2023 Form 5500 filing — Mgic Pension Plan
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 20241014173015NAL0027986225001) for Mgic Pension Plan, reported by Mgic Investment Corporation under EIN 39-1486475 and plan number 001. It reports 1,803 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014173015NAL0027986225001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Mgic Investment Corporation
- EIN
- 39-1486475
- Plan number
- 001
- Location
- Milwaukee, WI
- Participants
- 1,803
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $391,903,189
- Total liabilities (EOY)
- $321,269
- Net assets (EOY)
- $391,581,920
- Employer contributions
- $23,000,000
- Total income / additions
- $72,158,516
- Benefits paid
- $43,867,419
- Administrative expenses
- $3,790,612
- Total expenses
- $47,658,031
- Net increase / (decrease)
- $24,500,485
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Willis Towers Watson | ACTUARY, ADMINISTRATOR | $1,285,046 | not reported in the loaded dataset |
| Wellington Management | INVESTMENT MANAGEMENT | $966,985 | not reported in the loaded dataset |
| U.S. Bank | RECORD KEEPER TRUSTEE | $90,791 | not reported in the loaded dataset |