Magnacare is a firm that provides administrative support, third party administration, insurance agent or broker, insurance, and investment management to nonprofit clients. They primarily provide their services regionally, with most clients in New York and Oregon (although they are present in other states as well).
Most Magnacare clients are health and welfare funds with revenues ranging from $20 million to $150 million.
Previous legal names, trade names, or just variations of their name include: Magnacare Administrative Services; Magnacare Administrative Services LLC; and Magnacare LLC.
| Name | Type | Location | |||
|---|---|---|---|---|---|
| 1 | Rise Partnership | 501(c)(3) | Portland, OR | ||
| 2 | Ufcw National Health and Welfare Fund | 501(c)(9) | Englewood, NJ | ||
| 3 | Painting Industry Insurance Fund | 501(c)(9) | New York, NY | ||
| 4 | Iron Workers Locals 40 361 and 417 Health Fund | 501(c)(9) | New York, NY | ||
| 5 | International Union of Operating Engineers Local 138 Welfare Fund | 501(c)(9) | Farmingdale, NY | ||
| 6 | Local 812 Health Fund | 501(c)(9) | Great Neck, NY | ||
| 7 | United Wire Metal and Machine Health and Welfare | 501(c)(9) | Long Island City, NY | ||
| 8 | Local 338 RWDSU / UFCW | 501(c)(9) | Mineola, NY | ||
| 9 | Laborers Union Local 1298 of Nassau and Suffolk Counties Welfare Fund | 501(c)(9) | Hempstead, NY | ||
| 10 | Lake County Indiana Neca-Ibew Health and Benefit Plan | 501(c)(9) | Merrillville, IN | ||
| ... | and 27 more Magnacare not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Magnacare in the nonprofit sector include Cetera Advisor Networks, LLC, Marsh and Mclennan, Marsh and Mclennan Agency, LLC, Reliance Trust Company, The Variable Annuity Life Insurance, Metlife, Wellmark Blue Cross and Blue Shield Of Iowa, Usi Consulting Group, Horizon Healthcare Services, Inc, and United Healthcare.
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