Industrial and materials manufacturing 401(k) plans

Name: Median plan-paid 401(k) administrative cost per participant, industrial and materials manufacturing
Creator: 401(k) Monitor
License: https://401kmonitor.com/licence/

The median 401(k) plan in industrial and materials manufacturing paid $142.19 per participant per year in plan-paid administrative fees, computed from 5,709 of the 6,008 industrial and materials manufacturing plans published here, form year 2024.

Computed from DOL EFAST2 Form 5500 bulk data, not surveys. The 57,824 plans published so far are a subset of the 57,824 large plans in the form-year-2024 data, so this median describes the published subset, not the whole industry.

$142.19

Median plan-paid administrative cost per participant per year among 5,709 industrial and materials manufacturing plans with usable fee data, form year 2024.

$20.02 above the $122.17 median across all published plans.

How do industrial and materials manufacturing 401(k) fees compare?

Industrial and materials manufacturing median$142.19

All published plans$122.17

Plan size drives fees more than industry does: bigger plans pay less per head. See median fees by plan size before reading an industry gap as an industry effect.

130 of the biggest industrial and materials manufacturing 401(k) plans

The industrial and materials manufacturing plans this site submits to search engines come first, then the rest; each group is ranked by active participants. Assets are Schedule H total assets at end of plan year. Fee is plan-paid admin cost per participant. Amounts in USD.
Plan	Sponsor	Active participants	Assets	Fee ($)
Burlington Stores Savings Plan	Burlington Coat Factory Warehouse Corporation	68,833	$457.0M	12.23
Caterpillar 401(k) Savings Plan	Caterpillar Inc.	44,489	$18.8B	136.10
WestRock Company 401(k) Retirement Savings Plan	WestRock Company	31,545	$5.0B	74.99
Cummins Retirement And Savings Plan	Cummins Inc.	28,337	$6.4B	n/a
Intuit Inc. 401(k) Plan	Intuit Inc.	24,200	$3.7B	7.34
Danaher Corporation & Subsidiaries Savings Plan	Danaher Corporation	23,252	$6.5B	76.12
Trane Technologies Employee Savings Plan (Esp)	Trane Technologies Company LLC	21,584	$7.5B	n/a
Schneider Electric 401(k) Plan	Schneider Electric Holdings, Inc.	20,597	$5.1B	90.85
International Paper Company Hourly Savings Plan	International Paper Company	19,680	$1.8B	47.13
Precision Castparts Corp. 401(k) Retirement Savings Plan	Precision Castparts Corp.	17,695	$2.5B	50.12
Whirlpool 401(k) Retirement Plan	Whirlpool Corporation	17,341	$3.5B	86.96
Berry Global Employees 401(k) Retirement Plan	Berry Global, Inc.	17,041	$1.1B	24.15
Bridgestone Americas, Inc. Incentive Savings Plan	Bridgestone Americas, Inc.	16,863	$657.3M	47.94
Shaw Industries Group, Inc. Retirement Savings Plan	Shaw Industries Group, Inc.	16,672	$1.7B	98.89
Cornerstone Building Brands 401(k) Profit Sharing Plan	Cornerstone Building Brands, Inc.	16,061	$845.3M	46.28
Itw Savings And Investment Plan	Illinois Tool Works Inc.	15,573	$4.2B	74.39
Georgia-Pacific LLC 401(k) Retirement Savings Plan	Georgia-Pacific LLC	15,495	$4.7B	78.71
