TEREX CORP 401(k): Fidelity, match 5% max
Terex Corporation and Affiliates’ 401(k) Retirement Savings Plan · TEX · CIK 97216
Fidelity Investments 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.
Maximum employer match, as a share of pay
5%
TEREX CORP matches 100% (dollar-for-dollar) of the first 5% 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 · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What TEREX puts in, and what the plan costs
What TEREX put into the plan, per active participant
$2,769
TEREX CORP put $2,769 into this plan for each of its 5,794 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.
TEREX put in less per active participant than 63% of plans with 5,000+ participants in industrial and materials manufacturing. The middle plan in that group of 178 reported $3,585. Industrial and materials manufacturing comes from business code 333100, which TEREX 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.
What this figure cannot separate: how much TEREX 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 341531521, plan 004 · DOL EFAST2 ↗
The $2,769 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. TEREX CORP also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 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 TEREX puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company made a profit-sharing contribution to each ESG Participant’s profit-sharing contribution account during 2025 in the amount of 5% of such Participant’s compensation earned from October 8, 2024 through December 31, 2024. Such profit sharing contribution was made regardless of whether the ESG Participant was a Participant or an active Eligible Employee of the Company or a participating employer as of December 31, 2024. Such amounts were fully vested and nonforfeitable and included as employer contributions receivable on the Statement of Net Assets Available for Benefits for the year ended December 31, 2024. The Company provides safe harbor matching contributions of 100% of Participant contributions to the Plan up to a maximum of 5% of their compensation. The Company may make, at its sole discretion, supplementary contributions. There were no supplementary contributions made for the year ended December 31, 2025.”
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 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
“Vesting – Participants are fully vested immediately in their voluntary contributions and all Company safe harbor matching contributions, plus any actual earnings thereon.”
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
81st percentile
$95.68 per participant in plan-paid administrative cost, more expensive than 81% of plans with 5,000+ participants.
What is TEREX's 401(k) match formula?
TEREX's 401(k) employer match tops out at 5% of pay. The match is deposited each payroll. 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 5% of pay |
|---|---|
| Maximum employer match | 5% of compensation |
| Deposited | Each payroll |
| Other employer contribution | The Company made a profit-sharing contribution to each ESG Participant’s profit-sharing contribution account during 2025 in the amount of 5% of such Participant’s compensation earned from October 8, 2024 through December 31, 2024. |
| Other employer contribution | The Company may make, at its sole discretion, supplementary contributions. There were no supplementary contributions made for the year ended December 31, 2025. |
At a $45,000 salary, contributing 5% ($2,250) earns the full employer match of $2,250 for the year.
What the filing says, word for word
“The Company made a profit-sharing contribution to each ESG Participant’s profit-sharing contribution account during 2025 in the amount of 5% of such Participant’s compensation earned from October 8, 2024 through December 31, 2024. Such profit sharing contribution was made regardless of whether the ESG Participant was a Participant or an active Eligible Employee of the Company or a participating employer as of December 31, 2024. Such amounts were fully vested and nonforfeitable and included as employer contributions receivable on the Statement of Net Assets Available for Benefits for the year ended December 31, 2024. The Company provides safe harbor matching contributions of 100% of Participant contributions to the Plan up to a maximum of 5% of their compensation. The Company may make, at its sole discretion, supplementary contributions. There were no supplementary contributions made for the year ended December 31, 2025.”
Source: Form 11-K filed June 12, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is TEREX's 401(k) vesting schedule?
TEREX 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 |
Vesting, word for word
“Vesting – Participants are fully vested immediately in their voluntary contributions and all Company safe harbor matching contributions, plus any actual earnings thereon.”
Source: Form 11-K filed June 12, 2026, SEC EDGAR · SEC ↗
Who can join TEREX's 401(k), and is enrollment automatic?
