Magnera Corp 401(k): Fidelity, match fully vested after 5 years
Magnera Corporation 401(k) Savings Plan · MAGN · CIK 41719
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
The 401(k) employer match
Not stated in this filing
Magnera Corp's Form 11-K does not state a 401(k) match formula and defers to the plan document.
From the Form 11-K filed June 29, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Magnera puts in, and what the plan costs
What Magnera put into the plan, per active participant
$3.84
Magnera Corp put $3.84 into this plan for each of its 633 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Nothing among plans with 1,000–4,999 participants in industrial and materials manufacturing put in less per active participant than Magnera. The middle plan in that group of 766 reported $2,514. Industrial and materials manufacturing comes from business code 322100, which Magnera entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Magnera pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 230628360, plan 017 · DOL EFAST2 ↗
What Magnera puts in
Not stated in the filing
The filing does not disclose a match formula.
The Form 5500 for this plan reports what Magnera actually paid in: the figure and its peer comparison are above. It is the whole employer side of the plan on one line, so it answers what went in rather than what the formula promises.
Two places state the terms in full: your plan’s Summary Plan Description, which your employer must provide on request, and your recordkeeper’s site, which for this plan is Fidelity NetBenefits ↗.
What you contribute to collect all of it
Not stated in the filing
The filing does not state the contribution rate that collects the full employer contribution.
Vesting score
50 out of 100
How fast the employer’s money becomes yours. Higher than 3% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 25%, 50%, 75%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“For Corporate Group employees, Company matching contributions are subject to a graded vesting schedule through which a participant becomes fully vested after attaining five years of service as follows:”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
62nd percentile
$104.34 per participant in plan-paid administrative cost, more expensive than 62% of plans with 1,000–4,999 participants.
What is Magnera's 401(k) match formula?
Magnera's Form 11-K does not disclose a 401(k) match formula and defers to the plan document. How a match formula is built sets out the parts to look for in your own plan documents.
| Paid in company stock | No, paid in cash or per your investment elections |
|---|---|
| Conditions | The Notes to Financial Statements reference 'Company matching contributions' subject to a graded vesting schedule, but the Contributions note does not state a matching rate or formula tied to employee deferrals. The only employer contribution rate disclosed is the Discretionary Contribution described in other_employer_contributions. |
| Other employer contribution | Discretionary non-elective contribution to all participants ('Discretionary Contribution'), eligible after completing 30 days of service, funded partly from the Replacement Suspense Account: 3% of eligible wages in 2025 and 7% of eligible wages in 2024 |
What the filing says, word for word
“For Corporate Group employees, Company matching contributions are subject to a graded vesting schedule through which a participant becomes fully vested after attaining five years of service as follows:”
Source: Form 11-K filed June 29, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Magnera's 401(k) vesting schedule?
Magnera vests the employer match on a graded schedule: 25% after two years, rising to 100% after five. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded: 25% at 2 yr, 50% at 3 yr, 75% at 4 yr, 100% at 5 yr |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | For all participants, the Company Discretionary Contributions are 100% vested after three years. |
Vesting, word for word
“For Corporate Group employees, Company matching contributions are subject to a graded vesting schedule through which a participant becomes fully vested after attaining five years of service as follows:”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who can join Magnera's 401(k), and is enrollment automatic?
Magnera enrolls new hires automatically at 6% of pay.
| Plan entry | An employee is eligible to become a participant in the Plan on the first day of the calendar month coinciding with or next following the date eligibility requirements are met (the Plan covers eligible employees who have completed 30 days of service). |
|---|---|
| Automatic enrollment | Yes: default deferral 6% of pay; default investment: designated balanced fund |
Eligibility, word for word
“Participation – An employee is eligible to become a participant in the Plan on the first day of the calendar month coinciding with or next following the date eligibility requirements are met.”
Automatic enrollment, word for word
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the Magnera plan report on Form 5500?
The Magnera plan reported $142.7M in assets and 1,269 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Magnera Corporation 401(k) Savings Plan |
|---|---|
| Total plan assets | $142,662,852 |
| Participants | 1,269 |
| Plan-paid admin cost per participant | $104.34 |
How that cost compares
This plan pays $104.34 per participant. The median across plans in industrial and materials manufacturing is $142.19, from the 5,709 of 6,008 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Magnera Corporation 401(k) Savings Plan, which has no page of its own here.
How does Magnera's 401(k) match compare?
Magnera Corp's filing does not state a maximum 401(k) match as a share of pay. Across the 269 companies in our data that do, the median is 4% of pay.
Employers worth reading next
Of the six employers below, three file in industrial and materials manufacturing, two report the same recordkeeper and one vests on the same schedule.
Match vests in steps, 100% after 5 years. Also in industrial and materials manufacturing.
Employer match vests immediately. Also in industrial and materials manufacturing.
Employer match vests immediately. Also in industrial and materials manufacturing.
No employer match in the filing. Same recordkeeper, Fidelity Investments.
Employer match vests immediately. Same recordkeeper, Fidelity Investments.
Match vests in steps, 100% after 5 years. Also fully vested after 5 years, like Magnera.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 29, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Magnera Corp's 401(k) match?
Magnera Corporation's 11-K for the plan year ended December 31, 2025 does not disclose a match formula; it defers to the plan document and prospectus. Magnera Corp's Form 5500 for plan year 2024 reports $3.84 of employer money per active participant. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
When does the Magnera Corp 401(k) match vest?
Graded: 25% at 2 yr, 50% at 3 yr, 75% at 4 yr, 100% at 5 yr.
Does Magnera Corp's 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay; default investment: designated balanced fund.
Who is the recordkeeper for Magnera Corp's 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Magnera Corporation 401(k) Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Magnera Corp filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Magnera Corp |
| SEC CIK | 41719 |
| Accession number | 0000041719-26-000046 |
| Plan | Magnera Corporation 401(k) Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 29, 2026 |
401(k) Monitor is not affiliated with Magnera Corp, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Magnera Corp 401(k) plan facts”, from SEC Form 11-K accession 0000041719-26-000046, plan year ended December 31, 2025.
