MAG SAVINGS PLAN

At the end of 2022, the total retirement plan assets of MAG SAVINGS PLAN is $53,088,846.This plan was established in 1990.

At the end of 2022, the total number of retirement plan participants in MAG SAVINGS PLAN is 374

In 2022, the average participant retirement account value for MAG SAVINGS PLAN is $141,948

In 2022, the estimated average employee contribution amount per participant for MAG SAVINGS PLAN is $5,507

In 2022, the estimated average employer match for an employee in MAG SAVINGS PLAN is approximately $3,281

In 2022, MAG SAVINGS PLAN allocates $1,227,232 to match its employees’ contributions, providing an employer match rate of 57.95% of their contributions

In 2022, the total retirement plan asset growth rate of MAG SAVINGS PLAN is -20.00%

In 2022, the estimated aggregate retirement account investment gain/loss for MAG SAVINGS PLAN is -17.12%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of MAG SAVINGS PLAN is 0.08%.

Enrollment Features

MAG SAVINGS PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.