Mitsui & Co. (U.S.A.), Inc. 401(k) Review & Grade
Mitsui & Co. (u. S. A), Inc. 401(k) Retirement Plan
New York, NYWholesale Trade604 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,881Employer $ per active participant
$11,914Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$187.1MNet plan assets, end of year
$177,212Average balance per account
Score breakdown
- Employer generosity47.8 / 5096th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score92 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 90th |
| Employee saving | 97th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $60,680 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mitsui & Co. (U.S.A.) put in about $7,881 per active participant, more than the typical peer ($1,792). 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 | $4,764,081 |
| Participant (employee) contributions | $7,201,852 |
| Other contributions (incl. rollovers in) | $1,868,013 |
| Administrative expenses paid from the plan | $71,234 |
| Other admin expenses | $71,234 |
| Benefits paid out | $12,016,634 |
| Net assets, start / end of year | $157.4M / $187.1M |
| Active participants, start / end of year | 561 / 648 |
| Participants with account balances | 1,056 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $43,211 reported compensation |
| Vanguard Advisers Inc. | $29,361 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135544NAL0002527171001, received 2025-10-15, EIN 13-2559853, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.