Magna International 401K Plan

76 employees reported this benefit
3.7
21 Ratings

Employer Summary

Employer Verified Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 21
Nov 4, 2019
Current Employee in Troy, Michigan

Matching up to 6% (I believe)

Aug 6, 2019
Current Employee in Plymouth, Michigan

Contribution matching up to 6%

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

doesn't start until 6 months in

Mar 21, 2019
Former Employee in Bowling Green, Kentucky

Good match I believe 4%

Jan 4, 2019
Current Senior Program Manager in Novi, Michigan

Great overall 401 k Plan.

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

They match 3% for every 6% you put in

Jul 2, 2018
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
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
Current Purchasing Manager in Detroit, Michigan

50% match on first 6%

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

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

Viewing 1-10 of 21