Iron Mechanical 401(k) match, vesting and fees
What Iron Mechanical'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 | Beneco Systems, LLC | Schedule C ↗ |
| Independent auditor | Anders Minkler Huber & Helm LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 3,874 defined-contribution plans in construction with 100 to 499 participants.
| Iron Mechanical: employer contribution per participant | $2,101 | |
| Peer median | $2,411 |
| Iron Mechanical: average balance | $57,967 | |
| Peer median | $61,921 |
| Iron Mechanical: admin expenses ÷ assets | 0.69% | |
| Peer median | 0.39% |
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 $10.4M at the end of plan year 2021 to $11M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 358 | $11M | $399K | $2,101 | 0.69% | Not published | Form 5500 ↗ |
| 2023 | 463 | $10.2M | $711K | $2,363 | 0.79% | Not published | Form 5500 ↗ |
| 2022 | 444 | $8.2M | $893K | $2,909 | 0.65% | Not published | Form 5500 ↗ |
| 2021 | 564 | $10.4M | $3.2M | $9,914 | 0.78% | Not published | Form 5500 ↗ |
Common questions
Does Iron Mechanical match 401(k) contributions?
The match terms for the Iron Mechanical, Inc. Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $399K in employer contributions, about $2,101 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Iron Mechanical 401(k) match vested?
The vesting schedule for the Iron Mechanical, Inc. Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Iron Mechanical 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Beneco Systems, LLC. The plan administrator is Iron Mechanical, Inc..
I left Iron Mechanical. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Iron Mechanical, Inc., (916) 341-3530) or the recordkeeper, Beneco Systems, LLC. The Iron Mechanical old 401(k) page lists the contacts from every plan filing. Find an old Iron Mechanical 401(k)
Data from the public Form 5500 annual reports Iron Mechanical 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 Iron Mechanical. Not financial advice. Report a correction · Methodology