Asarco LLC 401(k) Review & Grade
The 401(k) Savings Plan for Eligible Hourly-Rated Employees of Asarco LLC
Sahuarita, AZMining, Oil & Gas1,274 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,150Employer $ per active participant
$2,452Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$76.4MNet plan assets, end of year
$50,839Average balance per account
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 96th |
| Employee saving | 7th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Asarco put in about $2,150 per active participant, below the typical peer ($4,357). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,740,678 |
| Participant (employee) contributions | $3,124,539 |
| Other contributions (incl. rollovers in) | $251,016 |
| Administrative expenses paid from the plan | $12,459 |
| Other admin expenses | $12,459 |
| Benefits paid out | $7,906,096 |
| Net assets, start / end of year | $68.3M / $76.4M |
| Active participants, start / end of year | 1,251 / 1,298 |
| Participants with account balances | 1,503 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Beachfleischman PLLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $17,180 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020190020NAL0000557825001, received 2025-10-20, EIN 81-0666284, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.