Defined Benefit (Pension) · DOL Form 5500 · 2023

Magna International of America, Inc. Pension Plan

Data updated 2026-08-25

$162M
Total assets Near avg plan size
472
Participants Below avg headcount
94th
Percentile by assets National rank
$342,995
Avg per participant High balance/head
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Official DOL plan name: Magna U.S. Consolidated Pension Plan · Sponsored by Magna International of America, Inc. · · Manufacturing

$162M in assets, 472 participants

Magna International of America, Inc.'s Magna U.S. Consolidated Pension Plan reported $162M in total assets and 472 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • #16,973 in Manufacturing (18,722 peers)

Where Magna U.S. Consolidated Pension Plan sits by assets

Magna U.S. Consolidated Pension Plan sits in the top 10% of all filed plans by assets, $162M for 472 participants (~$342,995/participant), up 2.4% in 2023.

#16,973
in Manufacturing (18,722 peers)
+2.4%
assets growth YoY
1.6×
vs typical plan assets (national mean)

Magna U.S. Consolidated Pension Plan's outsized position by total assets

Magna U.S. Consolidated Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$161,893,826 Top 6% higher than 94% 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

Magna U.S. Consolidated Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Magna U.S. Consolidated Pension Plan sits mid-pack in the medium band (472 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Magna U.S. Consolidated Pension Plan reported net income rose from -$69M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Magna U.S. Consolidated Pension Plan end-of-year assets rose from $158M in the plan year 2022 filing to $162M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 980095901 · Magna International of America, Inc. PY 2023 · Defined Benefit (Pension)

Magna U.S. Consolidated Pension Plan · $162M · 472 · 94th

  • RANK $162M
  • RANK 472
  • RANK 94th
  • RANK Defined Benefit (Pension)
  • RANK near Century Aluminum Consolidated Retirement Plan
  • RANK ind #16973

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 →

Magna U.S. Consolidated Pension Plan in the asset neighbourhood

Northwestern Lake Forest Hospital Employees Retirement PlanNorthwestern Lake Forest Hos…$162MBanco Santander USA Offices Retirement PlanBanco Santander USA Offices …$162MMagna U.S. Consolidated Pension PlanMagna U.S. Consolidated Pens…$162MCentury Aluminum Consolidated Retirement PlanCentury Aluminum Consolidate…$162MCnh Industrial U.S. Pension PlanCnh Industrial U.S. Pension …$161M
End-of-year total assets ($M) among Magna U.S. Consolidated Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$158M
Net Assets (End of Year)$162M
Net Income$4M
Employer EIN980095901
Plan Effective Date2001-10-31
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 Defined Benefit (Pension) Plans in

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

Magna U.S. Consolidated Pension Plan vs. nearby Defined Benefit (Pension) plans in , assets vs. participants Scatter plot of 6 data points. 050010001500 00.511.5 Total assets ($B) Participants Magna U.S. Consolidated Pension Plan, Total assets ($B): 0.161893826 · Participants: 472Magna U.S. Consolidated Pension PlanTransocean U.S. Retirement Plan, Total assets ($B): 1.199221958 · Participants: 992Transocean U.S. Retirement PlanResolute Fp US Pension Plan, Total assets ($B): 0.561931939 · Participants: 276Resolute Fp US Pension PlanRetirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and Affiliates, Total assets ($B): 0.488864957 · Participants: 982Retirement Plan for Employees of Learjet Inc., Bombardier Aerospace Corporation and AffiliatesDomtar US Hourly Pension Plan, Total assets ($B): 0.149441025 · Participants: 1324Domtar US Hourly Pension PlanAir Canada U.S. Pension Plan, Total assets ($B): 0.144598774 · Participants: 217Air Canada U.S. Pension Plan
Magna U.S. Consolidated Pension Plan vs. nearby Defined Benefit (Pension) plans in , assets vs. participants
Compare Magna U.S. Consolidated Pension Plan side-by-side with 3 peers →

Magna U.S. Consolidated Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside this state, the nearest Defined Benefit (Pension) by assets is Century Aluminum Consolidated Retirement Plan in IL ($162M); by covered participants it is Capital City Bank Group, Inc. Retirement Plan in FL (472 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (472 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 Magna U.S. Consolidated Pension Plan assets move in 2023? ▼
Magna U.S. Consolidated Pension Plan edged up modestly - up 2.4% during 2023, from $158M to $162M. Reported net income was $4M.
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 Magna U.S. Consolidated Pension Plan rank by assets among Form 5500 filers? ▼
Magna U.S. Consolidated Pension Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Magna U.S. Consolidated Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Century Aluminum Consolidated Retirement Plan in IL ($162M, 477 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Magna U.S. Consolidated Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Capital City Bank Group, Inc. Retirement Plan in FL (472 participants, $125M 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.