401K
Important: The information on this page reflects the 2026 benefits plan year. If you are looking for information about 2027 benefits and Open Enrollment, please visit the 2027 Open Enrollment page.
Create or Manage Your Account
Click "Invest & Retire"
Click "Enroll in your 401(k) Plan"
Click "Get Started"
Follow the prompts to complete the registration process and make changes to your account.
Learn more
Our Plans
Magna helps you save for life after work with a 401(k) retirement plan.
Here's how it works:
- You’re automatically enrolled at 6% of your pay after 30 days.
- You can change your savings amount anytime—even to 0%.
- You can choose to save pre-tax, Roth after-tax, or voluntary after-tax.
- You can save 1% to 50% of your pay each pay period.
*Union employee provisions may be different – Consult with your Collective Bargaining Agreement”
Magna helps you save more:
After 6 months, Magna gives you 3% of your pay—even if you don’t save anything.
Plus, Magna matches 50% of the first 6% you save. That’s free money for your future!