Defined Benefit (Pension) · DOL Form 5500 · 2023

Mag Mutual Insurance Company Pension Plan

Data updated 2026-08-25

$73M
Total assets Below avg plan size
64
Participants Small participant base
89th
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: Mag Mutual Insurance Company Defined Benefit Plan · Sponsored by Mag Mutual Insurance Company · Georgia · Finance & Insurance

$73M in assets, 64 participants

Mag Mutual Insurance Company's Mag Mutual Insurance Company Defined Benefit Plan reported $73M in total assets and 64 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,350 in Finance & Insurance (8,869 peers)

Where Mag Mutual Insurance Company Defined Benefit Plan sits by assets

Mag Mutual Insurance Company Defined Benefit Plan sits in the top quartile of all filed plans by assets, $73M for 64 participants (~$1.1M/participant), up 5.2% in 2023.

#7,350
in Finance & Insurance (8,869 peers)
+5.2%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Mag Mutual Insurance Company Defined Benefit Plan's outsized position by total assets

Mag Mutual Insurance Company Defined Benefit Plan vs every filed plan by assets

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

$72,748,859 Top 11% higher than 89% 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

Mag Mutual Insurance Company Defined Benefit Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mag Mutual Insurance Company Defined Benefit Plan is a small filing (64 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mag Mutual Insurance Company Defined Benefit Plan reported net income rose from -$21M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Mag Mutual Insurance Company Defined Benefit Plan reported participants fell from 74 in the plan year 2022 filing to 64 in the plan year 2023 filing.
  • Mag Mutual Insurance Company Defined Benefit Plan end-of-year assets rose from $69M in the plan year 2022 filing to $73M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 581449198 · Mag Mutual Insurance Company PY 2023 · Defined Benefit (Pension)

Mag Mutual Insurance Company Defined Benefit Plan · $73M · 64 · 89th

  • PART $73M
  • TYPE 64
  • NET 89th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Usw District 10, Local 286, Pension Plan
  • BOY ind #7350

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 Finance & Insurance retirement plans → · Plans in Georgia →

Mag Mutual Insurance Company Defined Benefit Plan in the asset neighbourhood

Sbera Pension Plan as Adopted by Bristol County Savings BankSbera Pension Plan as Adopte…$73MLocal Union 903 Pension Plan$73MMag Mutual Insurance Company Defined Benefit PlanMag Mutual Insurance Company…$73MUsw District 10, Local 286, Pension PlanUsw District 10, Local 286, …$73MLowenstein Sandler Employees' Pension PlanLowenstein Sandler Employees…$73M
End-of-year total assets ($M) among Mag Mutual Insurance Company Defined Benefit 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)$69M
Net Assets (End of Year)$73M
Net Income$4M
Employer EIN581449198
Plan Effective Date1983-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mag Mutual Insurance Company)

Sponsor-wide plan assets over time

All Mag Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$135M 24.445543823971047% vs 2022
2024 filing year
$100M$110M$120M$130M$140M 202220232024 $108M $135M ▲ +24.4%
Year Plans Participants Total Assets
2022 2 346 $108M
2023 2 366 $124M
2024 2 457 $135M

Nearby Defined Benefit (Pension) Plans in Georgia

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

Mag Mutual Insurance Company Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -505101520 Total assets ($B) Participants Mag Mutual Insurance Company Defined Benefit Plan, Total assets ($B): 0.072748859 · Participants: 64Mag Mutual Insurance Company Defined Benefit PlanThe Southern Company Pension Plan, Total assets ($B): 15.596954837 · Participants: 25241The Southern Company Pension PlanUPS/Ibt Full-Time Employee Pension Plan, Total assets ($B): 12.285105757 · Participants: 70241UPS/Ibt Full-Time Employee Pension PlanUPS Pension Plan, Total assets ($B): 9.733665646 · Participants: 153217UPS Pension PlanCox Enterprises, Inc. Pension Plan, Total assets ($B): 7.396009274 · Participants: 24023Cox Enterprises, Inc. Pension PlanDelta Retirement Plan, Total assets ($B): 7.309889555 · Participants: 15601Delta Retirement Plan
Mag Mutual Insurance Company Defined Benefit Plan vs. nearby Defined Benefit (Pension) plans in Georgia, assets vs. participants
Compare Mag Mutual Insurance Company Defined Benefit Plan side-by-side with 3 peers →

Mag Mutual Insurance Company Defined Benefit Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Georgia, the nearest Defined Benefit (Pension) by assets is Usw District 10, Local 286, Pension Plan in PA ($73M); by covered participants it is Intermountain Rural Electric Association Pension Plan in CO (64 participants). Same-state nearby plans are listed separately above.

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 Mag Mutual Insurance Company Defined Benefit Plan assets move in 2023? ▼
Mag Mutual Insurance Company Defined Benefit Plan grew at a solid clip - up 5.2% during 2023, from $69M to $73M. Reported net income was $4M.
How have Mag Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Mag Mutual Insurance Company's sponsor-wide assets grew 24.4%, from $108M to $135M.
Where does Mag Mutual Insurance Company Defined Benefit Plan rank by assets among Form 5500 filers? ▼
Mag Mutual Insurance Company Defined Benefit Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Mag Mutual Insurance Company Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Usw District 10, Local 286, Pension Plan in PA ($73M, N/A participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mag Mutual Insurance Company Defined Benefit Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Intermountain Rural Electric Association Pension Plan in CO (64 participants, $17M 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 581449198.

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.