Newmont USA Limited 401(k) Review & Grade
Retirement Savings Plan of Newmont
Denver, COMining, Oil & Gas1,167 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,117Employer $ per active participant
$14,776Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$341.3MNet plan assets, end of year
$189,795Average balance per account
Score breakdown
- Employer generosity38.3 / 5077th percentile for employer $ per participant
- Low cost19.1 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 77th |
| Employee saving | 97th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Corrective distributions: the plan refunded $21,973 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Newmont USA Limited put in about $8,117 per active participant, more than the typical peer ($4,357). 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.
- 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 | $9,472,622 |
| Participant (employee) contributions | $17,243,108 |
| Other contributions (incl. rollovers in) | $3,154,575 |
| Administrative expenses paid from the plan | $297,289 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $94,790 |
| Other admin expenses | $87,881 |
| Benefits paid out | $48,176,566 |
| Net assets, start / end of year | $319.9M / $341.3M |
| Active participants, start / end of year | 1,165 / 1,169 |
| Participants with account balances | 1,798 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $98,343 reported compensation |
| Strategic Advisors, Inc. | $94,790 reported compensation |
| Cook Street Consulting, Inc. | $65,420 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006104434NAL0003518017001, received 2025-10-06, EIN 13-2526632, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.