MANITOWOC CO INC 401(k) match: 4% max
The Manitowoc Company, Inc. 401(k) Retirement Plan · MTW · CIK 61986
Maximum employer match, as a share of pay
4%
MANITOWOC CO INC matches 100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay, for a maximum employer match of 4% of pay.
From the Form 11-K filed June 12, 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 · what the plan reports to the DOL · how it compares · what to do next
What MANITOWOC puts in, and what the plan costs
What MANITOWOC put into the plan, per active participant
$5,307
MANITOWOC CO INC put $5,307 into this plan for each of its 1,747 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.
MANITOWOC put in more per active participant than 85% of plans with 1,000–4,999 participants in industrial and materials manufacturing. The middle plan in that group of 766 reported $2,514. Industrial and materials manufacturing comes from business code 333100, which MANITOWOC 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 MANITOWOC 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 390448110, plan 001 · DOL EFAST2 ↗
The $5,307 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. MANITOWOC CO INC also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,980 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 MANITOWOC puts in
$1,980
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company provides a safe harbor matching contribution for non-union employees equal to 100% of the first 3% of contributed compensation and 50% of the next 2%, which vests immediately. For certain union employees, the Company provides a safe harbor match of either 100% of the first 3% of contributed compensation or 100% of the first 3% and 50% of the next 2%, depending on the applicable union agreement. In addition, the Company makes an annual non-elective contribution for union employees and may provide a discretionary profit-sharing contribution for non-union employees. For the year ended December 31, 2025, the Company made non-elective contributions of $148,554 for union employees and did not make a profit-sharing contribution for non-union employees. The safe harbor match true-up for 2025 totaled $165,559. Total employer contributions to a participant’s account are limited to the lesser of 100% of the participant’s annual compensation or the maximum amount permitted under IRS regulations.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 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 253 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
“All employee contributions, the Company matching contributions, and associated earnings are immediately vested. Discretionary profit-sharing and non-elective contributions vest at a rate of 20% per year, with participants becoming fully vested after five years of service. Participants who have not attained 5 years of service and leave the Company because of reaching age 65, or due to disability, or death, are considered to be 100% vested.”
The plan tops the match up after year end, so contributing unevenly through the year does not cost the worker part of it.
The same match paragraph, word for word
“The Company provides a safe harbor matching contribution for non-union employees equal to 100% of the first 3% of contributed compensation and 50% of the next 2%, which vests immediately. For certain union employees, the Company provides a safe harbor match of either 100% of the first 3% of contributed compensation or 100% of the first 3% and 50% of the next 2%, depending on the applicable union agreement. In addition, the Company makes an annual non-elective contribution for union employees and may provide a discretionary profit-sharing contribution for non-union employees. For the year ended December 31, 2025, the Company made non-elective contributions of $148,554 for union employees and did not make a profit-sharing contribution for non-union employees. The safe harbor match true-up for 2025 totaled $165,559. Total employer contributions to a participant’s account are limited to the lesser of 100% of the participant’s annual compensation or the maximum amount permitted under IRS regulations.”
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
70th percentile
$117.66 per participant in plan-paid administrative cost, more expensive than 70% of plans with 1,000–4,999 participants.
What is MANITOWOC's 401(k) match formula?
MANITOWOC's 401(k) employer match tops out at 4% of pay. The plan pays an annual true-up. What an annual true-up repays is the arithmetic behind that line: it matters most in a year when contributions land unevenly.
| Match formula | 100% (dollar-for-dollar) of the first 3% of pay |
|---|---|
| then | 50% of the next 2% of pay |
| Maximum employer match | 4% of compensation |
| True-upA year-end recalculation that repays match lost to uneven contributions. | Yes, annual true-up |
| Conditions | The 100% of the first 3% and 50% of the next 2% safe harbor match covers non-union employees. For certain union employees the safe harbor match is either 100% of the first 3% of contributed compensation, or 100% of the first 3% and 50% of the next 2%, depending on the applicable union agreement. |
| Other employer contribution | Annual non-elective contribution for union employees; $148,554 was contributed for the year ended December 31, 2025 |
| Other employer contribution | Discretionary profit-sharing contribution for non-union employees; none was made for the year ended December 31, 2025 |
At a $75,000 salary, contributing 5% ($3,750) earns the full employer match of $3,000 for the year.
