Mastercard International Incorporated 401(k) Review & Grade
Mastercard Savings Plan
Purchase, NYFinance & Insurance11,198 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,905Employer $ per active participant
$16,956Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$3.9BNet plan assets, end of year
$270,874Average balance per account
Score breakdown
- Employer generosity47.9 / 5096th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 72th |
| Employee saving | 99th |
| Peers that auto-enroll | 74% |
Red flags from the filing
Corrective distributions: the plan refunded $38,146 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mastercard International Incorporated put in about $14,905 per active participant, more than the typical peer ($5,179). 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.
- 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 | $166,902,408 |
| Participant (employee) contributions | $189,877,866 |
| Other contributions (incl. rollovers in) | $26,775,376 |
| Administrative expenses paid from the plan | $1,713,991 |
| Investment advisory & management fees | $1,670,488 |
| Other admin expenses | $2,635 |
| Benefits paid out | $270,099,465 |
| Net assets, start / end of year | $3.3B / $3.9B |
| Active participants, start / end of year | 11,252 / 11,144 |
| Participants with account balances | 14,304 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $1,670,488 reported compensation |
| Voya Institutional Plan Services | $43,503 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730111146NAL0004571361001, received 2025-07-30, EIN 95-2536378, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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