Matthews International Corporation 401(k) Review & Grade
Matthews International Corporation 401(k) Plan
Pittsburgh, PAManufacturing4,092 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,453Employer $ per active participant
$5,107Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$353.4MNet plan assets, end of year
$84,448Average balance per account
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost10.9 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 43th |
| Employee saving | 38th |
| Peers that auto-enroll | 70% |
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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
- Matthews International put in about $2,453 per active participant, below the typical peer ($3,452). 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.
- 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 | $10,039,228 |
| Participant (employee) contributions | $20,899,649 |
| Other contributions (incl. rollovers in) | $3,424,395 |
| Administrative expenses paid from the plan | $607,850 |
| Investment advisory & management fees | $160,730 |
| Other admin expenses | $900 |
| Benefits paid out | $56,968,865 |
| Net assets, start / end of year | $457.7M / $353.4M |
| Active participants, start / end of year | 4,253 / 3,932 |
| Participants with account balances | 4,185 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Goff Backa Alfera & Company LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $328,586 reported compensation |
| Empower Advisory Group, LLC | $95,438 reported compensation |
| Mariner Institutional LLC | $64,647 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151239NAL0001595187001, received 2025-10-14, EIN 25-0644320, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.