Mufg Bank, LTD401(k)
MUFG BANK LTD. 401(K) PLAN · NEW YORK, NY · plan year 2022
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Mufg Bank, LTD reported $897,228 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,604 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 0.03% to 0.02%. The plan sits in the over $1B size bracket, benchmarked here against 1,066 comparable plans and shown alongside other finance & insurance employers. By assets it is the 54th-largest of 5,648 plans among New York employers on file, and the 70th of 4,798 in finance & insurance. In 2022, employees put in $2.43 for every $1.00 the employer contributed.
Mufg Bank, LTD's 2022 employer contribution ran above the $4,897 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
This plan has changed recordkeepers within these filings. If you left Mufg Bank, LTD 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).
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Source: U.S. Department of Labor, Form 5500 series, EIN 135611741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.