Emr (USA Holdings) 401(k) match, vesting and fees
What Emr (USA Holdings)'s 401(k) plan says about matching contributions
The Employer’s matching contribution to the Plan is 100% of the participant’s contributions up to 3% of the participant’s compensation and 50% of the amount of the participant’s contributions on the next 2% of eligible compensation, but in no case will matching contributions exceed 4% of the participant’s compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Match vesting | Participants are 100% vested in their contributions, employer safe harbor matching contributions, and non-elective contributions and actual earnings when allocated. | Audit report, p. 29 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision, effective January 1, 2018, whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 1% of eligible compensation and their contributions invested in a designated balance fund until changed by the participant. Annually, at the beginning of the Plan year, participants in the automatic savings increase program will have their deferral rate increase 1% until a max of 10% unless a participant opts out of the annual increase. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant’s account. The loan interest rate ranging from 4.25% to 9.50%, determined monthly, is set at the local prime bank rate, as defined. | Audit report, p. 29 ↗ |
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Carr, Riggs & Ingram, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Emr (USA Holdings): employer contribution per participant | $1,869 | |
| Peer median | $2,413 |
| Emr (USA Holdings): average balance | $50,342 | |
| Peer median | $86,456 |
| Emr (USA Holdings): admin expenses ÷ assets | 0.32% | |
| Peer median | 0.12% |
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 $69.4M at the end of plan year 2021 to $84.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,031 | $84.9M | $3.2M | $1,869 | 0.32% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 2,046 | $74.2M | $2.9M | $1,772 | 0.33% | Not published | Form 5500 ↗ |
| 2022 | 2,007 | $61.2M | $2.6M | $1,715 | 0.31% | Not published | Form 5500 ↗ |
| 2021 | 1,745 | $69.4M | $2.3M | $1,869 | 0.31% | Not published | Form 5500 ↗ |
Common questions
Does Emr (USA Holdings) match 401(k) contributions?
The audit report attached to the Emr USA Retirement Savings Plan's plan year 2024 Form 5500, page 29 says: “The Employer’s matching contribution to the Plan is 100% of the participant’s contributions up to 3% of the participant’s compensation and 50% of the amount of the participant’s contributions on the next 2% of eligible compensation, but in no case will matching contributions exceed 4% of the participant’s compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Emr (USA Holdings) 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are 100% vested in their contributions, employer safe harbor matching contributions, and non-elective contributions and actual earnings when allocated.”
Who manages the Emr (USA Holdings) 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Emr (Usa Holdings) Inc..
I left Emr (USA Holdings). How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Emr (Usa Holdings) Inc., (504) 636-7223) or the recordkeeper, Schwab Retirement Plan Services,inc. The Emr (USA Holdings) old 401(k) page lists the contacts from every plan filing. Find an old Emr (USA Holdings) 401(k)
Data from the public Form 5500 annual reports Emr (USA Holdings) 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 Emr (USA Holdings). Not financial advice. Report a correction · Methodology