Micro Electronics 401(k) match, vesting and fees
What Micro Electronics' 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 | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Blue & Co. LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 502 defined-contribution plans in retail trade with 500 to 999 participants.
| Micro Electronics: employer contribution per participant | $677 | |
| Peer median | $928 |
| Micro Electronics: average balance | $50,522 | |
| Peer median | $40,685 |
| Micro Electronics: admin expenses ÷ assets | 0.24% | |
| Peer median | 0.37% |
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 $32.6M at the end of plan year 2023 to $36.7M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,919 | $36.7M | $491K | $677 | 0.24% | Not published | Form 5500 ↗ |
| 2023 | 2,416 | $32.6M | $460K | $803 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Micro Electronics match 401(k) contributions?
The match terms for the Micro Electronics, Inc. 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $491K in employer contributions, about $677 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Micro Electronics 401(k) match vested?
The vesting schedule for the Micro Electronics, Inc. 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Micro Electronics 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Micro Electronics, Inc..
I left Micro Electronics. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Micro Electronics, Inc., (614) 850-3445) or the recordkeeper, Newport Group, Inc.. The Micro Electronics old 401(k) page lists the contacts from every plan filing. Find an old Micro Electronics 401(k)
Data from the public Form 5500 annual reports Micro Electronics filed with the U.S. Department of Labor (plan years 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 Micro Electronics. Not financial advice. Report a correction · Methodology