401(k) · DOL Form 5500 · 2024
Magna International of America, Inc. 401(k) Plan
Data updated 2026-08-25
- $2.5B
- Total assets Very large vs avg
- 25,008
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $98,773
- Avg per participant Below avg balance/head
Official DOL plan name: The Magna Group of Companies Retirement Savings Plans · Sponsored by Magna International of America, Inc. · · Manufacturing
$2.5B in assets, 25,008 participants
Magna International of America, Inc.'s The Magna Group of Companies Retirement Savings Plans reported $2.5B in total assets and 25,008 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.
- #17,575 in Manufacturing (17,777 peers)
Where The Magna Group of Companies Retirement Savings Plans sits by assets
The Magna Group of Companies Retirement Savings Plans sits among the largest 1% of all filed plans, $2.5B for 25,008 participants (~$98,773/participant), up 4.1% in 2024.
- #17,575
- in Manufacturing (17,777 peers)
- +4.1%
- assets growth YoY
- 25×
- vs typical plan assets (national mean)
The Magna Group of Companies Retirement Savings Plans's outsized position by total assets
The Magna Group of Companies Retirement Savings Plans vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$2,470,105,136 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Magna Group of Companies Retirement Savings Plans's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Magna Group of Companies Retirement Savings Plans is a mega filing (25,008 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Magna Group of Companies Retirement Savings Plans reported net income fell from $269M in the plan year 2023 filing to $98M in the plan year 2024 filing.
- The Magna Group of Companies Retirement Savings Plans end-of-year assets rose from $2.4B in the plan year 2023 filing to $2.5B in the plan year 2024 filing.
- The Magna Group of Companies Retirement Savings Plans reported participants rose from 24,720 in the plan year 2023 filing to 25,008 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 980095901 · Magna International of America, Inc. PY 2024 · 401(k)
The Magna Group of Companies Retirement Savings Plans · $2.5B · 25,008 · 99th
- TYPE $2.5B
- NET 25,008
- BOOK 99th
- VS-ST 401(k)
- BOY near Stanley Black & Decker Retirement Account Plan
- SCH ind #17575
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 Manufacturing retirement plans →
The Magna Group of Companies Retirement Savings Plans in the asset neighbourhood
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $2.4B |
|---|---|
| Net Assets (End of Year) | $2.5B |
| Net Income | $98M |
| Employer EIN | 980095901 |
| Plan Effective Date | 1992-08-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Magna International of America, Inc.)
Sponsor-wide plan assets over time
All Magna International of America, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $2.6B 15.912788936122595% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 23,362 | $2.3B |
| 2023 | 2 | 25,192 | $2.5B |
| 2024 | 2 | 25,502 | $2.6B |
Nearby 401(k) Plans in
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Transcanada 401(k) and Savings Plan $1.1B · 3,435
- Four Seasons Hotels Retirement Benefit Plan $979M · 15,818
- Transocean U.S. Savings Plan $839M · 2,151
- Retirement Plan for Employees of Scotiabank U. S. 401(k) $493M · 1,430
- Accor 401(k) Plan $373M · 6,337
Scale composition for The Magna Group of Companies Retirement Savings Plans
The Magna Group of Companies Retirement Savings Plans reports $2.5B in end-of-year assets across 25,008 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 covered participants) - about $98,773 per participant (71% of the national average assets-per-participant) . Net income for plan year 2024 was $98M.
This plan identity (EIN 980095901, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.1B to $2.5B (+17.4%) while covered participants moved from 22,890 to 25,008 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 22,890 | $2.1B | Open filing |
| 2023 | 24,720 | $2.4B | Open filing |
| 2024 · index core | 25,008 | $2.5B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Magna U.S. Consolidated Pension Plan (Defined Benefit (Pension), $151M, 494 participants)
The Magna Group of Companies Retirement Savings Plans's out-of-state 401(k) peers by assets and headcount
Outside this state, the nearest 401(k) by assets is Stanley Black & Decker Retirement Account Plan in CT ($2.5B); by covered participants it is American Express Retirement Savings Plan in NY (25,030 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.5B here).
- Stanley Black & Decker Retirement Account Plan (CT) $2.5B · 18,386
- The Goodyear Tire & Rubber Company Employee Savings Plan for Salaried Employees (OH) $2.5B · 9,969
- Netjets Aviation, Inc. 401(k) Retirement Plan (OH) $2.5B · 3,527
- Western Digital Corporation 401(k) Plan (CA) $2.5B · 6,558
Similar participant headcount
Nearest other-state filings by covered participants (25,008 participants); asset peers above are excluded.
- American Express Retirement Savings Plan (NY) 25,030 · 22 off
- Stryker Corporation 401(k) Savings and Retirement Plan (MI) 25,035 · 27 off
- Iowa Health System Section 401(k) Retirement Savings Plan (IA) 25,072 · 64 off
- Magnit Global Solutions, Inc. and Subsidiaries 401(k) Employee Savings Plan (CA) 25,100 · 92 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.