Mazak Corporation 401(k) Review & Grade
Mazak Employee Shared Savings Plan
Florence, KYManufacturing851 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,903Employer $ per active participant
$8,958Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$180.6MNet plan assets, end of year
$167,552Average balance per account
Score breakdown
- Employer generosity37.0 / 5074th percentile for employer $ per participant
- Low cost14.7 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 59th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Mazak put in about $3,903 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.
- 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 | $3,321,577 |
| Participant (employee) contributions | $7,623,622 |
| Other contributions (incl. rollovers in) | $590,395 |
| Administrative expenses paid from the plan | $304,719 |
| Investment advisory & management fees | $204,381 |
| Benefits paid out | $22,601,704 |
| Net assets, start / end of year | $170.0M / $180.6M |
| Active participants, start / end of year | 835 / 867 |
| Participants with account balances | 1,078 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Flagel, Huber, Flagel & Co. |
Largest service providers (Schedule C)
| Pca Investment Advisory Services | $204,381 reported compensation |
| Fidelity Investments Institutional | $100,338 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702102700NAL0013505073001, received 2025-07-02, EIN 11-2161864, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.