401(k) · DOL Form 5500 · 2024
Mgic Investment Corporation 401(k) Plan
Data updated 2026-08-11
- $345M
- Total assets
- 643
- Participants
- 96th
- Percentile by assets
- $536,156
- Avg per participant
Official DOL plan name: Mgic Profit Sharing and Savings Plan · Sponsored by Mgic Investment Corporation · Wisconsin · Management of Enterprises
$345M in assets, 643 participants
Mgic Investment Corporation's Mgic Profit Sharing and Savings Plan reported $345M in total assets and 643 participants in its 2024 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.
- 96th percentile by assets (of 123,622 plans)
- #1,001 in Management of Enterprises (1,133 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, $345M for 643 participants (~$536,156/participant), up 3.4% in 2024.
- $345M
- total plan assets (2024 EOY)
- 643
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $536,156
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Mgic Profit Sharing and Savings Plan reported net income fell from $19M in the plan year 2023 filing to $11M in the plan year 2024 filing.
- Mgic Profit Sharing and Savings Plan reported participants fell from 693 in the plan year 2023 filing to 643 in the plan year 2024 filing.
- Mgic Profit Sharing and Savings Plan end-of-year assets rose from $333M in the plan year 2023 filing to $345M in the plan year 2024 filing.
Mgic Profit Sharing and Savings Plan vs the 2024 asset distribution
By assets, Mgic Profit Sharing and Savings Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.5x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $333M |
|---|---|
| Net Assets (End of Year) | $345M |
| Net Income | $11M |
| Employer EIN | 391486475 |
| Plan Effective Date | 1984-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Mgic Investment Corporation)
| 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
- Advocate Aurora Health 401(k) Plan $10.5B · 80,015
- Johnson Controls Retirement Savings and Investment Plan $7.2B · 28,489
- Fiserv 401(k) Savings Plan $5.1B · 26,372
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan $5.0B · 11,661
- Rockwell Automation Retirement Savings Plan $3.8B · 9,217
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Mgic Profit Sharing and Savings Plan by total assets, not by location.
- Texas Mutual Insurance Company Retirement Savings Plan (TX) $345M · 1,034
- Abs 401(k) Savings Plan (TX) $345M · 1,384
- Kering Americas, Inc. Retirement and Savings Plan (NJ) $345M · 4,826
- Coorstek LLC Savings and Investment Plan (CO) $345M · 2,480
Frequently Asked Questions
How did Mgic Profit Sharing and Savings Plan assets move in 2024? ▼
How have Mgic Investment Corporation plan assets changed over time? ▼
Where does Mgic Profit Sharing and Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Mgic Profit Sharing and Savings Plan? ▼
Next read for Mgic Profit Sharing and Savings Plan
Scale reading
Ways to act on Mgic Profit Sharing and Savings Plan's numbers.
- By total assets, Mgic Profit Sharing and Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Wisconsin. Compare plans
- Mgic Investment Corporation's sponsor-wide assets have grown 9.4% since 2022 across 3 plan years on file. More Management of Enterprises plans