Investments (Tables) - The Magna Group of Companies Retirement Savings Plans

12 Months Ended

Dec. 31, 2025

Investments

Schedule of fair value hierarchy of investments

The following tables set forth by level within the fair value hierarchy the Plan’s investments (in thousands):

December 31, 2025
	Level 1		Level 2		Level 3		Total
Mutual funds	$	149,507	$	—	$	—	$	149,507
Employer securities		274,071		—		—		274,071
Mutual funds		149,507		—		—		149,507
Deferred income annuities		—		—		3,173		3,173
Life insurance policies		—		—		34		34
Total investments, at fair value		423,578		—		3,207		426,785
Common/Collective Trusts								1,979,988
Pooled Separate Accounts								237,548
Stable Value Fund								143,649
Total investments, at net asset value								2,361,185
Fully Benefit-Responsive Investment Contract								3,293
Total investments, at contract value								3,293
Total Investments							$	2,791,263

December 31, 2024
	Level 1		Level 2		Level 3		Total
Mutual funds	$	558,664	$	—	$	—	$	558,664
Employer securities		231,299		—		—		231,299
Deferred income annuities		—		—		3,215		3,215
Life insurance policies		—		—		32		32
Total investments, at fair value		789,963		—		3,247		793,210
Common/Collective Trusts								1,245,859
Pooled Separate Accounts								214,875
Stable Value Fund								153,245
Total investments, at net asset value								1,613,979
Total Investments							$	2,407,189

Schedule of summary of changes in the fair values of the Level 3 investments

The tables below set forth a summary of changes in the fair values of the Plan’s Level 3 investments for the years ended December 31, 2024 and 2023 (in thousands):

Year ended December 31, 2025
	Deferred Income		Life Insurance
	Annuities		Policies
Balance, beginning of year	$	3,215	$	32
Purchases		683		2
Sales		(725)		—
Balance, end of year	$	3,173	$	34

Year ended December 31, 2024
	Deferred Income		Life Insurance
	Annuities		Policies
Balance, beginning of year	$	2,960	$	38
Purchases		1,147		—
Sales		(892)		(6)
Balance, end of year	$	3,215	$	32