401K
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!