Statements of Changes in Net Assets Available for Benefits - The Magna Group of Companies Retirement Savings Plans - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| Investment income: | ||
| Interest and dividends | $ 19,320 | $ 22,954 |
| Net appreciation in fair value of investments | 391,231 | 145,158 |
| Contributions: | ||
| Employer | 81,345 | 77,929 |
| Participants | 127,882 | 126,050 |
| Rollovers | 10,484 | 13,745 |
| Interest from notes receivable from participants | 5,754 | 5,155 |
| Total Additions | 636,016 | 390,991 |
| Deductions | ||
| Benefits paid to terminated employees | 164,849 | 151,359 |
| Benefits paid to participating employees | 181,696 | 138,697 |
| Loan expenses and other fees | 2,836 | 2,653 |
| Total Deductions | 349,381 | 292,709 |
| Net increase | 286,635 | 98,282 |
| Transfers from other plans | 99,449 | |
| Net Assets Available for Benefits, beginning of year | 2,470,105 | 2,371,823 |
| Net Assets Available for Benefits, end of year | $ 2,856,189 | $ 2,470,105 |
| X | ||||||||||
- Definition Amount of net asset available for benefit transferred from employee stock purchase, saving, or similar plan (employee benefit plan (EBP)) from external plan. No definition available.
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| X | ||||||||||
- Definition Amount of decrease in net asset available for benefit from payment of benefit to terminated employees in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, withdrawal. No definition available.
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| X | ||||||||||
- Definition Amount of decrease in net asset available for benefit to participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of decrease in net asset available for benefit from administrative expense incurred by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of decrease in net asset available for benefit from payment of benefit to participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, withdrawal. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of increase in net asset available for benefit to participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in net asset available for benefit to participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in net asset available for benefit from realized and unrealized gain (loss) on investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of increase in net asset available for benefit from cash and noncash contributions from employer of participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of increase in net asset available for benefit from interest and dividend income on investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of increase in net asset available for benefit from interest income on note receivable from participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount, excluding rollover, of increase in net asset available for benefit from contribution by participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of increase in net asset available for benefit from contribution transferred from another qualified plan or from individual retirement account of participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)). Excludes contribution for participant transmitted by employer of participant in EBP. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of asset less liability available to pay benefit of participant in employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, aggregation of participants' individual account balances. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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