Magna International of America, Inc.
69
Plan:
The Magna Group of Companies Retirement Savings Plans
41
70
85
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 16 point difference between this plan's BrightScope Rating (69) and the top rated plan (85) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $41,200 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
The Magna Group of Companies Retirement Savings Plans is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 69. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. The Magna Group of Companies Retirement Savings Plans currently has over 17,100 active participants and over $748.8M in plan assets.
Retirement Plan Details
| Address | None |
| Industry | Manufacturing |
| Administrator | Mary Defranco |
| Sponsor | Arthur Fabbro |
| Net Plan Assets | $749,000,000 |
| Total Participants | 17,000 |
| Avg Account Balance | $45,000 |
Compare Other Companies in Peer Group
| BorgWarner | 79.0 |
| Navistar | 75.1 |
| American Honda Motor Company | 74.7 |
| Hawker Beechcraft | 72.1 |
| Oshkosh | 67.6 |
| Delphi | 59.3 |
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