401(k) · DOL Form 5500 · 2023

Mgic Investment Corporation 401(k) Plan

Data updated 2026-08-25

$333M
Total assets Above avg plan size
693
Participants Below avg headcount
96th
Percentile by assets National rank
$480,995
Avg per participant High balance/head
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Official DOL plan name: Mgic Profit Sharing and Savings Plan · Sponsored by Mgic Investment Corporation · Wisconsin · Management of Enterprises

$333M in assets, 693 participants

Mgic Investment Corporation's Mgic Profit Sharing and Savings Plan reported $333M in total assets and 693 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #997 in Management of Enterprises (1,137 peers)

Where Mgic Profit Sharing and Savings Plan sits by assets

Mgic Profit Sharing and Savings Plan sits in the top 5% of all filed plans by assets, $333M for 693 participants (~$480,995/participant), up 6.0% in 2023.

#997
in Management of Enterprises (1,137 peers)
+6.0%
assets growth YoY
3.3×
vs typical plan assets (national mean)

Mgic Profit Sharing and Savings Plan's outsized position by total assets

Mgic Profit Sharing and Savings Plan vs every filed plan by assets

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

$333,329,403 Top 4% higher than 96% 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

Mgic Profit Sharing and Savings 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. Mgic Profit Sharing and Savings Plan sits mid-pack in the medium band (693 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mgic Profit Sharing and Savings Plan reported net income rose from -$85M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Mgic Profit Sharing and Savings Plan reported participants fell from 739 in the plan year 2022 filing to 693 in the plan year 2023 filing.
  • Mgic Profit Sharing and Savings Plan end-of-year assets rose from $314M in the plan year 2022 filing to $333M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 391486475 · Mgic Investment Corporation PY 2023 · 401(k)

Mgic Profit Sharing and Savings Plan · $333M · 693 · 96th

  • PHOTO $333M
  • PHOTO 693
  • PHOTO 96th
  • PHOTO 401(k)
  • PHOTO near Sunrise Senior Living 401(k) Plan
  • PHOTO ind #997

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 Profit Sharing and Savings Plan in the asset neighbourhood

Big Lots Savings Plan$334MBillerud Americas Corporation Retirement Savings Plan for Non Union EmployeesBillerud Americas Corporatio…$334MStandardaero 401(k) Savings PlanStandardaero 401(k) Savings …$333MMgic Profit Sharing and Savings PlanMgic Profit Sharing and Savi…$333MSunrise Senior Living 401(k) PlanSunrise Senior Living 401(k)…$333M
End-of-year total assets ($M) among Mgic Profit Sharing and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$314M
Net Assets (End of Year)$333M
Net Income$19M
Employer EIN391486475
Plan Effective Date1984-12-01
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 401(k) Plans in Wisconsin

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Mgic Profit Sharing and Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -20246810 Total assets ($B) Participants Mgic Profit Sharing and Savings Plan, Total assets ($B): 0.333329403 · Participants: 693Mgic Profit Sharing and Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 9.125723544 · Participants: 76956Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 6.160116767 · Participants: 28904Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 4.81171463 · Participants: 25280Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.550761 · Participants: 11236Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.62235882 · Participants: 8877Rockwell Automation Retirement Savings Plan
Mgic Profit Sharing and Savings Plan vs. nearby 401(k) plans in Wisconsin, assets vs. participants
Compare Mgic Profit Sharing and Savings Plan side-by-side with 3 peers →

Mgic Profit Sharing and Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Wisconsin, the nearest 401(k) by assets is Sunrise Senior Living 401(k) Plan in VA ($333M); by covered participants it is Thompson Industrial Services, LLC 401(k) Profit Sharing Plan in SC (693 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($333M here).

Similar participant headcount

Nearest other-state filings by covered participants (693 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 Mgic Profit Sharing and Savings Plan assets move in 2023? ▼
Mgic Profit Sharing and Savings Plan grew at a solid clip - up 6.0% during 2023, from $314M to $333M. Reported net income was $19M.
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 Profit Sharing and Savings Plan rank by assets among Form 5500 filers? ▼
Mgic Profit Sharing and Savings Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Mgic Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sunrise Senior Living 401(k) Plan in VA ($333M, 19,826 participants).
Which 401(k) plans cover a similar participant headcount to Mgic Profit Sharing and Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Thompson Industrial Services, LLC 401(k) Profit Sharing Plan in SC (693 participants, N/A 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 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.