The Mosaic Company 401(k) Review & Grade
Mosaic Union Savings Plan
Tampa, FLManufacturing1,766 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,145Employer $ per active participant
$9,727Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$297.0MNet plan assets, end of year
$141,015Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-10 pts1 issue reported on the filing
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 | 92th |
| Lower admin cost | 77th |
| Employee saving | 89th |
| Peers that auto-enroll | 59% |
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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 ($8,548 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
- Mosaic put in about $7,145 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.
- 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 | $12,621,415 |
| Participant (employee) contributions | $17,182,617 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $247,176 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $171,482 |
| Benefits paid out | $41,804,351 |
| Net assets, start / end of year | $270.3M / $297.0M |
| Active participants, start / end of year | 1,756 / 1,777 |
| Participants with account balances | 2,106 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $171,482 reported compensation |
| Fidelity Investments Inst. Op. Co. | $75,682 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250709095518NAL0007446928001, received 2025-07-09, EIN 20-1026454, plan #019, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.