Plan Ledger DOL Form 5500 · updated monthly

Basf Corporation401(k)

BASF CORPORATION RETIREMENT SAVINGS PLAN · FLORHAM PARK, NJ · plan year 2024

Employer contribution per participant · 2024
$12,806

Basf Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $6,347,170,001 across 17,459 participant accounts, with employer contributions averaging $12,806 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 18th-largest of 2,419 plans among New Jersey employers on file, and the 67th of 13,661 in manufacturing. In 2024, employees put in $1.17 for every $1.00 the employer contributed; active participation has shrunk from 12,806 to 11,393 since 2022.

Plan summary
Net assets, end of year$6,347,170,001
Participants with balances17,459
Active participants11,393
Employer contributions$145,899,414
Employee contributions$170,849,523
Employer contribution per active participant$12,806
Average account balance$363,547
Benefits paid to participants$682,505,447
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3B · 17,459 accts · $145.9M emplr
2023$6.0B · 17,703 accts · $149.9M emplr
2022$5.7B · 19,440 accts · $165.2M emplr
The Basf Corporation 401(k) match · 2024
Employer contribution per active participant$12,806
Median for plans this size$5,259
2024$12,806 per active participant
2023$13,249 per active participant
2022$12,897 per active participant

Basf Corporation's 2024 employer contribution ran above the $5,259 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
BASF CORPORATION RETIREMENT SAVINGS PLAN401(k)
BASF CORPORATION BARGAINING UNIT SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · New Jersey
Novartis Corporation NJ$9.9B · 0.00%
Sanofi-Aventis US LLC NJ$8.5B · 0.01%
Mars, Incorporated NJ$3.4B · 0.06%
Novo Nordisk Inc. NJ$2.9B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161090809 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.