Plan Snapshot
- Plan Sponsor: Mgic Investment Corporation
- Sponsor EIN: 391486475
- Sponsor Address: 250 E KILBOURN AVE, MILWAUKEE, WI, 53202
- Plan Type: DB
- Total Participants: 506
- Total Assets: $401.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 506 | $401.3M | $7.5M | $0 |
| 2023 | 594 | $391.9M | $23.0M | $0 |
| 2022 | 692 | $367.5M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $3,021,704 | $968,444 | — | — | — |
| 2023 | $3,790,612 | $926,353 | — | — | — |
| 2022 | $4,685,844 | $1,244,210 | $3,441,634 | — | — |