Pinto Valley Mining Corp. 401(k) Review & Grade
Pinto Valley Mining Corp. Retirement Savings Plan for Union Represented Employees
Miami, AZMining, Oil & Gas506 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,038Employer $ per active participant
$2,344Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
$32,028Average balance per account
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 61th |
| Employee saving | 5th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($42,867 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Pinto Valley Mining put in about $1,038 per active participant, below the typical peer ($4,357). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $525,717 |
| Participant (employee) contributions | $1,187,421 |
| Other contributions (incl. rollovers in) | $65,586 |
| Administrative expenses paid from the plan | $15,937 |
| Contract administrator fees | $15,538 |
| Investment advisory & management fees | $399 |
| Benefits paid out | $2,829,956 |
| Net assets, start / end of year | $10.4M / $9.2M |
| Active participants, start / end of year | 500 / 513 |
| Participants with account balances | 286 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| John Hancock | $15,937 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121129NAL0002267907001, received 2025-10-15, EIN 46-2885758, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.