Mapfre U.S.A. Corp. 401(k) Review & Grade
Mapfre U.S.A. Corp. Profit Sharing & 401(k) Savings Plan
Webster, MAFinance & Insurance2,012 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,658Employer $ per active participant
$7,081Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$517.5MNet plan assets, end of year
$165,703Average balance per account
Score breakdown
- Employer generosity31.9 / 5064th percentile for employer $ per participant
- Low cost22.9 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 91th |
| Employee saving | 50th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Mapfre U.S.A. put in about $4,658 per active participant, more than the typical peer ($3,606). 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 | $9,374,356 |
| Participant (employee) contributions | $14,249,956 |
| Other contributions (incl. rollovers in) | $3,341,756 |
| Administrative expenses paid from the plan | $178,253 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $118,868 |
| Other admin expenses | $48,750 |
| Benefits paid out | $49,728,128 |
| Net assets, start / end of year | $472.1M / $517.5M |
| Active participants, start / end of year | 2,043 / 1,982 |
| Participants with account balances | 3,123 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray, Gray & Gray LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $118,868 reported compensation |
| Fiducient Advisors | $48,750 reported compensation |
| Fidelity Investments Institutional | $11,361 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930101208NAL0019223586001, received 2025-09-30, EIN 04-2599931, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.