Matheson Tri-Gas, Inc. 401(k) Review & Grade
Matheson Tri-Gas, Inc. Savings Plan
Warren, NJManufacturing4,732 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,236Employer $ per active participant
$4,738Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$454.6MNet plan assets, end of year
$78,482Average balance per account
Score breakdown
- Employer generosity31.3 / 5063th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 49th |
| Employee saving | 33th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Matheson Tri-Gas put in about $4,236 per active participant, more than the typical peer ($3,452). 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 | $20,045,705 |
| Participant (employee) contributions | $22,421,212 |
| Other contributions (incl. rollovers in) | $2,444,172 |
| Administrative expenses paid from the plan | $542,380 |
| Benefits paid out | $50,033,611 |
| Net assets, start / end of year | $413.2M / $454.6M |
| Active participants, start / end of year | 4,709 / 4,755 |
| Participants with account balances | 5,793 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Meisel, Tuteur & Lewis, P. C. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $542,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110800NAL0002188771001, received 2025-10-15, EIN 74-2460354, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.