Zeus 401(k) match, vesting and fees
What Zeus' 401(k) plan says about matching contributions
Effective as of January 1, 2024, the Employer signed an adoption agreement for Qualified Automatic Contribution Arrangements (QACA) Safe Harbor plan design which resulted in the Employer making matching contributions of 100% of the first 1% of a participant’s salary reduction contribution and a 50% match of the remaining 5% of the participant’s salary reduction contribution. For periods prior to 2024, the Employer made matching contributions of 50% of the amount of the participant’s salary reduction contribution up to the first 6% of eligible 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. 32 ↗ |
| Automatic enrollment | New participants are automatically enrolled for a 6% pretax deferral upon becoming eligible unless the employee completes a contrary salary deferral election. Effective October 1, 2018 (the “Amendment Effective Date”), all participants hired or rehired on or after the Amendment Effective Date will be subject to annual deferral rate escalations of 1%, up to a maximum of 12%, unless otherwise elected by the participant. Any automatic increase will take effect on April 4th of each plan year, starting with the April 4th following a participant’s automatic enrollment for 12 months. | Audit report, p. 32 ↗ |
| Loans | Notes Receivable from Participants—A qualifying participant may borrow a minimum of $1,000 from his account. | Audit report, p. 33 ↗ |
| Independent auditor | Deloitte and Touche LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,622 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Zeus: employer contribution per participant | $2,452 | |
| Peer median | $2,413 |
| Zeus: average balance | $91,682 | |
| Peer median | $86,434 |
| Zeus: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.12% |
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 $187M at the end of plan year 2023 to $208M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,274 | $208M | $5.6M | $2,452 | 0.03% | Quoted in the audit report, p. 32 ↗ | Form 5500 ↗ |
| 2023 | 2,336 | $187M | $4.6M | $2,009 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Zeus match 401(k) contributions?
The audit report attached to the Zeus 401(k) Plan's plan year 2024 Form 5500, page 32 says: “Effective as of January 1, 2024, the Employer signed an adoption agreement for Qualified Automatic Contribution Arrangements (QACA) Safe Harbor plan design which resulted in the Employer making matching contributions of 100% of the first 1% of a participant’s salary reduction contribution and a 50% match of the remaining 5% of the participant’s salary reduction contribution. For periods prior to 2024, the Employer made matching contributions of 50% of the amount of the participant’s salary reduction contribution up to the first 6% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Zeus 401(k) match vested?
The vesting schedule for the Zeus 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Zeus 401(k)?
The filing names Zeus Company LLC as plan administrator; it does not list a recordkeeper.
I left Zeus. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Zeus Company LLC, (803) 268-9500). The Zeus old 401(k) page lists the contacts from every plan filing. Find an old Zeus 401(k)
Data from the public Form 5500 annual reports Zeus 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 Zeus. Not financial advice. Report a correction · Methodology