Mag Mutual Insurance 401(k) match, vesting and fees
What Mag Mutual Insurance's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Frazier & Deeter (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 655 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Mag Mutual Insurance: employer contribution per participant | $4,357 | |
| Peer median | $2,935 |
| Mag Mutual Insurance: average balance | $104,559 | |
| Peer median | $92,770 |
| Mag Mutual Insurance: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $43.3M at the end of plan year 2021 to $63.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 630 | $63.8M | $2.7M | $4,357 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 564 | $51.5M | $1.9M | $3,586 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 486 | $39.3M | $1.6M | $3,421 | 0.09% | Not published | Form 5500 ↗ |
| 2021 | 399 | $43.3M | $1.3M | $3,483 | 0.02% | Not published | Form 5500 ↗ |
Other Mag Mutual Insurance plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Mag Mutual Insurance Company Defined Benefit Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Frazier & Deeter, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Mag Mutual Insurance match 401(k) contributions?
The match terms for the Mag Mutual Insurance Company 401k Plan have not been published from its filing yet. The plan year 2024 filing reports $2.7M in employer contributions, about $4,357 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mag Mutual Insurance 401(k) match vested?
The vesting schedule for the Mag Mutual Insurance Company 401k Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mag Mutual Insurance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Mag Mutual Insurance Company.
I left Mag Mutual Insurance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mag Mutual Insurance Company, (404) 842-5621) or the recordkeeper, Newport Group, Inc.. The Mag Mutual Insurance old 401(k) page lists the contacts from every plan filing. Find an old Mag Mutual Insurance 401(k)
Data from the public Form 5500 annual reports Mag Mutual Insurance filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Mag Mutual Insurance. Not financial advice. Report a correction · Methodology