Defined Benefit (Pension) · DOL Form 5500 · 2024

Mag Mutual Insurance Company Pension Plan

Data updated 2026-08-25

$71M
Total assets Below avg plan size
59
Participants Small participant base
88th
Percentile by assets National rank
$1.2M
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

$71M in assets, 59 participants

Mag Mutual Insurance Company's Mag Mutual Insurance Company Defined Benefit Plan reported $71M in total assets and 59 participants in its 2024 DOL Form 5500 filing, ranking in the 88th 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.

  • #6,922 in Finance & Insurance (8,549 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, $71M for 59 participants (~$1.2M/participant), down 2.1% in 2024.

#6,922
in Finance & Insurance (8,549 peers)
-2.1%
assets change YoY
0.7×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$71,191,833 Top 12% higher than 88% of 123,620 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 2024

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

Plan-year 2024 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 (59 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mag Mutual Insurance Company Defined Benefit Plan reported net income fell from $4M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Mag Mutual Insurance Company Defined Benefit Plan reported participants fell from 64 in the plan year 2023 filing to 59 in the plan year 2024 filing.
  • Mag Mutual Insurance Company Defined Benefit Plan end-of-year assets fell from $73M in the plan year 2023 filing to $71M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 581449198 · Mag Mutual Insurance Company PY 2024 · Defined Benefit (Pension)

Mag Mutual Insurance Company Defined Benefit Plan · $71M · 59 · 88th

  • EBSA $71M
  • EBSA 59
  • EBSA 88th
  • EBSA Defined Benefit (Pension)
  • EBSA near Tuality Healthcare Retirement Plan
  • EBSA ind #6922

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

The J. M. Smucker Company Represented Employees' Retirement PlanThe J. M. Smucker Company Re…$71MCopic Companies Defined Benefit Pension Plan and TrustCopic Companies Defined Bene…$71MTuality Healthcare Retirement PlanTuality Healthcare Retiremen…$71MMag Mutual Insurance Company Defined Benefit PlanMag Mutual Insurance Company…$71MTree Top, Inc. Pension Plan$71M
End-of-year total assets ($M) among Mag Mutual Insurance Company Defined Benefit Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$73M
Net Assets (End of Year)$71M
Net Income-$2M
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 -50510152025 Total assets ($B) Participants Mag Mutual Insurance Company Defined Benefit Plan, Total assets ($B): 0.071191833 · Participants: 59Mag Mutual Insurance Company Defined Benefit PlanUPS Retirement Plan, Total assets ($B): 21.2364871 · Participants: 43465UPS Retirement PlanThe Southern Company Pension Plan, Total assets ($B): 15.319238036 · Participants: 25843The Southern Company Pension PlanUPS/Ibt Full-Time Employee Pension Plan, Total assets ($B): 12.219463258 · Participants: 69627UPS/Ibt Full-Time Employee Pension PlanUPS Pension Plan, Total assets ($B): 9.280234765 · Participants: 157587UPS Pension PlanDelta Retirement Plan, Total assets ($B): 7.253434311 · Participants: 15222Delta 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 Tuality Healthcare Retirement Plan in OR ($71M); by covered participants it is Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation in WI (59 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (59 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Mag Mutual Insurance Company Defined Benefit Plan edged down modestly - down 2.1% during 2024, from $73M to $71M. Reported net income was -$2M.
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 88th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Tuality Healthcare Retirement Plan in OR ($71M, 218 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 Wec Energy Group Retirement Plan for Minnesota Energy Resources Corporation in WI (59 participants, $46M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.