Mattr US Inc. 401(k) Review & Grade
Mattr 401(k) Plan
Houston, TXManufacturing706 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,266Employer $ per active participant
$4,093Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$65.9MNet plan assets, end of year
$63,270Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 31th |
| Employee saving | 38th |
| Peers that auto-enroll | 59% |
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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
- Mattr US put in about $3,266 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.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $2,307,500 |
| Participant (employee) contributions | $2,891,478 |
| Other contributions (incl. rollovers in) | $145,590 |
| Administrative expenses paid from the plan | $260,884 |
| Benefits paid out | $14,142,950 |
| Net assets, start / end of year | $65.8M / $65.9M |
| Active participants, start / end of year | 881 / 532 |
| Participants with account balances | 1,041 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Milliman, Inc. | $267,867 reported compensation |
| Charles Schwab Bank | $22,943 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926150614NAL0009522737001, received 2025-09-26, EIN 98-0101376, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.