Georgia-Pacific LLC Hourly 401(k) Plan	Georgia-Pacific LLC	15,433	$1.5B	94.66
Michelin 401(k) Savings Plan	Michelin North America, Inc. C/O Retirement Manager	15,068	$4.5B	53.80
Emerson Savings Plan	Emerson Electric Company	14,639	$7.4B	83.07
Assa Abloy Inc. Retirement Savings Plan	Assa Abloy Incorporated	14,342	$1.3B	51.27
Vf 401(k) Savings Plan	Vf Corporation	14,211	$1.1B	52.88
Marmon Employees' Retirement Plan	Marmon Holdings, Inc.	14,175	$1.7B	68.32
Abb Inc. Retirement Savings Plan	Abb Inc.	14,095	$3.3B	56.29
Rr Donnelley Savings Plan	R. R. Donnelley & Sons Company	13,854	$1.4B	118.30
Crown Equipment Corporation 401(k) Retirement Savings Plan And Trust	Crown Equipment Corporation	13,821	$1.3B	71.44
Andersen 401(k) Plan	Andersen Corporation	13,271	$1.5B	60.51
TI Contribution And 401(k) Savings Plan	Texas Instruments Incorporated	13,175	$8.1B	184.48
Cleveland-Cliffs Steel LLC Hourly 401(k) Plan	Cleveland-Cliffs Steel LLC	12,799	$1.7B	6.40
The Quikrete Companies Profit Sharing And Tax Deferred Plan	The Quikrete Companies, LLC	12,724	$622.1M	86.97
Under Armour 401(k) Plan	Under Armour, Inc.	12,621	$382.2M	32.87
International Paper Company Salaried Savings Plan	International Paper Company	12,229	$5.0B	105.45
The Daikin 401(k) Plan	Daikin Comfort Technologies Manufacturing, L.P.	12,035	$635.3M	58.90
Packaging Corporation Of America Thrift Plan For Hourly Employees	Packaging Corporation Of America	11,794	$1.3B	121.76
Uss 401(k) Plan For Usw-Represented Employees	United States Steel Corporation And Affiliated Cos.	11,419	$1.4B	65.36
Dover Corporation Retirement Savings Plan	Dover Corporation	11,251	$1.9B	74.29
Bridgestone Americas, Inc. Tax-Efficient Savings Plan	Bridgestone Americas, Inc.	11,171	$2.5B	73.17
Sonoco Retirement & Savings Plan	Sonoco Products Company	11,080	$1.7B	114.78
Retirement Savings Plan For Employees Of Continental-Rubber	Continental Tire The Americas, LLC	10,839	$1.3B	87.50
Mohawk Industries Retirement Plan 1	Mohawk Carpet, LLC	10,526	$251.2M	54.97
Dart Container Corporation Employees' 401(k) Plus Plan	Dart Container Of Michigan LLC	10,480	$1.0B	54.97
Carrier Retirement Savings Plan	Carrier Global Corporation	10,233	$998.1M	109.03
The Goodyear Tire & Rubber Company Employee Savings Plan For Salaried Employees	The Goodyear Tire & Rubber Company	9,715	$2.5B	n/a
Saint-Gobain Corporation 401(k) Plan For Hourly Employees	Saint-Gobain Corporation	9,663	$737.5M	89.07
Lippert Components, Inc. Employee Retirement Savings Plan	Lippert Components, Inc.	9,605	$304.3M	60.38
Cnh Industrial U.S. Retirement Savings Plan	Case New Holland Industrial Inc.	9,601	$2.3B	69.42
Fortive Retirement Savings Plan	Fortive Corporation	9,525	$2.1B	92.48
Gpi Savings Plan	Graphic Packaging International, LLC	9,359	$1.3B	53.22
Pratt Industries, Inc. 401(k) Profit Sharing Plan	Pratt Industries U.S.A., Inc.	9,240	$551.8M	110.08
Transdigm Inc. 401(k) Plan	Transdigm Inc.	9,035	$1.5B	39.94
Employee Savings Plan	Pactiv Evergreen Services Inc.	8,977	$1.0B	83.00
Usw Industry 401(k) Plan	The Board Of Trustees Usw Industry 401(k) Fund	8,869	$398.2M	79.38
