Magna International of America 401(k) and pension plans

Magna International of America, Inc.. EIN 98-0095901. Annual reports 2009–2024. Also filed as Magna Mirrors of America, Inc.; Magna International of America, Inc; Magna International, Inc.

Magna International of America, Inc. has 2 active retirement plans on file. The largest is the The Magna Group of Companies Retirement Savings Plans, with 31,327 participants and $2.5 billion in assets in 2024. Principal has been its recordkeeper since 2009.

Active plans: 2
Participants: 34,988
Plan assets: $2.6 billion
401(k) recordkeeper: Principal
Plans on file: 3
Industry: Manufacturing

All 3 plans

Active plans first

The Magna Group of Companies Retirement Savings Plans

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 002Employer EIN 98-0095901
Participants (2024): 31,327
Net assets (2024): $2.5 billion
Recordkeeper: Principal2009–2024
Plan administrator: Magna International of America, Inc.
(905) 726-7345As filed for 2024
In effect since: August 1, 1992

Plans merged into this one: New Process Gear, Inc. Deferred Pay Plan for Uaw-Represented Employees (2014).

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	31,327	$2.5 billion	Principal
2023	31,296	$2.4 billion	Principal
2022	30,709	$2.1 billion	Principal
2021	28,027	$2.6 billion	Principal
2020	27,329	$2.3 billion	Principal
2019	27,978	$2.0 billion	Principal
2018	28,094	$1.7 billion	Principal
2017	25,603	$1.8 billion	Principal
2016	23,970	$1.4 billion	Principal
2015	22,245	$1.2 billion	Principal
2014	21,792	$1.4 billion	Principal
2013	19,991	$1.2 billion	Principal
2012	18,848	$890 million	Principal
2011	17,807	$726 million	Principal
2010	17,139	$765 million	Principal
2009	16,477	$611 million	Principal

Magna U.S. Consolidated Pension Plan

Pension (defined benefit), frozenActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 005Employer EIN 98-0095901
Participants (2024): 3,661
Net assets (2024): $151 million
Plan administrator: Magna International of America, Inc.
(905) 726-7345As filed for 2024
In effect since: October 31, 2001

Plans merged into this one: Magna U.S. Combined Pension Plan (2017).

Earlier sponsor: Magna International, Inc (2009–2016).

Earlier plan names: Pension Plan for U.S. Employees of Magna International.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	3,661	$151 million	not listed
2023	4,097	$162 million	not listed
2022	4,054	$158 million	not listed
2021	4,476	$227 million	not listed
2020	4,511	$234 million	not listed
2018	4,621	$192 million	not listed
2017	343	$7.3 million	not listed
2016	381	$4.6 million	not listed
2015	414	$4.9 million	not listed
2014	440	$5.6 million	not listed
2013	450	$5.7 million	not listed
2012	460	$5.4 million	not listed
2011	476	$5.3 million	not listed
2010	490	$5.5 million	not listed
2009	523	$5.4 million	not listed

Magna U.S. Combined Pension Plan

Pension (defined benefit), frozenMerged

Merged. In 2017 its assets moved to the Magna U.S. Consolidated Pension Plan, sponsored by Magna International of America, Inc. (EIN 98-0095901, plan 005). Accounts moved with them, so that plan is the one to contact.

Plan number: 004Employer EIN 98-0095901
Participants (2016): 2,351
Net assets (2016): $147 million
Plan administrator: Magna International of America, Inc.
(905) 726-7345As filed for 2017
In effect since: April 1, 1959

Plans merged into this one: New Process Gear, Inc. Pension Plan (2017).

Earlier sponsor: Magna Mirrors of America, Inc. (2009–2016).

Earlier plan names: Donnelly Corporation Employees' Retirement Plan.

Year by year, 2009 to 2017

Plan year	Participants	Net assets	Recordkeeper
2017	0	$0	not listed
2016	2,351	$147 million	not listed
2015	3,023	$124 million	not listed
2014	3,040	$124 million	not listed
2013	3,095	$123 million	not listed
2012	3,126	$110 million	not listed
2011	3,145	$104 million	not listed
2010	3,166	$107 million	not listed
2009	3,198	$93.7 million	not listed

If you had money in one of these plans

Call Principal (principal.com), which runs the The Magna Group of Companies Retirement Savings Plans. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((905) 726-7345). That number was filed for 2024; ask for the benefits or retirement plan office.
If your plan was merged, your account moved with it. Follow the link on the plan to the plan it went into, and contact that one.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.