Johnson Matthey Inc. 401(k) Review & Grade
Johnson Matthey Inc. Salaried Employees Savings Investment Plan
Wayne, PAManufacturing1,564 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,874Employer $ per active participant
$6,964Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$483.5MNet plan assets, end of year
$189,995Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost18.6 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 75th |
| Employee saving | 73th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($454,727 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Johnson Matthey put in about $7,874 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $12,318,920 |
| Participant (employee) contributions | $10,895,783 |
| Other contributions (incl. rollovers in) | $14,196,599 |
| Administrative expenses paid from the plan | $466,907 |
| Contract administrator fees | $89,930 |
| Investment advisory & management fees | $197,562 |
| Other admin expenses | $28,721 |
| Benefits paid out | $51,844,430 |
| Net assets, start / end of year | $470.1M / $483.5M |
| Active participants, start / end of year | 1,733 / 1,396 |
| Participants with account balances | 2,545 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $9,495,440 |
Largest service providers (Schedule C)
| Edelman Financial Engines | $197,562 reported compensation |
| T. Rowe Price RSP Inc. | $125,803 reported compensation |
| Mercer | $89,930 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415154518NAL0021219984001, received 2026-04-15, EIN 23-0411710, plan #003, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.