Mars, Incorporated 401(k) Review & Grade
U.S. Associate Savings Plan
Hackettstown, NJManufacturing15,590 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,856Employer $ per active participant
$9,712Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$3.4BNet plan assets, end of year
$167,253Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 64th |
| Employee saving | 56th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $28,526 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mars, Incorporated put in about $5,856 per active participant, more than the typical peer ($5,480). 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 | $91,297,945 |
| Participant (employee) contributions | $151,412,361 |
| Other contributions (incl. rollovers in) | $27,796,368 |
| Administrative expenses paid from the plan | $1,901,143 |
| Investment advisory & management fees | $985,126 |
| Other admin expenses | $17,708 |
| Benefits paid out | $243,487,009 |
| Net assets, start / end of year | $3.0B / $3.4B |
| Active participants, start / end of year | 15,513 / 15,668 |
| Participants with account balances | 20,234 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $985,321 reported compensation |
| Fidelity Investments Institutional | $902,737 reported compensation |
| LCG Associates Inc. | $17,708 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002083656NAL0000353504001, received 2025-10-02, EIN 22-1594774, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.