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 (although they are present in other states as well).
Most Magnacare clients are health and welfare funds with revenues ranging from $22 million to $140 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 | Ufcw National Health and Welfare Fund | 501(c)(9) | Englewood, NJ | ||
| 2 | Painting Industry Insurance Fund | 501(c)(9) | New York, NY | ||
| 3 | Local 812 Health Fund | 501(c)(9) | Great Neck, NY | ||
| 4 | International Union of Operating Engineers Local 138 Welfare Fund | 501(c)(9) | Farmingdale, NY | ||
| 5 | Local 338 RWDSU / UFCW | 501(c)(9) | Mineola, NY | ||
| 6 | United Wire Metal and Machine Health and Welfare | 501(c)(9) | Long Island City, NY | ||
| 7 | Laborers Union Local 1298 of Nassau and Suffolk Counties Welfare Fund | 501(c)(9) | Hempstead, NY | ||
| 8 | Local 272 Welfare Fund | 501(c)(9) | New York, NY | ||
| 9 | Local 1205 Welfare Fund | 501(c)(9) | Farmingdale, NY | ||
| 10 | Local 1102 Health and Benefit Fund | 501(c)(9) | Woodbury, NY | ||
| ... | and 26 more Magnacare not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Magnacare in the nonprofit sector include Voya Retirement Ins and Annuity Company, Massachusetts Mutual Life Insurance Co., Brighthouse Life Insurance Company, Axa Equitable Life Insurance, Umr, Premera Blue Cross, Ubs Financial Services Inc, Blue Cross Blue Shield Of Kansas, Anthem Blue Cross and Blue Shield, and Ameritas Life Insurance Corporation.
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