Plan Ledger DOL Form 5500 · updated monthly

Mercedes-Benz U.S. International, Inc.401(k)

MERCEDES-BENZ U.S. INTERNATIONAL, INC. RETIREMENT AND SAVINGS PLAN · VANCE, AL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Mercedes-Benz U.S. International, Inc. reported $1,436,818 in plan administrative expenses for 2024: 0.12% of average plan assets, higher than ~90% of peers. Employer contributions averaged $7,587 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 0.08% to 0.12%. 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 6th-largest of 902 plans among Alabama employers on file, and the 272nd of 13,661 in manufacturing. In 2024, the employer put in $1.23 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,234,118,844
Participants with balances7,015
Active participants6,107
Employer contributions$46,333,798
Employee contributions$37,692,760
Employer contribution per active participant$7,587
Average account balance$175,926
Benefits paid to participants$90,870,183
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 7,015 accts · $46.3M emplr
2023$1.1B · 6,878 accts · $41.9M emplr
2022$930.4M · 6,978 accts · $37.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,018,440
Investment management$309,411
Total administrative$1,436,818
The Mercedes-Benz U.S. International, Inc. 401(k) match · 2024
Employer contribution per active participant$7,587
Median for plans this size$5,259
2024$7,587 per active participant
2023$6,802 per active participant
2022$5,873 per active participant

Mercedes-Benz U.S. International, Inc.'s 2024 employer contribution ran above the $5,259 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
VOYA INSTITUTIONAL PLAN SERVICES · Loan processing · Recordkeeping$607,528
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$302,413
R.V. KUHNS & ASSOCIATES, INC. · Consulting$108,967
SSGA · Investment advisory (plan)$6,998

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

Recordkeeper by year2
2024Voya
2023Voya

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,436,818 · 0.12%
2023$1,443,716 · 0.14%
2022$816,409 · 0.08%
Same employer
Similar plansManufacturing · Alabama
Qorvo US, Inc. OR$1.2B · 0.02%
Idexx Laboratories, Inc. ME$1.2B · 0.07%
Hubbell Incorporated CT$1.2B · 0.09%
Arkema Inc. PA$1.2B · 0.04%
Post Holdings, Inc. MO$1.2B · 0.08%
Teradata Corporation CA$1.2B · 0.02%
Bbu, Inc. PA$1.2B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363879353 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.