Plan Ledger DOL Form 5500 · updated monthly

Materion Corporation401(k)

MATERION CORPORATION RETIREMENT SAVINGS PLAN · MAYFIELD HEIGHTS, OH · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Materion Corporation reported $435,947 in plan administrative expenses for 2024: 0.10% of average plan assets, above the peer median. Employer contributions averaged $5,715 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 0.01% to 0.10%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 113th-largest of 3,295 plans among Ohio employers on file, and the 602nd of 13,661 in manufacturing. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has shrunk from 2,640 to 2,270 since 2022.

Plan summary
Net assets, end of year$465,773,745
Participants with balances3,338
Active participants2,270
Employer contributions$12,972,295
Employee contributions$18,878,347
Employer contribution per active participant$5,715
Average account balance$139,537
Benefits paid to participants$46,634,176
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$465.8M · 3,338 accts · $13.0M emplr
2023$424.6M · 3,511 accts · $13.6M emplr
2022$357.5M · 3,537 accts · $13.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$212,956
Investment management$153,499
Audit (IQPA)$46,800
Total administrative$435,947
The Materion Corporation 401(k) match · 2024
Employer contribution per active participant$5,715
Median for plans this size$4,294
2024$5,715 per active participant
2023$5,377 per active participant
2022$5,254 per active participant

Materion Corporation's 2024 employer contribution ran above the $4,294 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 · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$212,880
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$101,623
CLEARSTEAD ADVISORS, LLC · Investment advisory (plan)$51,876
MEADEN & MOORE LTD · Accounting / audit$46,800
THOMPSON HINE · Legal$22,692

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

Administrative cost history3
2024$435,947 · 0.10%
2023$444,504 · 0.11%
2022$26,123 · 0.01%
Similar plansManufacturing · Ohio
Masterbrand, Inc. OH$544.3M · 0.13%
Great Lakes Cheese Co OH$504.2M · 0.11%
Multi-Color Corporation OH$466.7M · 0.11%
Babcock & Wilcox Company OH$457.4M · 0.04%
O-I Glass, Inc. OH$415.0M · 0.05%
Ariel Corporation OH$390.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341919973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.