Mag Mutual Insurance Company 401(k) Plan: Login, Facts & Contact Information
Mag Mutual Insurance Company 401(k) Login
203 former Mag Mutual Insurance Company employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2024 filing.
Mag Mutual Insurance Company 401(k) Plan Facts
Source: Form 5500 for plan year 2024 (Jan 1, 2024 â Dec 31, 2024), filed Sep 25, 2025. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2024
- $9.54 million went into the plan in contributions, $2.66 million of it from the employer (28%).
- $4.89 million was paid out to participants.
- Investment and other income added $7.64 million.
- Administrative expenses were $9,142, about $15 per account.
How the Mag Mutual Insurance Company 401(k) changed, 2019â2024
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2019 | 294 | $25.9 million | $944,683 | $3.44 million |
| 2020 | 319 | $31.2 million | $1.16 million | $3.01 million |
| 2021 | 353 | $43.3 million | $1.34 million | $3.48 million |
| 2022 | 409 | $39.3 million | $1.61 million | $2.61 million |
| 2023 | 490 | $51.5 million | $1.93 million | $3.88 million |
| 2024 | 574 | $63.8 million | $2.66 million | $4.89 million |
Mag Mutual Insurance Company 401(k) Contact Information
Questions about the Mag Mutual Insurance Company 401(k)
Does Mag Mutual Insurance Company contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.66 million, 28% of all contributions.
Does the Mag Mutual Insurance Company 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Mag Mutual Insurance Company 401(k) plan?
574 participants at the start of plan year 2024, 426 of them active employees, and 203 former employees who still had money in the plan.
What is the average 401(k) balance at Mag Mutual Insurance Company?
About $104,559 per account: $63.8 million in plan assets across 610 accounts with a balance at the end of plan year 2024.
Who manages the Mag Mutual Insurance Company 401(k) accounts?
Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Mag Mutual Insurance Company. How do I access my 401(k)?
Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.