Minova USA 401(k) match, vesting and fees
What Minova USA'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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baldwin Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 356 defined-contribution plans in mining, quarrying, and oil and gas extraction with 100 to 499 participants.
| Minova USA: employer contribution per participant | $2,919 | |
| Peer median | $3,000 |
| Minova USA: average balance | $75,179 | |
| Peer median | $70,698 |
| Minova USA: admin expenses ÷ assets | 0.39% | |
| Peer median | 0.32% |
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 $14.1M at the end of plan year 2022 to $19.4M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 261 | $19.4M | $753K | $2,919 | 0.39% | Not published | Form 5500 ↗ |
| 2023 | 265 | $17M | $777K | $3,083 | 0.38% | Not published | Form 5500 ↗ |
| 2022 | 238 | $14.1M | $455K | $1,998 | 0.40% | Not published | Form 5500 ↗ |
Other Minova USA plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Minova USA, Inc. Pension Plan for Salaried Employees
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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baldwin Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Minova USA, Inc. Pension Plan for Hourly Employees
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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baldwin Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Minova USA match 401(k) contributions?
The match terms for the Minova USA Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $753K in employer contributions, about $2,919 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Minova USA 401(k) match vested?
The vesting schedule for the Minova USA Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Minova USA 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Minova USA Inc..
I left Minova USA. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Minova USA Inc., (502) 868-6209) or the recordkeeper, Principal Life Insurance Company. The Minova USA old 401(k) page lists the contacts from every plan filing. Find an old Minova USA 401(k)
Data from the public Form 5500 annual reports Minova USA 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 Minova USA. Not financial advice. Report a correction · Methodology