Assets by plan
Share of aggregate retirement assets
Sponsor portfolio
MAGNA INTERNATIONAL OF AMERICA, INC.
EIN 98-0095901ManufacturingLatest filing 2024
Plans
6
Retirement
2
$2.62B assets
Welfare
4
$18.0M premiums
Participants
144,557
Retirement portfolio analytics
2 plans aggregated / $2.62B assets / 34,988 participantsParticipants by plan
Active + retired + deferred vested
Benefits portfolio analytics
4 plans / $18.0M premiums / 71,945 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Long-term disability$8.3M
- Other$7.9M
- Life$7.6M
- Vision$1.9M
Carrier market share
Premium dollars by Schedule A carrier
88%top
- HARTFORD LIFE AND ACCIDENT88%
- VISION SERVICE PLAN10%
- WORKPLACE OPTIONS1%
- NORTHWESTERN MUTUAL0%
Broker market share
Schedule A broker compensation
55%top
- MARSH & MCLENNAN AGENCY LLC55%
- WILLIS TOWERS WATSON US LLC45%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#002
THE MAGNA GROUP OF COMPANIES RETIREMENT SAVINGS PLANS
401k
Assets$2.47B
Participants31,327
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#005
MAGNA U.S. CONSOLIDATED PENSION PLAN
TraditionalDB
Assets$151.0M
Participants3,661
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#510
MAGNA INTERNATIONAL OF AMERICA, INC. LONG TERM DISABILITY PLAN
Fully Insured - HARTFORD LIFE AND ACCIDENT
Premiums$8.3M
Covered lives21,884
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#511
MAGNA INTERNATIONAL OF AMERICA, INC. LIFE INSURANCE PLAN
Fully Insured - HARTFORD LIFE AND ACCIDENT
Premiums$7.6M
Covered lives24,648
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#502
MAGNA INTERNATIONAL OF AMERICA, INC CONSOLIDATED PLAN 1 EMPLOYEE WELFARE BENEFIT PLAN
Mixed - VISION SERVICE PLAN
Premiums$2.1M
Covered lives25,409
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#002
THE MAGNA GROUP OF COMPANIES RETIREMENT SAVINGS PLANS
Fully Insured - NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
Premiums$497
Covered lives4
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans2
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 002 | THE MAGNA GROUP OF COMPANIES RETIREMENT SAVINGS PLANS | 401k | $2.47B | 31,327 | 2024 | |
| 005 | MAGNA U.S. CONSOLIDATED PENSION PLAN | TraditionalDB | $151.0M | 3,661 | 2024 |
Welfare plans4
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 510 | MAGNA INTERNATIONAL OF AMERICA, INC. LONG TERM DISABILITY PLAN | Fully Insured | HARTFORD LIFE AND ACCIDENT | $8.3M | 21,884 | 2024 | |
| 511 | MAGNA INTERNATIONAL OF AMERICA, INC. LIFE INSURANCE PLAN | Fully Insured | HARTFORD LIFE AND ACCIDENT | $7.6M | 24,648 | 2024 | |
| 502 | MAGNA INTERNATIONAL OF AMERICA, INC CONSOLIDATED PLAN 1 EMPLOYEE WELFARE BENEFIT PLAN | Mixed | VISION SERVICE PLAN | $2.1M | 25,409 | 2024 | |
| 002 | THE MAGNA GROUP OF COMPANIES RETIREMENT SAVINGS PLANS | Fully Insured | NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY | $497 | 4 | 2024 |
Retirement plans
Welfare plans