Current and former employees report that Magna International provides the following benefits. It may not be complete.
Showing 1–10 of 135 comments
“overall good set of benefits ”
“overall a good package, 401k or roth options, with company match and profit sharing ”
“average time off, 2 weeks to start ”
Solid, vacation could be a little better but that's all
overall the benefits are good
Health insurance, 401k, profit sharing
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.
Great health, dental, and vision insurance and a great 401k plan
Good yearly bonuses and profit sharing programs.
The dental could be better
Full health care coverage, including dental and vision.
Well rounded but not competitive with today’s market.
They have great all around benefits