,876 · 14 off
- Conduent Savings Plan (NJ) 22,932 · 42 off
- The Odp Corporation Retirement Savings Plan (FL) 22,942 · 52 off
- Tpusa 401(k) Plan (UT) 22,831 · 59 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.