Defined Benefit (Pension) · DOL Form 5500 · 2024

Magna International of America, Inc. Pension Plan

Data updated 2026-08-25

$151M
Total assets Near avg plan size
494
Participants Below avg headcount
93rd
Percentile by assets National rank
$305,650
Avg per participant High balance/head
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Official DOL plan name: Magna U.S. Consolidated Pension Plan · Sponsored by Magna International of America, Inc. · · Manufacturing

$151M in assets, 494 participants

Magna International of America, Inc.'s Magna U.S. Consolidated Pension Plan reported $151M in total assets and 494 participants in its 2024 DOL Form 5500 filing, ranking in the 93rd 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.

  • #15,897 in Manufacturing (17,777 peers)

Where Magna U.S. Consolidated Pension Plan sits by assets

Magna U.S. Consolidated Pension Plan sits in the top 10% of all filed plans by assets, $151M for 494 participants (~$305,650/participant), down 6.7% in 2024.

#15,897
in Manufacturing (17,777 peers)
-6.7%
assets change YoY
1.5×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Magna U.S. Consolidated Pension Plan's outsized position by total assets

Magna U.S. Consolidated Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$150,991,329 Top 7% higher than 93% 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

Magna U.S. Consolidated Pension 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. Magna U.S. Consolidated Pension Plan sits mid-pack in the medium band (494 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Magna U.S. Consolidated Pension Plan reported net income fell from $4M in the plan year 2023 filing to -$11M in the plan year 2024 filing.
  • Magna U.S. Consolidated Pension Plan end-of-year assets fell from $162M in the plan year 2023 filing to $151M in the plan year 2024 filing.
  • Magna U.S. Consolidated Pension Plan reported participants rose from 472 in the plan year 2023 filing to 494 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 980095901 · Magna International of America, Inc. PY 2024 · Defined Benefit (Pension)

Magna U.S. Consolidated Pension Plan · $151M · 494 · 93rd

  • EOY $151M
  • EOY 494
  • EOY 93rd
  • EOY Defined Benefit (Pension)
  • EOY near Retirement Plan for Employees of Aquarion Company
  • EOY ind #15897

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 →

Magna U.S. Consolidated Pension Plan in the asset neighbourhood

Sisecam US Pension Plan$151MSpx US Pension Plan$151MRetirement Plan for Employees of Aquarion CompanyRetirement Plan for Employee…$151MMagna U.S. Consolidated Pension PlanMagna U.S. Consolidated Pens…$151MCrayola LLC Employee's Retirement PlanCrayola LLC Employee's Retir…$151M
End-of-year total assets ($M) among Magna U.S. Consolidated Pension 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)$162M
Net Assets (End of Year)$151M
Net Income-$11M
Employer EIN980095901
Plan Effective Date2001-10-31
Filing StatusFILING 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
$2.2B$2.4B$2.6B$2.8B 202220232024 $2.26B $2.62B ▲ +15.9%
Year Plans Participants Total Assets
2022 2 23,362 $2.3B
2023 2 25,192 $2.5B
2024 2 25,502 $2.6B

Nearby Defined Benefit (Pension) Plans in

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Magna U.S. Consolidated Pension Plan vs. nearby Defined Benefit (Pension) plans in , assets vs. participants Scatter plot of 6 data points. 050010001500 00.511.5 Total assets ($B) Participants Magna U.S. Consolidated Pension Plan, Total assets ($B): 0.150991329 · Participants: 494Magna U.S. Consolidated Pension PlanTransocean U.S. Retirement Plan, Total assets ($B): 1.158215814 · Participants: 923Transocean U.S. Retirement PlanResolute Fp US Pension Plan, Total assets ($B): 0.640711164 · Participants: 261Resolute Fp US Pension PlanPension Plan for Employees of the Govt of Canada Locally Engaged in the USA-Qualified Pension Plan, Total assets ($B): 0.141912296 · Participants: 333Pension Plan for Employees of the Govt of Canada Locally Engaged in the USA-Qualified Pension PlanDomtar US Hourly Pension Plan, Total assets ($B): 0.13962314 · Participants: 1206Domtar US Hourly Pension PlanAir Canada U.S. Pension Plan, Total assets ($B): 0.138280125 · Participants: 205Air Canada U.S. Pension Plan
Magna U.S. Consolidated Pension Plan vs. nearby Defined Benefit (Pension) plans in , assets vs. participants
Compare Magna U.S. Consolidated Pension Plan side-by-side with 3 peers →

Magna U.S. Consolidated Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside this state, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Employees of Aquarion Company in CT ($151M); by covered participants it is Teamsters Local No. 35 Pension Plan in NJ (494 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($151M here).

Similar participant headcount

Nearest other-state filings by covered participants (494 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 Magna U.S. Consolidated Pension Plan assets move in 2024? ▼
Magna U.S. Consolidated Pension Plan pulled back noticeably - down 6.7% during 2024, from $162M to $151M. Reported net income was -$11M.
How have Magna International of America, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Magna International of America, Inc.'s sponsor-wide assets grew 15.9%, from $2.3B to $2.6B.
Where does Magna U.S. Consolidated Pension Plan rank by assets among Form 5500 filers? ▼
Magna U.S. Consolidated Pension Plan ranks in the 93rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Magna U.S. Consolidated Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Employees of Aquarion Company in CT ($151M, 126 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Magna U.S. Consolidated Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Teamsters Local No. 35 Pension Plan in NJ (494 participants, $49M 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 980095901.

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.