Magna International Benefits

4.1
135 Ratings

Which benefits does Magna International provide?

Current and former employees report that Magna International provides the following benefits. It may not be complete.

Insurance, Health & WellnessFinancial & RetirementFamily & ParentingVacation & Time OffPerks & DiscountsProfessional Support

Insurance, Health & Wellness

Health Insurance
4.2
33 Ratings
2.8
4 Ratings
3.0
3 Ratings
3.0
3 Ratings
1.0
1 Rating

Financial & Retirement

3.7
23 Ratings
1.5
2 Ratings
3.5
2 Ratings
1.0
1 Rating

Family & Parenting

2.0
2 Ratings
1.0
1 Rating

Vacation & Time Off

3.3
17 Ratings
3.0
6 Ratings
2.5
2 Ratings
2.0
2 Ratings

Perks & Discounts

3.5
8 Ratings
1.0
3 Ratings
4.0
2 Ratings
2.0
2 Ratings

Professional Support

1.8
4 Ratings
1.0
2 Ratings

Employee Benefit Reviews

Showing 1–10 of 135 comments

Most Commented

  • Health Insurance(42 comments)

    overall good set of benefits

  • 401K Plan(28 comments)

    overall a good package, 401k or roth options, with company match and profit sharing

  • Vacation & Paid Time Off(18 comments)

    average time off, 2 weeks to start

Apr 8, 2022
4.0
Current Production Superintendent in Sterling Heights, MI, Michigan

Solid, vacation could be a little better but that's all

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Apr 5, 2022
4.0
Current manager in Chicago, IL, Illinois

overall the benefits are good

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Mar 18, 2022
5.0
Current Employee

Health insurance, 401k, profit sharing

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Mar 14, 2022
4.0
Current Employee

Overall competitive and comprehensive benefits package. I would rate health benefits as above average. Medical insurance is a PPO and the company has been effective at keeping employee contribution increases under control. Dental, prescription and vision plan benefits included. Annual bonus is good with a standard company-wide bonus based on company performance and length of service, along with a potential second discretionary bonus from the business unit. 401k plan is more average (50% employer match on contributions up to 6% of salary). PTO accrual based on length of service is average, but many office locations get an above average number of paid holiday days. Additional smaller benefits include employee discounts to various retailers and service providers, supplier discount for car purchases of course. These can add up if you take advantage.

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Feb 26, 2022
5.0
Current Operator in Columbia, TN, Tennessee

Great health, dental, and vision insurance and a great 401k plan

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Feb 25, 2022
4.0
Current Employee

Good yearly bonuses and profit sharing programs.

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Feb 11, 2022
5.0
Former Production Operator in Columbia, TN, Tennessee

The dental could be better

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Jan 18, 2022
4.0
Current Employee

Full health care coverage, including dental and vision.

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Jan 28, 2022
3.0
Current Employee

Well rounded but not competitive with today’s market.

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Dec 24, 2021
5.0
Current Employee

They have great all around benefits

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Viewing 1 - 10 of 135 Reviews

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