Hecla Mining Co 401(k): Vanguard, match 6% max
Hecla Mining Company Capital Accumulation Plan · HL · CIK 719413
Vanguard is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
6%
Hecla Mining Co matches 100% (dollar-for-dollar) of the first 6% of pay.
From the Form 11-K filed June 18, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Hecla Mining puts in, and what the plan costs
What Hecla Mining put into the plan, per active participant
$6,490
Hecla Mining Co put $6,490 into this plan for each of its 729 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Hecla Mining put in more per active participant than 56% of plans with 1,000–4,999 participants in oil, gas and mining. The middle plan in that group of 111 reported $5,043. Oil, gas and mining comes from business code 212200, which Hecla Mining entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much Hecla Mining pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 770664171, plan 004 · DOL EFAST2 ↗
The $6,490 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Hecla Mining Co also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,970 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Hecla Mining puts in
$2,970
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company makes matching contributions equal to 100% of deferred contributions, up to 6% of the participant’s eligible compensation.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participant contributions and the Company’s matching and discretionary contributions and earnings are 100% vested at all times.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
16th percentile
$28.65 per participant in plan-paid administrative cost, cheaper than 84% of plans with 1,000–4,999 participants.
What is Hecla Mining's 401(k) match formula?
Hecla Mining's 401(k) employer match tops out at 6% of pay. The match is deposited quarterly. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 6% of pay |
|---|---|
| Maximum employer match | 6% of compensation |
| Deposited | Quarterly |
| Paid in company stock | Yes |
| Other employer contribution | The Company may also make a discretionary profit-sharing contribution for any plan year. For the years ended December 31, 2025 and 2024, the Company did not make any discretionary profit-sharing contributions. |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $3,600 for the year.
What the filing says, word for word
“The Company makes matching contributions equal to 100% of deferred contributions, up to 6% of the participant’s eligible compensation.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Hecla Mining's 401(k) vesting schedule?
Hecla Mining vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | 100% vested at all times |
Vesting, word for word
“Participant contributions and the Company’s matching and discretionary contributions and earnings are 100% vested at all times.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who can join Hecla Mining's 401(k), and is enrollment automatic?
Hecla Mining enrolls new hires automatically at 3% of pay, rising 1% a year to 15% of pay.
| Plan entry | Immediately eligible to enroll in the Plan upon employment |
|---|---|
| Excluded groups | Non-resident aliens that have no earned income from the Company within the U.S., hourly employees at the Company’s Lucky Friday Mine who are included in the United Steelworkers of America Local 5114, and employees engaged through lease arrangements are not eligible to participate in the Plan. |
| Automatic enrollment | Yes: default deferral 3% of pay; auto-escalation +1%/yr to 15% |
Eligibility, word for word
“All salaried and substantially all non-union hourly employees of Hecla Mining Company (the “Company”), and its subsidiaries, who are residents of the United States are immediately eligible to enroll in the Plan upon employment. Non-resident aliens that have no earned income from the Company within the U.S., hourly employees at the Company’s Lucky Friday Mine who are included in the United Steelworkers of America Local 5114, and employees engaged through lease arrangements are not eligible to participate in the Plan.”
Automatic enrollment, word for word
“Employees who do not affirmatively specify their instructions with regard to participation in the Plan will automatically have 3% of their compensation reduced for contribution. Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions. Participants may also contribute amounts to the Plan previously contributed to another qualified plan. Contributions are subject to certain IRS limitations. Annually, on January 1, participants that were automatically enrolled in the Plan have their contribution rate increased by 1% until the contribution rate is 15%.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Vanguard, filed as “THE VANGUARD GROUP, INC.”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
2,337 plans on file name Vanguard as their recordkeeper. Of those, the 2,333 with a computable fee have a median plan-paid cost of $97.87 per participant.
Participants log in at Vanguard ↗. 401(k) Monitor is not affiliated with Vanguard or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Vanguard |
|---|---|
| Recordkeeper EIN | 231945930 |
What does the Hecla Mining plan report on Form 5500?
The Hecla Mining plan reported $162.9M in assets and 1,187 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Hecla Mining Company Capital Accumulation Plan |
|---|---|
| Total plan assets | $162,906,952 |
| Participants | 1,187 |
| Plan-paid admin cost per participant | $28.65 |
How that cost compares
This plan pays $28.65 per participant. The median across plans in oil, gas and mining is $124.28, from the 618 of 653 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Hecla Mining Company Capital Accumulation Plan, which has no page of its own here.
How does Hecla Mining's 401(k) match compare?
Hecla Mining Co's maximum 401(k) match of 6% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in oil, gas and mining, two report the same recordkeeper and one vests on the same schedule.
Maximum match 6% of pay. Also in oil, gas and mining.
Maximum match 6% of pay. Also in oil, gas and mining.
Maximum match 6% of pay. Also in oil, gas and mining.
Maximum match 6% of pay. Same recordkeeper, Vanguard.
Maximum match 6% of pay. Same recordkeeper, Vanguard.
Maximum match 6% of pay. Vests immediately too, like Hecla Mining.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 18, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Hecla Mining Co's 401(k) match?
Hecla Mining Co matches 100% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the Hecla Mining Co 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Hecla Mining Co's 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay; auto-escalation +1%/yr to 15%.
Who is the recordkeeper for Hecla Mining Co's 401(k)?
Vanguard is named as the recordkeeper on the Form 5500 filed for Hecla Mining Company Capital Accumulation Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Hecla Mining Co filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Hecla Mining Co |
| SEC CIK | 719413 |
| Accession number | 0001193125-26-275961 |
| Plan | Hecla Mining Company Capital Accumulation Plan |
| Period of report | December 31, 2025 |
| Filed | June 18, 2026 |
401(k) Monitor is not affiliated with Hecla Mining Co, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Hecla Mining Co 401(k) plan facts”, from SEC Form 11-K accession 0001193125-26-275961, plan year ended December 31, 2025.