Commercial Metals Companies Retirement Plan	Commercial Metals Company	8,704	$1.5B	73.52
Masco Corporation 401(k) Plan	Masco Corporation	8,523	$1.7B	45.66
Quad/Graphics Diversified Plan	Quad/Graphics, Inc.	8,513	$2.1B	78.72
The Goodyear Tire & Rubber Company Savings Plan For Retail Employees	The Goodyear Tire & Rubber Company	8,482	$265.4M	n/a
Taylor Corporation 401(k) Plan	Taylor Corporation	8,381	$910.3M	46.15
Xylem Retirement Savings Plan	Xylem Inc.	8,288	$1.8B	126.67
Te Connectivity Retirement Savings And Investment Plan	Te Connectivity Corporation	8,252	$3.1B	108.21
Rockwell Automation Retirement Savings Plan	Rockwell Automation	8,097	$3.8B	n/a
The Marvin Companies Profit Sharing And 401(k) Plan	Marvin Lumber And Cedar Company	7,932	$692.9M	110.92
Weyerhaeuser 401(k) Plan	Weyerhaeuser Company	7,901	$2.4B	69.16
Patrick Industries, Inc. 401(k) Employee Savings Plan	Patrick Industries, Inc.	7,812	$157.0M	54.75
Cardinal Cash-In II Plan	Cardinal Glass Industries	7,811	$676.5M	57.14
Hubbell Incorporated Employee Savings & Investment Plan	Hubbell Incorporated	7,630	$1.2B	94.78
Mohawk Industries Retirement Plan 2	Mohawk Carpet, LLC	7,233	$912.0M	7.19
The Toro Company Retirement Plan	The Toro Company	6,972	$1.4B	30.66
Sealed Air Corporation 401(k) And Profit Sharing Plan	Sealed Air Corporation	6,878	$1.5B	64.01
Caterpillar Inc. Tax Deferred Retirement Plan	Caterpillar Inc.	6,852	$748.9M	73.68
The Oxford Industries, Inc. Retirement Savings Pla	Oxford Industries, Inc.	6,797	$218.4M	28.93
Saint-Gobain Corporation 401(k) Plan For Salaried Employees	Saint-Gobain Corporation	6,770	$1.8B	115.10
Greif 401(k) Retirement Plan	Greif Packaging LLC	6,763	$863.4M	69.54
Msc Industrial Direct 401(k) Plan	Msc Industrial Direct Co., Inc.	6,667	$708.9M	41.50
Retirement Savings Plan For Daikin Group Affiliated Companies	Daikin Applied Americas Inc.	6,659	$589.8M	86.15
Snap-On Incorporated 401(k) Savings Plan	Snap-On Incorporated	6,599	$983.3M	61.87
Amcor 401(k) Plan	Amcor Flexibles North America, Inc.	6,523	$1.2B	168.21
Adidas 401(k) Savings And Retirement Plan	Adidas America, Inc.	6,427	$956.2M	46.60
Usg Corporation Investment Plan	Usg Corporation	6,416	$1.0B	72.12
Valmont Employee Retirement Savings Plan	Valmont Industries, Inc.	6,316	$665.5M	104.24
Novolex Holdings, LLC 401(k) Plan	Novolex Holdings, LLC	6,230	$385.3M	93.55
Molex Retirement And Savings Plan	Molex, LLC	6,224	$1.3B	35.40
Smiths Group Incentive Savings Plan	Smiths Group Services Corporation	6,215	$1.0B	45.44
Sierra Pacific Ind Employees' Retirement Plan	Sierra Pacific Industries, Inc.	6,207	$675.1M	41.74
Generac Power Systems, Inc. Employees 401(k) Savings Plan	Generac Power Systems, Inc.	6,175	$343.6M	61.13
Employee Savings And Investment Plan Of Levi Strauss & Co.	Levi Strauss & Co.	6,160	$1.0B	59.23
The Middleby Corporation Profit Sharing Plan	The Middleby Corporation	6,144	$378.0M	26.11
Carters 401(k) Savings Plan	The William Carter Company	6,091	$318.7M	64.11
Southwire Company Hourly 401(k) Plan	Southwire Company, LLC	6,073	$250.2M	68.30
Avery Dennison Corporation Employee Savings Plan	Avery Dennison Corporation	6,059	$1.4B	98.21
