2023 Form 5500 filing — The Magna Group Of Companies Retirement Savings Plans
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241013081118NAL0025731409005) for The Magna Group Of Companies Retirement Savings Plans, reported by Magna International Of America, Inc. under EIN 98-0095901 and plan number 002. It reports 32,119 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241013081118NAL0025731409005
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Magna International Of America, Inc.
- EIN
- 98-0095901
- Plan number
- 002
- Location
- not reported in the loaded dataset
- Participants
- 32,119
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,371,823,799
- Net assets (EOY)
- $2,371,823,799
- Employer contributions
- $73,485,897
- Participant contributions
- $119,087,985
- Total income / additions
- $518,764,890
- Benefits paid
- $247,381,502
- Administrative expenses
- $2,558,793
- Total expenses
- $250,101,788
- Net increase / (decrease)
- $268,663,102
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $2,122,297 | $0 |
| Capfinancial Partners LLC | INVESTMENT ADVISOR | $153,782 | not reported in the loaded dataset |
| Bdo Usa, P.A. | AUDITOR | $95,724 | not reported in the loaded dataset |
| Dickinson Wright Pllc | LEGAL | $20,707 | $4,123 |
| Morningstar Investment Management | INVESTMENT ADVISOR | $0 | $0 |