Magna International Employee Benefit: 401K Plan | Glassdoor

Magna International 401K Plan

68 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 20
  • Aug 06, 2019
    StarStarStarStarStar Current Employee in Plymouth, Michigan

    Contribution matching up to 6%

  • Jul 10, 2019
    StarStarStarStarStar Former Project Controller in Piedmont, South Carolina

    doesn't start until 6 months in

  • Mar 21, 2019
    StarStarStarStarStar Former Employee in Bowling Green, Kentucky

    Good match I believe 4%

  • Jan 04, 2019
    StarStarStarStarStar Current Senior Program Manager in Novi, Michigan

    Great overall 401 k Plan.

  • Oct 17, 2018
    StarStarStarStarStar Current Quality Engineer in Auburn Hills, Michigan

    They match 3% for every 6% you put in

  • Jul 02, 2018
    StarStarStarStarStar Current Employee in Grand Rapids, Michigan

    Magna makes a significant contribution in terms of 401k matching. I am currently investing the minimum amount to collect the maximum employer contribution and I will be ready for retirement at age 51.

  • Jun 18, 2017
    StarStarStarStarStar Former Employee in Holly, Michigan

    Not enough choices but there are targeted plans and no requirements to take company stock. The choices do allow diversification and adaptable levels of risk - they just aren't top performers.

  • Jan 27, 2017
    StarStarStarStarStar Current Purchasing Manager in Detroit, Michigan

    50% match on first 6%

  • Nov 29, 2016
    StarStarStarStarStar Current Technical Coordinator in New Hudson, Michigan

    standard matching for 401k. gives you a little control on how much to pay

  • May 22, 2016
    StarStarStarStarStar Former Department Manager in Boyne City, Michigan

    The 401 K plan was great no issues

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