Asarco 401(k) match, vesting and fees
What Asarco's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Beachfleischman PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 89 defined-contribution plans in mining, quarrying, and oil and gas extraction with 1,000 to 4,999 participants.
| Asarco: employer contribution per participant | $1,823 | |
| Peer median | $4,558 |
| Asarco: average balance | $50,839 | |
| Peer median | $124,843 |
| Asarco: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.07% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $84.9M at the end of plan year 2021 to $76.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,688 | $76.4M | $2.7M | $1,823 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 1,663 | $68.3M | $1.8M | $1,229 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 1,617 | $62.6M | $1.4M | $965 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 1,728 | $84.9M | $1.2M | $806 | 0.02% | Not published | Form 5500 ↗ |
Other Asarco plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Savings Plan of Asarco LLC and Participating Subsidiaries
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | The Vanguard Group, Inc. | Schedule C ↗ |
| Independent auditor | Beachfleischman PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Retirement Income Plan for Hourly-Rated Employees of Asarco LLC
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Beachfleischman PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Retirement Benefit Plan for Salaried Employees of Asarco LLC
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Beachfleischman PLLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Asarco match 401(k) contributions?
The match terms for the The 401(k) Savings Plan for Eligible Hourly-Rated Employees of Asarco LLC have not been published from its filing yet. The plan year 2024 filing reports $2.7M in employer contributions, about $1,823 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Asarco 401(k) match vested?
The vesting schedule for the The 401(k) Savings Plan for Eligible Hourly-Rated Employees of Asarco LLC is not in the data published so far. Your Summary Plan Description states it.
Who manages the Asarco 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is The Vanguard Group, Inc.. The plan administrator is Administrative Committee.
I left Asarco. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Administrative Committee, (520) 798-7500) or the recordkeeper, The Vanguard Group, Inc.. The Asarco old 401(k) page lists the contacts from every plan filing. Find an old Asarco 401(k)
Data from the public Form 5500 annual reports Asarco filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Asarco. Not financial advice. Report a correction · Methodology