401(k) · DOL Form 5500 · 2024

Mgic Investment Corporation 401(k) Plan

Data updated 2026-08-25

$345M
Total assets Above avg plan size
643
Participants Below avg headcount
96th
Percentile by assets National rank
$536,156
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

$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.

  • #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.

#1,001
in Management of Enterprises (1,133 peers)
+3.4%
assets growth YoY
3.5×
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 2024 · DOL Form 5500

$344,748,506 Top 4% higher than 96% 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

Mgic Profit Sharing and Savings Plan among mid-size filed plans by headcount

Plan-year 2024 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 (643 participants).

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.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 391486475 · Mgic Investment Corporation PY 2024 · 401(k)

Mgic Profit Sharing and Savings Plan · $345M · 643 · 96th

  • NET $345M
  • BOOK 643
  • VS-ST 96th
  • BOY 401(k)
  • SCH near Texas Mutual Insurance Company Retirement Savings Plan
  • EBSA ind #1001

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

Kering Americas, Inc. Retirement and Savings PlanKering Americas, Inc. Retire…$345MAbs 401(k) Savings Plan$345MTexas Mutual Insurance Company Retirement Savings PlanTexas Mutual Insurance Compa…$345MMgic Profit Sharing and Savings PlanMgic Profit Sharing and Savi…$345MCoorstek LLC Savings and Investment PlanCoorstek LLC Savings and Inv…$345M
End-of-year total assets ($M) among Mgic Profit Sharing and Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$333M
Net Assets (End of Year)$345M
Net Income$11M
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 -5051015 Total assets ($B) Participants Mgic Profit Sharing and Savings Plan, Total assets ($B): 0.344748506 · Participants: 643Mgic Profit Sharing and Savings PlanAdvocate Aurora Health 401(k) Plan, Total assets ($B): 10.487791739 · Participants: 80015Advocate Aurora Health 401(k) PlanJohnson Controls Retirement Savings and Investment Plan, Total assets ($B): 7.188548319 · Participants: 28489Johnson Controls Retirement Savings and Investment PlanFiserv 401(k) Savings Plan, Total assets ($B): 5.136404794 · Participants: 26372Fiserv 401(k) Savings PlanKimberly-Clark Corporation 401(k) & Profit Sharing Plan, Total assets ($B): 4.988151 · Participants: 11661Kimberly-Clark Corporation 401(k) & Profit Sharing PlanRockwell Automation Retirement Savings Plan, Total assets ($B): 3.765132976 · Participants: 9217Rockwell 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 Texas Mutual Insurance Company Retirement Savings Plan in TX ($345M); by covered participants it is Saalex Solutions, Inc. 401(k) in CA (643 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($345M here).

Similar participant headcount

Nearest other-state filings by covered participants (643 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 Mgic Profit Sharing and Savings Plan assets move in 2024? ▼
Mgic Profit Sharing and Savings Plan edged up modestly - up 3.4% during 2024, from $333M to $345M. Reported net income was $11M.
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 123,622 plans that reported assets for plan year 2024 (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 Texas Mutual Insurance Company Retirement Savings Plan in TX ($345M, 1,034 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 Saalex Solutions, Inc. 401(k) in CA (643 participants, N/A 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 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.