Cause IQ vendor profile

Magnacare


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 New Jersey (although they are present in other states as well).

Most Magnacare clients are health and welfare funds with revenues ranging from $16 million to $141 million.

Previous legal names, trade names, or just variations of their name include: Magnacare Administrative Services; Magnacare Administrative Services LLC; and Magnacare LLC.

Primary location:
Garden City, NY
All locations:
NY
Identified clients:
34
Avg client size:
$54 mil revenue
Median client size:
$20 mil revenue

Magnacare client list

 NameTypeLocation
1Ufcw National Health and Welfare Fund501(c)(9)Englewood, NJ
2Painting Industry Insurance Fund501(c)(9)New York, NY
3Local 812 Health Fund501(c)(9)Great Neck, NY
4Local 338 RWDSU / UFCW501(c)(9)Mineola, NY
5International Union of Operating Engineers Local 138 Welfare Fund501(c)(9)Farmingdale, NY
6United Wire Metal and Machine Health and Welfare Fund501(c)(9)Long Island City, NY
7Local 272 Welfare Fund501(c)(9)New York, NY
8Laborers Union Local 1298 of Nassau and Suffolk Counties Welfare Fund501(c)(9)Hempstead, NY
9Local 1102 Health and Benefit Fund501(c)(9)Woodbury, NY
10Lake County Indiana Neca-Ibew Health and Benefit Plan501(c)(9)Merrillville, IN
...and 24 more Magnacare not-for-profit tax-exempt clients identified by Cause IQ

Magnacare competitors

Competitors to Magnacare in the nonprofit sector include Global Retirement Partners LLC, Valic, CBIZ Benefits and Insurance Services, Commonwealth Financial Network, Express Scripts, Inc., Rose and Kiernan, Minnesota Life Insurance Company, Blue Cross Blue Shield Of Ma, Voya Retirement Insurance and Annuity Co., and Excellus Blue Cross Blue Shield.

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