The Magna Group Of Companies Retirement Savings Plans — Form 5500 plan (Magna International Of America, Inc.)
Plain-English plan 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, The Magna Group Of Companies Retirement Savings Plans is a benefit plan reported by Magna International Of America, Inc. under EIN 98-0095901 and plan number 002. The latest loaded filing year is 2023. The filing reports 32,119 participants and $2,371,823,799 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Magna International Of America, Inc.
- EIN
- 98-0095901
- Plan number
- 002
- Plan type
- 2
- Location
- not reported in the loaded dataset
- Latest filing year
- 2023
- Participants
- 32,119
- End-of-year plan assets
- $2,371,823,799
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 32,119 | H, C | 20241013081118NAL0025731409005 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $2,371,823,799
- Net assets (EOY)
- $2,371,823,799
- Net assets (BOY)
- $2,103,160,697
Income & contributions
- Employer contributions
- $73,485,897
- Participant contributions
- $119,087,985
- Total contributions
- $206,202,287
- Total income / additions
- $518,764,890
Expenses & distributions
- Benefits paid
- $247,381,502
- Administrative expenses
- $2,558,793
- Total expenses
- $250,101,788
- Net increase / (decrease)
- $268,663,102
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $2,122,297 | $0 | 2023 |
| Capfinancial Partners LLC | INVESTMENT ADVISOR | $153,782 | not reported in the loaded dataset | 2023 |
| Bdo Usa, P.A. | AUDITOR | $95,724 | not reported in the loaded dataset | 2023 |
| Dickinson Wright Pllc | LEGAL | $20,707 | $4,123 | 2023 |
| Morningstar Investment Management | INVESTMENT ADVISOR | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Magna International Of America, Inc.
- 2023 Form 5500 filing
- Principal Life Insurance Company — Schedule C compensation
- Capfinancial Partners LLC — Schedule C compensation
- Bdo Usa, P.A. — Schedule C compensation
- Dickinson Wright Pllc — Schedule C compensation
- Morningstar Investment Management — Schedule C compensation