Stonex Group 401(k) match, vesting and fees
What Stonex Group's 401(k) plan says about matching contributions
Contributions (continued) - The Company contributes 62.5% of the first 8% of base compensation that a participant contributes to the Plan. Effective January 1, 2024, the company changed the employer matching contribution formula to 100% of the first 3% of compensation plus 50% of the next 4% of 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 all employer contributions upon entering the Plan. | Audit report, p. 28 ↗ |
| Automatic enrollment | The Plan has an auto-enrollment provision 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 2% of eligible compensation. Contribution percentages will automatically escalate by 1% per year, up to a maximum of 8%. | Audit report, p. 28 ↗ |
| Roth contributions | In-plan Roth rollover contributions are allowed from accounts which are fully vested except for loan accounts. | Audit report, p. 28 ↗ |
| Loans | Notes receivable from participants - 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 and bear interest at rates which are commensurate with local prevailing rates as determined by the plan administrator. | Audit report, p. 29 ↗ |
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Stonex Group: employer contribution per participant | $5,381 | |
| Peer median | $2,966 |
| Stonex Group: average balance | $134,787 | |
| Peer median | $104,792 |
| Stonex Group: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.10% |
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 $266M at the end of plan year 2023 to $309M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,344 | $309M | $12.3M | $5,381 | 0.06% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 2,331 | $266M | $11.1M | $4,926 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Stonex Group match 401(k) contributions?
The audit report attached to the Stonex Group Inc. 401(k) Plan's plan year 2024 Form 5500, page 29 says: “Contributions (continued) - The Company contributes 62.5% of the first 8% of base compensation that a participant contributes to the Plan. Effective January 1, 2024, the company changed the employer matching contribution formula to 100% of the first 3% of compensation plus 50% of the next 4% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Stonex Group 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 28 says: “Participants are 100% vested in all employer contributions upon entering the Plan.”
Who manages the Stonex Group 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is Stonex Group Inc..
I left Stonex Group. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Stonex Group Inc., (816) 410-7120) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The Stonex Group old 401(k) page lists the contacts from every plan filing. Find an old Stonex Group 401(k)
Data from the public Form 5500 annual reports Stonex Group 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 Stonex Group. Not financial advice. Report a correction · Methodology