What the filing says, word for word
“The Company provides a safe harbor matching contribution for non-union employees equal to 100% of the first 3% of contributed compensation and 50% of the next 2%, which vests immediately. For certain union employees, the Company provides a safe harbor match of either 100% of the first 3% of contributed compensation or 100% of the first 3% and 50% of the next 2%, depending on the applicable union agreement. In addition, the Company makes an annual non-elective contribution for union employees and may provide a discretionary profit-sharing contribution for non-union employees. For the year ended December 31, 2025, the Company made non-elective contributions of $148,554 for union employees and did not make a profit-sharing contribution for non-union employees. The safe harbor match true-up for 2025 totaled $165,559. Total employer contributions to a participant’s account are limited to the lesser of 100% of the participant’s annual compensation or the maximum amount permitted under IRS regulations.”
Source: Form 11-K filed June 12, 2026, SEC EDGAR · SEC ↗
What is MANITOWOC's 401(k) vesting schedule?
MANITOWOC 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 | Discretionary profit-sharing and non-elective contributions vest at a rate of 20% per year and are fully vested after five years of service; participants who leave because of reaching age 65, disability, or death are considered 100% vested |
Vesting, word for word
“All employee contributions, the Company matching contributions, and associated earnings are immediately vested. Discretionary profit-sharing and non-elective contributions vest at a rate of 20% per year, with participants becoming fully vested after five years of service. Participants who have not attained 5 years of service and leave the Company because of reaching age 65, or due to disability, or death, are considered to be 100% vested.”
Source: Form 11-K filed June 12, 2026, SEC EDGAR · SEC ↗
Who can join MANITOWOC's 401(k), and is enrollment automatic?
MANITOWOC enrolls new hires automatically at 5% of pay.
| Plan entry | Substantially all salaried and hourly employees of participating companies, which include The Manitowoc Company, Inc. and all U.S. subsidiaries and affiliates as defined in the Plan |
|---|---|
| Automatic enrollment | Yes: default deferral 5% of pay |
Eligibility, word for word
“The Plan is a defined contribution profit-sharing plan covering substantially all salaried and hourly employees of participating companies of The Manitowoc Company, Inc. (the “Company”). Participating companies include the Company and all U.S. subsidiaries and affiliates of the Company, as defined in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). The Company Retirement Plan Committee (the “Committee”) is responsible for oversight of the Plan. The Committee determines the appropriateness of the Plan’s investment offerings, monitors investment performance, and reports to the Board of Directors.”
Automatic enrollment, word for word
“Employees are automatically entered into the Plan after meeting the applicable eligibility requirements, with a deferral of 5% of their compensation unless they affirmatively elect an alternative deferral amount or elect not to participate in the Plan. Participants may elect to change this deferral to an alternative amount by electing a deferral between 0% to 75% of eligible compensation up to a maximum contribution subject to limitations established by the Internal Revenue Service (“IRS”). Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. The Plan allows direct rollovers from other qualified plans. Rollovers are not matched.”
Source: Form 11-K filed June 12, 2026, SEC EDGAR · SEC ↗
What does the MANITOWOC plan report on Form 5500?
The MANITOWOC plan reported $323.6M in assets and 2,341 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 | The Manitowoc Company, Inc. 401(k) Retirement Plan |
|---|---|
| Total plan assets | $323,638,026 |
| Participants | 2,341 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $117.66 |
How that cost compares
This plan pays $117.66 per participant. The median across plans in industrial and materials manufacturing is $142.19, from the 5,709 of 6,008 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
How does MANITOWOC's 401(k) match compare?
MANITOWOC CO INC's maximum 401(k) match of 4% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in industrial and materials manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also in industrial and materials manufacturing.
Maximum match 4% of pay. Also in industrial and materials manufacturing.
Maximum match 4% of pay. Also in industrial and materials manufacturing.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Vests immediately too, like MANITOWOC.
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 12, 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.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is MANITOWOC CO INC's 401(k) match?
The Manitowoc Company, Inc. matches 100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay, for a maximum employer match of 4% of compensation (plan year ended December 31, 2025).
When does the MANITOWOC CO INC 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does MANITOWOC CO INC's 401(k) plan have automatic enrollment?
Yes: default deferral 5% of pay.
Cite: 401(k) Monitor, “MANITOWOC CO INC 401(k) plan facts”, from SEC Form 11-K accession 0001193125-26-269391, plan year ended 2025-12-31.