Plan Ledger DOL Form 5500 · updated monthly

Mapei Corporation401(k)

MAPEI CORPORATION 401K PLAN · DEERFIELD BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.23%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Mapei Corporation reported $251,578 in plan administrative expenses for 2024: 0.23% of average plan assets, above the peer median. Employer contributions averaged $4,210 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 fell from 0.25% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 282nd-largest of 3,644 plans among Florida employers on file, and the 1,663rd of 13,661 in manufacturing. In 2024, employees put in $1.35 for every $1.00 the employer contributed; active participation has grown from 1,272 to 1,472 since 2022.

Plan summary
Net assets, end of year$119,568,905
Participants with balances1,708
Active participants1,472
Employer contributions$6,197,409
Employee contributions$8,360,706
Employer contribution per active participant$4,210
Average account balance$70,005
Benefits paid to participants$7,393,311
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$119.6M · 1,708 accts · $6.2M emplr
2023$98.8M · 1,625 accts · $5.8M emplr
2022$79.1M · 1,462 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,016
Investment management$114,128
Total administrative$251,578
The Mapei Corporation 401(k) match · 2024
Employer contribution per active participant$4,210
Median for plans this size$3,635
2024$4,210 per active participant
2023$4,061 per active participant
2022$3,976 per active participant

Mapei Corporation's 2024 employer contribution ran above the $3,635 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ANNUITY INSURANCE COMPANY O · Contract administrator · Recordkeeping$118,368
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$114,128
COHNREZNICK LLP · Other services$26,250
OGLETREE, DEAKINS, NASH, SMOAK & ST · Legal$4,214

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Mapei Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$251,578 · 0.23%
2023$230,637 · 0.26%
2022$208,640 · 0.25%
Same employer
Similar plansManufacturing · Florida
Pgt Industries, Inc. FL$140.0M · 0.34%
Gables Engineering, Inc. FL$93.9M · 0.05%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 363369327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.