TEREX enrolls new hires automatically at 2% of pay.
| Plan entry | Eligible Employees may begin participation on the first day of the month following their hiring. |
|---|---|
| Excluded groups | Effective February 1, 2026 the Plan was amended to reflect that an Eligible Employee does not include any Employee: (a) who is included in a collective bargaining unit, unless the participating employer's collective bargaining agreement with that unit specifically provides that such unit's members shall be covered by the Plan, (b) who is a leased employee (as defined in Code Section 414(n)(2)), or (c) who was employed by REV Group, Inc. or any of its subsidiaries as of the day immediately prior to February 2, 2026, the date on which REV Group, Inc. merged with the Company or any of its subsidiaries. |
| Automatic enrollment | Yes: default deferral 2% of pay; 35-day opt-out window; default investment: A qualified default investment alternative |
Eligibility, word for word
“Eligible Employees may begin participation on the first day of the month following their hiring. On October 8, 2024, the Company completed its acquisition of Environmental Solutions Group ("ESG") from Dover Corporation. In connection with the acquisition, the Plan was amended to include ESG’s subsidiaries - Marathon Equipment Company (Delaware), So. Cal. Soft-Pak, Incorporated, and The Heil Co. - as new participating employers. An Eligible Employee who was employed by Marathon Equipment Company (Delaware), The Heil Co., or So. Cal. Soft-Pak, Incorporated as of October 7, 2024, is defined as an “ESG Participant.” Additionally, per the terms of this amendment, no ESG Participant was permitted to enter the Plan or otherwise become a Participant for elective contribution, matching contribution or voluntary contribution purposes until December 23, 2024. Effective February 1, 2026 the Plan was amended to reflect that an Eligible Employee does not include any Employee: (a) who is included in a collective bargaining unit, unless the participating employer's collective bargaining agreement with that unit specifically provides that such unit's members shall be covered by the Plan, (b) who is a leased employee (as defined in Code Section 414(n)(2)), or (c) who was employed by REV Group, Inc. or any of its subsidiaries as of the day immediately prior to February 2, 2026, the date on which REV Group, Inc. merged with the Company or any of its subsidiaries.”
Automatic enrollment, word for word
“All employees under the Plan are subject to automatic enrollment for Participant pre-tax contributions equal to 2% of their compensation if they do not elect to designate a portion of their compensation as an elective contribution (including zero percent) within their first 35 days of participation. Participants may elect to opt out of automatic enrollment.”
Source: Form 11-K filed June 12, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. 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.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the TEREX plan report on Form 5500?
The TEREX plan reported $687.4M in assets and 6,676 participants for plan year 2024.
| Total plan assets | $687,393,596 |
|---|---|
| Participants | 6,676 |
| Plan-paid admin cost per participant | $95.68 |
How that cost compares
This plan pays $95.68 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.
How does TEREX's 401(k) match compare?
TEREX CORP's maximum 401(k) match of 5% 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 industrial and materials manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in industrial and materials manufacturing.
Maximum match 6% of pay. Also in industrial and materials manufacturing.
Maximum match 5% of pay. Also in industrial and materials manufacturing.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 3% of pay. Vests immediately too, like TEREX.
What can you do next?
- 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.
Questions this filing answers
What is TEREX CORP's 401(k) match?
Terex Corp matches 100% of employee contributions up to 5% of eligible pay (plan year ended December 31, 2025).
When does the TEREX CORP 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does TEREX CORP's 401(k) plan have automatic enrollment?
Yes: default deferral 2% of pay; 35-day opt-out window; default investment: A qualified default investment alternative.
Who is the recordkeeper for TEREX CORP's 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Terex Corporation And Affiliates 401(k) Retirement Savings 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.
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 TEREX CORP 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 | TEREX CORP |
| SEC CIK | 97216 |
| Accession number | 0000097216-26-000101 |
| Plan | Terex Corporation and Affiliates’ 401(k) Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 12, 2026 |
401(k) Monitor is not affiliated with TEREX CORP, 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, “TEREX CORP 401(k) plan facts”, from SEC Form 11-K accession 0000097216-26-000101, plan year ended December 31, 2025.
