401(k) · DOL Form 5500 · 2023

Mag Mutual Insurance Company 401(k) Plan

Data updated 2026-08-25

$51M
Total assets Below avg plan size
302
Participants Below avg headcount
86th
Percentile by assets National rank
$170,516
Avg per participant Above avg balance/head
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Official DOL plan name: Mag Mutual Insurance Company 401(k) Plan · Sponsored by Mag Mutual Insurance Company · Georgia · Finance & Insurance

$51M in assets, 302 participants

Mag Mutual Insurance Company's Mag Mutual Insurance Company 401(k) Plan reported $51M in total assets and 302 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,934 in Finance & Insurance (8,869 peers)

Coverage in Georgia

Mag Mutual Insurance Company 401(k) Plan covers 302 participants in Georgia, about 28% of the average Georgia filer (state average ~1,096 per filing). Assets: $51M.

#6,934
in Finance & Insurance (8,869 peers)
+31.1%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Mag Mutual Insurance Company 401(k) Plan's outsized position by total assets

Mag Mutual Insurance Company 401(k) Plan vs every filed plan by assets

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

$51,495,883 Top 14% higher than 86% 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 401(k) 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. Mag Mutual Insurance Company 401(k) Plan sits mid-pack in the medium band (302 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mag Mutual Insurance Company 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Mag Mutual Insurance Company 401(k) Plan end-of-year assets rose from $39M in the plan year 2022 filing to $51M in the plan year 2023 filing.
  • Mag Mutual Insurance Company 401(k) Plan reported participants rose from 272 in the plan year 2022 filing to 302 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 581449198 · Mag Mutual Insurance Company PY 2023 · 401(k)

Mag Mutual Insurance Company 401(k) Plan · $51M · 302 · 86th

  • PART $51M
  • TYPE 302
  • NET 86th
  • BOOK 401(k)
  • VS-ST near Kinsale Management, Inc. 401(k) Plan
  • BOY ind #6934

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 401(k) Plan in the asset neighbourhood

Tepper Sports & Entertainment 401(k) PlanTepper Sports & Entertainmen…$52MMag Mutual Insurance Company 401(k) PlanMag Mutual Insurance Company…$51MKinsale Management, Inc. 401(k) PlanKinsale Management, Inc. 401…$51MEvening Post Publishing, Inc. Employee Retirement PlanEvening Post Publishing, Inc…$51MIma Life North America, Inc. 401(k) Retirement PlanIma Life North America, Inc.…$51M
End-of-year total assets ($M) among Mag Mutual Insurance Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Georgia filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$51M
Net Income$12M
Employer EIN581449198
Plan Effective Date1988-01-01
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 401(k) Plans in Georgia

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

Mag Mutual Insurance Company 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants Scatter plot of 6 data points. -2000000200000400000600000 -505101520 Total assets ($B) Participants Mag Mutual Insurance Company 401(k) Plan, Total assets ($B): 0.051495883 · Participants: 302Mag Mutual Insurance Company 401(k) PlanThe Teamster - UPS National 401(k) Tax Deferred Savings Plan, Total assets ($B): 17.183099452 · Participants: 510511The Teamster - UPS National 401(k) Tax Deferred Savings PlanDelta 401(k) Retirement Plan, Total assets ($B): 16.184491444 · Participants: 83136Delta 401(k) Retirement PlanDelta 401(k) Retirement Plan for Pilots, Total assets ($B): 13.670948783 · Participants: 13283Delta 401(k) Retirement Plan for PilotsUPS 401(k) Savings Plan, Total assets ($B): 13.111089897 · Participants: 102231UPS 401(k) Savings PlanThe Home Depot Futurebuilder, Total assets ($B): 12.585718117 · Participants: 413365The Home Depot Futurebuilder
Mag Mutual Insurance Company 401(k) Plan vs. nearby 401(k) plans in Georgia, assets vs. participants
Compare Mag Mutual Insurance Company 401(k) Plan side-by-side with 3 peers →

Mag Mutual Insurance Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Georgia, the nearest 401(k) by assets is Kinsale Management, Inc. 401(k) Plan in VA ($51M); by covered participants it is Big Village Group USA Retirement Savings Plan in NJ (302 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (302 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 Mag Mutual Insurance Company 401(k) Plan assets move in 2023? ▼
Mag Mutual Insurance Company 401(k) Plan surged - up 31.1% during 2023, from $39M to $51M. Reported net income was $12M.
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 401(k) Plan rank by assets among Form 5500 filers? ▼
Mag Mutual Insurance Company 401(k) Plan ranks in the 86th 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 401(k) plans are similar in size to Mag Mutual Insurance Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kinsale Management, Inc. 401(k) Plan in VA ($51M, 468 participants).
Which 401(k) plans cover a similar participant headcount to Mag Mutual Insurance Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Big Village Group USA Retirement Savings Plan in NJ (302 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 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.