Defined Benefit (Pension) · DOL Form 5500 · 2023

Mgic Investment Corporation Pension Plan

Data updated 2026-08-25

$392M
Total assets Above avg plan size
692
Participants Below avg headcount
97th
Percentile by assets National rank
$566,334
Avg per participant High balance/head
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Official DOL plan name: Mgic Pension Plan · Sponsored by Mgic Investment Corporation · Wisconsin · Management of Enterprises

$392M in assets, 692 participants

Mgic Investment Corporation's Mgic Pension Plan reported $392M in total assets and 692 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #1,012 in Management of Enterprises (1,137 peers)

Where Mgic Pension Plan sits by assets

Mgic Pension Plan sits in the top 5% of all filed plans by assets, $392M for 692 participants (~$566,334/participant), up 6.7% in 2023.

#1,012
in Management of Enterprises (1,137 peers)
+6.7%
assets growth YoY
3.9×
vs typical plan assets (national mean)

Mgic Pension Plan's outsized position by total assets

Mgic Pension Plan vs every filed plan by assets

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

$391,903,189 Top 3% higher than 97% 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 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. Mgic Pension Plan sits mid-pack in the medium band (692 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mgic Pension Plan reported net income rose from -$169M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • Mgic Pension Plan reported participants fell from 745 in the plan year 2022 filing to 692 in the plan year 2023 filing.
  • Mgic Pension Plan end-of-year assets rose from $367M in the plan year 2022 filing to $392M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 391486475 · Mgic Investment Corporation PY 2023 · Defined Benefit (Pension)

Mgic Pension Plan · $392M · 692 · 97th

  • RANK $392M
  • RANK 692
  • RANK 97th
  • RANK Defined Benefit (Pension)
  • RANK near Nrg Pension Plan for Bargained Employees
  • RANK ind #1012

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 Pension Plan in the asset neighbourhood

Dover Corporation Pension PlanDover Corporation Pension Pl…$393MHawaii Laborers' Pension Trust FundHawaii Laborers' Pension Tru…$392MNrg Pension Plan for Bargained EmployeesNrg Pension Plan for Bargain…$392MMgic Pension Plan$392MRetirement Plan for Employees of Boeing Employees' Credit UnionRetirement Plan for Employee…$392M
End-of-year total assets ($M) among Mgic 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)$367M
Net Assets (End of Year)$392M
Net Income$25M
Employer EIN391486475
Plan Effective Date1985-11-01
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 Defined Benefit (Pension) Plans in Wisconsin

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

Mgic Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. 050001000015000 01234 Total assets ($B) Participants Mgic Pension Plan, Total assets ($B): 0.391903189 · Participants: 692Mgic Pension PlanThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.298151091 · Participants: 8348The Northwestern Mutual Employee Retirement PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.267131995 · Participants: 9960Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.08393057 · Participants: 7368The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.912240682 · Participants: 1560Harley-Davidson Retirement PlanRockwell Automation Pension Plan, Total assets ($B): 1.77661124 · Participants: 2136Rockwell Automation Pension Plan
Mgic Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Mgic Pension Plan side-by-side with 3 peers →

Mgic Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is Nrg Pension Plan for Bargained Employees in NJ ($392M); by covered participants it is Plumbers Local Union No. 200 Pension Fund in NY (693 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($392M here).

Similar participant headcount

Nearest other-state filings by covered participants (692 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 Pension Plan assets move in 2023? ▼
Mgic Pension Plan grew at a solid clip - up 6.7% during 2023, from $367M to $392M. Reported net income was $25M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Mgic Pension Plan ranks in the 97th 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 Defined Benefit (Pension) plans are similar in size to Mgic Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Nrg Pension Plan for Bargained Employees in NJ ($392M, 173 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mgic Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Plumbers Local Union No. 200 Pension Fund in NY (693 participants, $123M 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.