401(k) · DOL Form 5500 · 2023

Magna International of America, Inc. 401(k) Plan

Data updated 2026-08-25

$2.4B
Total assets Very large vs avg
24,720
Participants Very large workforce
99th
Percentile by assets National rank
$95,948
Avg per participant Below avg balance/head
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Official DOL plan name: The Magna Group of Companies Retirement Savings Plans · Sponsored by Magna International of America, Inc. · · Manufacturing

$2.4B in assets, 24,720 participants

Magna International of America, Inc.'s The Magna Group of Companies Retirement Savings Plans reported $2.4B in total assets and 24,720 participants in its 2023 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.

  • #18,520 in Manufacturing (18,722 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, $2.4B for 24,720 participants (~$95,948/participant), up 12.8% in 2023.

#18,520
in Manufacturing (18,722 peers)
+12.8%
assets growth YoY
24×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$2,371,823,799 Top 1% higher than 99% of 127,068 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 2023

The Magna Group of Companies Retirement Savings Plans's mega-plan peer group by participant headcount

Plan-year 2023 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 (24,720 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Magna Group of Companies Retirement Savings Plans reported net income rose from -$500M in the plan year 2022 filing to $269M in the plan year 2023 filing.
  • The Magna Group of Companies Retirement Savings Plans end-of-year assets rose from $2.1B in the plan year 2022 filing to $2.4B in the plan year 2023 filing.
  • The Magna Group of Companies Retirement Savings Plans reported participants rose from 22,890 in the plan year 2022 filing to 24,720 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 980095901 · Magna International of America, Inc. PY 2023 · 401(k)

The Magna Group of Companies Retirement Savings Plans · $2.4B · 24,720 · 99th

  • TYPE $2.4B
  • TYPE 24,720
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near Intercontinental Exchange, Inc. 401(k) Plan
  • TYPE ind #18520

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

Intercontinental Exchange, Inc. 401(k) PlanIntercontinental Exchange, I…$2.4BAlight Solutions LLC 401(k) Plan (Fka Hewitt Associates LLC 401(k) Plan)Alight Solutions LLC 401(k) …$2.4BRepublic Services, Inc. 401(k) PlanRepublic Services, Inc. 401(…$2.4BThe Magna Group of Companies Retirement Savings PlansThe Magna Group of Companies…$2.4BGenuine Parts Company 401(k) Savings PlanGenuine Parts Company 401(k)…$2.4B
End-of-year total assets ($B) among The Magna Group of Companies Retirement Savings Plans and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$2.1B
Net Assets (End of Year)$2.4B
Net Income$269M
Employer EIN980095901
Plan Effective Date1992-08-01
Filing StatusFILING 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
$2.2B$2.4B$2.6B$2.8B 202220232024 $2.26B $2.62B ▲ +15.9%
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.

The Magna Group of Companies Retirement Savings Plans vs. nearby 401(k) plans in , assets vs. participants Scatter plot of 6 data points. 0100002000030000 00.511.522.5 Total assets ($B) Participants The Magna Group of Companies Retirement Savings Plans, Total assets ($B): 2.371823799 · Participants: 24720The Magna Group of Companies Retirement Savings PlansTranscanada 401(k) and Savings Plan, Total assets ($B): 0.996497127 · Participants: 3116Transcanada 401(k) and Savings PlanFour Seasons Hotels Retirement Benefit Plan, Total assets ($B): 0.86338677 · Participants: 15652Four Seasons Hotels Retirement Benefit PlanTransocean U.S. Savings Plan, Total assets ($B): 0.74669178 · Participants: 2090Transocean U.S. Savings PlanDomtar US Salaried 401(k) Plan, Total assets ($B): 0.619534867 · Participants: 1608Domtar US Salaried 401(k) PlanDomtar US Hourly 401(k) Plan, Total assets ($B): 0.538848585 · Participants: 2506Domtar US Hourly 401(k) Plan
The Magna Group of Companies Retirement Savings Plans vs. nearby 401(k) plans in , assets vs. participants
Compare The Magna Group of Companies Retirement Savings Plans side-by-side with 3 peers →

Scale composition for The Magna Group of Companies Retirement Savings Plans

The Magna Group of Companies Retirement Savings Plans reports $2.4B in end-of-year assets across 24,720 participants (0.019% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.026% of 93,925,755 covered participants) - about $95,948 per participant (69% of the national average assets-per-participant) . Net income for plan year 2023 was $269M.

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 Open filing
2023 24,720 $2.4B This page
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's out-of-state 401(k) peers by assets and headcount

Outside this state, the nearest 401(k) by assets is Intercontinental Exchange, Inc. 401(k) Plan in GA ($2.4B); by covered participants it is Nationwide Savings Plan in OH (24,715 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (24,720 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Magna Group of Companies Retirement Savings Plans assets move in 2023? ▼
The Magna Group of Companies Retirement Savings Plans grew at a solid clip - up 12.8% during 2023, from $2.1B to $2.4B. Reported net income was $269M.
How have Magna International of America, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magna International of America, Inc.'s sponsor-wide assets grew 15.9%, from $2.3B to $2.6B.
Where does The Magna Group of Companies Retirement Savings Plans rank by assets among Form 5500 filers? ▼
The Magna Group of Companies Retirement Savings Plans ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Magna Group of Companies Retirement Savings Plans? ▼
Among 401(k) plans in other states, the closest by assets is Intercontinental Exchange, Inc. 401(k) Plan in GA ($2.4B, 5,019 participants).
Which 401(k) plans cover a similar participant headcount to The Magna Group of Companies Retirement Savings Plans? ▼
Among 401(k) plans in other states, the closest by covered participants is Nationwide Savings Plan in OH (24,715 participants, $7.6B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 980095901.

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.