Freeport-McMoran Inc.401(k)
FREEPORT-MCMORAN INC. EMPLOYEE CAPITAL ACCUMULATION PROGRAM · PHOENIX, AZ · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Freeport-McMoran Inc. reported $359,638 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,352 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.013% to 0.014%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 3rd-largest of 1,285 plans among Arizona employers on file, and the 8th of 612 in mining, oil & gas extraction. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves; active participation has grown from 12,622 to 14,200 since 2022.
Freeport-McMoran Inc.'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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 742480931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.