Defined Benefit (Pension) · DOL Form 5500 · 2024

Mgic Investment Corporation Pension Plan

Data updated 2026-08-25

$401M
Total assets Above avg plan size
594
Participants Below avg headcount
97th
Percentile by assets National rank
$675,629
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mgic Pension Plan · Sponsored by Mgic Investment Corporation · Wisconsin · Management of Enterprises

$401M in assets, 594 participants

Mgic Investment Corporation's Mgic Pension Plan reported $401M in total assets and 594 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

  • #1,014 in Management of Enterprises (1,133 peers)

Where Mgic Pension Plan sits by assets

Mgic Pension Plan sits in the top 5% of all filed plans by assets, $401M for 594 participants (~$675,629/participant), up 2.4% in 2024.

#1,014
in Management of Enterprises (1,133 peers)
+2.4%
assets growth YoY
4.0×
vs typical plan assets (national mean)

Mgic Pension Plan's outsized position by total assets

Mgic Pension Plan vs every filed plan by assets

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

$401,323,401 Top 3% higher than 97% 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 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. Mgic Pension Plan sits mid-pack in the medium band (594 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mgic Pension Plan reported net income fell from $25M in the plan year 2023 filing to $9M in the plan year 2024 filing.
  • Mgic Pension Plan reported participants fell from 692 in the plan year 2023 filing to 594 in the plan year 2024 filing.
  • Mgic Pension Plan end-of-year assets rose from $392M in the plan year 2023 filing to $401M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 391486475 · Mgic Investment Corporation PY 2024 · Defined Benefit (Pension)

Mgic Pension Plan · $401M · 594 · 97th

  • EOY $401M
  • EOY 594
  • EOY 97th
  • EOY Defined Benefit (Pension)
  • EOY near International Association Pension Plan
  • EOY ind #1014

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 Pension Plan in the asset neighbourhood

St. Paul Electrical Construction Pension PlanSt. Paul Electrical Construc…$402MEmployees' and Agents' Pension Benefits Plan Empower Holdings, LLC.Employees' and Agents' Pensi…$402MDow Employees' Pension Plan (Personal Pension Account)Dow Employees' Pension Plan …$401MInternational Association Pension PlanInternational Association Pe…$401MMgic Pension Plan$401M
End-of-year total assets ($M) among Mgic 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)$392M
Net Assets (End of Year)$400M
Net Income$9M
Employer EIN391486475
Plan Effective Date1985-11-01
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 Defined Benefit (Pension) Plans in Wisconsin

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

Mgic Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants Scatter plot of 6 data points. 050001000015000 01234 Total assets ($B) Participants Mgic Pension Plan, Total assets ($B): 0.401323401 · Participants: 594Mgic Pension PlanBuilding Trades United Pension Trust Fund Milwaukee and Vicinity, Total assets ($B): 3.531588718 · Participants: 10236Building Trades United Pension Trust Fund Milwaukee and VicinityThe Northwestern Mutual Employee Retirement Plan, Total assets ($B): 3.254287792 · Participants: 8254The Northwestern Mutual Employee Retirement PlanThe Northwestern Mutual Life Insurance Company Agents Retirement Plan, Total assets ($B): 2.075823689 · Participants: 7653The Northwestern Mutual Life Insurance Company Agents Retirement PlanHarley-Davidson Retirement Plan, Total assets ($B): 1.851962731 · Participants: 1414Harley-Davidson Retirement PlanNorth Central States Regional Council of Carpenters Pension Fund, Total assets ($B): 1.83166949 · Participants: 5105North Central States Regional Council of Carpenters Pension Fund
Mgic Pension Plan vs. nearby Defined Benefit (Pension) plans in Wisconsin, assets vs. participants
Compare Mgic Pension Plan side-by-side with 3 peers →

Mgic Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Wisconsin, the nearest Defined Benefit (Pension) by assets is International Association Pension Plan in IL ($401M); by covered participants it is Integris Health, Inc Retirement Plan B in OK (594 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (594 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 Pension Plan assets move in 2024? ▼
Mgic Pension Plan edged up modestly - up 2.4% during 2024, from $392M to $401M. Reported net income was $9M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Mgic Pension Plan ranks in the 97th 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 Defined Benefit (Pension) plans are similar in size to Mgic Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is International Association Pension Plan in IL ($401M, 768 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Mgic Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Integris Health, Inc Retirement Plan B in OK (594 participants, $26M 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.