Mgic Investment Corporation401(k)
MGIC PROFIT SHARING AND SAVINGS PLAN · MILWAUKEE, WI · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Mgic Investment Corporation reported $11,306 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $13,987 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio has held roughly steady near 0.003%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 90th-largest of 1,936 plans among Wisconsin employers on file, and the 108th of 786 in management of companies. In 2024, employees put in $1.12 for every $1.00 the employer contributed; active participation has shrunk from 693 to 570 since 2022.
Mgic Investment Corporation's 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 391486475 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.