# Mgic Investment Corporation DB Plan
Source: https://planprovider.pro/companies/mgic-investment-corporation-plan-001

> Mgic Investment Corporation's DB plan: 506 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| WILLIS TOWERS WATSON|ACTUARY, ADMINISTRATOR|$1,036,650|—|$1,036,650|

| WELLINGTON MANAGEMENT|INVESTMENT MANAGEMENT|$946,961|—|$946,961|

| U.S. BANK|RECORD KEEPER TRUSTEE|$96,313|—|$96,313|

| CLIFTONLARSONALLEN LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WILLIS TOWERS WATSON](https://planprovider.pro/provider/lincoln-financial-group) — ACTUARY, ADMINISTRATOR

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,079,924

- **Estimated Expense Ratio:** 0.518% of plan assets

### 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|—|—|

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