Kennecott Utah Copper 401(k) match, vesting and fees
What Kennecott Utah Copper'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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (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.
| Kennecott Utah Copper: employer contribution per participant | $2,612 | |
| Peer median | $4,558 |
| Kennecott Utah Copper: average balance | $80,781 | |
| Peer median | $124,843 |
| Kennecott Utah Copper: admin expenses ÷ assets | 0.04% | |
| 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 $112M at the end of plan year 2021 to $130M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,818 | $130M | $4.2M | $2,612 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 1,661 | $115M | $3.7M | $2,345 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 1,594 | $95.7M | $2.9M | $1,850 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 1,505 | $112M | $2.6M | $1,734 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Kennecott Utah Copper match 401(k) contributions?
The match terms for the Kennecott Utah Copper 401(k) Savings and Retirement Contribution Plan for Represented Employees have not been published from its filing yet. The plan year 2024 filing reports $4.2M in employer contributions, about $2,612 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Kennecott Utah Copper 401(k) match vested?
The vesting schedule for the Kennecott Utah Copper 401(k) Savings and Retirement Contribution Plan for Represented Employees is not in the data published so far. Your Summary Plan Description states it.
Who manages the Kennecott Utah Copper 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Rio Tinto America Inc. Benefits Governance Committee.
I left Kennecott Utah Copper. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Rio Tinto America Inc. Benefits Governance Committee, (801) 204-2000) or the recordkeeper, Empower Annuity Insurance Company. The Kennecott Utah Copper old 401(k) page lists the contacts from every plan filing. Find an old Kennecott Utah Copper 401(k)
Data from the public Form 5500 annual reports Kennecott Utah Copper 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 Kennecott Utah Copper. Not financial advice. Report a correction · Methodology