Freudenberg Companies 401(k) Retirement Plan	Freudenberg North America Lp	5,985	$619.2M	98.19
Johns Manville Employees 401(k) Plan	Johns Manville Corporation	5,957	$1.1B	61.22
The Goodyear Tire & Rubber Company Employee Savings Plan For Bargaining Unit Employees	The Goodyear Tire & Rubber Company	5,878	$792.2M	n/a
Pitney Bowes Inc. 401(k) Plan	Pitney Bowes Inc.	5,862	$1.7B	86.88
Terex Corporation And Affiliates 401(k) Retirement Savings Plan	Terex Corporation	5,794	$687.4M	95.68
Menasha Corporation 401(k) Retirement Savings Plan	Menasha Corporation	5,756	$692.6M	63.79
The Timken Company Savings And Investment Retirement Plan	The Timken Company	5,749	$1.2B	100.75
Heico Holding, Inc. 401(k) Plan	Heico Holding, Inc.	5,714	$437.5M	44.84
The Milliken Retirement Plan	Milliken & Company	5,691	$1.4B	81.22
Barry-Wehmiller Companies' 401(k) Retirement Savings Plan	Barry-Wehmiller Companies, Inc.	5,631	$1.0B	92.29
My Savings Plan	Haier US Appliance Solutions, Inc.	5,568	$840.2M	89.09
Netapp, Inc. Employees' 401(k) Savings Plan	Netapp Inc.	5,559	$2.2B	20.98
Owens Corning Savings And Security Plan	Owens Corning	5,552	$629.1M	66.50
The Lincoln Electric Company Employee Savings Plan	The Lincoln Electric Company	5,539	$1.1B	35.28
Prysmian Group 401(k) Plan	Prysmian Cables And Systems (US) Inc.	5,471	$703.3M	78.60
Arconic Corp. Hourly 401(k) Plan	Arconic Corporation	5,436	$750.8M	132.84
Novelis Savings And Retirement Plan	Novelis Corp.	5,367	$1.5B	155.07
Hydro Extrusion USA, LLC Savings Plan	Hydro Extrusion USA, LLC	5,364	$535.0M	86.99
Miter Brands 401(k) Plan	Mi Windows And Doors, LLC	5,362	$303.8M	148.42
Trane 401(k) And Thrift Plan	Trane U.S. Inc.	5,330	$248.4M	n/a
Ingersoll Rand Retirement Savings Plan	Industrial Technologies And Services, LLC	5,294	$1.4B	77.93
Schlage Lock Company LLC Employee Savings Plan	Schlage Lock Company LLC	5,271	$976.1M	82.94
Gpi Hourly Savings Plan	Graphic Packaging International, LLC	5,269	$565.8M	74.25
Advanced Drainage Systems, Inc. Retirement And Stock Ownership Plan	Advanced Drainage Systems, Inc.	5,249	$1.1B	97.56
Mauser Packaging Solutions 401(k) Plan	Bway Corporation	5,218	$357.0M	88.36
Schaeffler Group USA Savings Retirement Plan	Schaeffler Group USA Inc.	5,149	$800.1M	25.27
Lennox International Inc. 401(k) For Hourly Employees	Lennox International Inc.	5,006	$129.3M	58.39
Regal Rexnord Retirement Savings Plan	Regal Rexnord Corporation	4,996	$656.4M	62.15
Multi-Color 401(k) Savings Plan	Multi-Color Corporation	4,946	$466.7M	78.40
Vestas America Holding, Inc. 401(k) Plan	Vestas America Holding, Inc.	4,895	$380.7M	57.64
Amsted Industries Employees Capital Accumulation Plan	Amsted Industries, Inc.	4,862	$834.8M	67.81
A O Smith Retirement Security Plan	A O Smith Corporation	4,854	$617.7M	n/a
401(k) Retirement Plan For Reynolds Consumer Products	Reynolds Consumer Products LLC	4,796	$632.6M	124.73
American Bath Group 401(k) Plan	Abg Operating, LLC	4,778	$124.1M	43.46
Agco Corporation Savings Plan	Agco Corporation	4,769	$757.3M	87.36
Poly-America, L.P. Retirement Plan	Poly-America, L.P.	4,715	$233.1M	15.95
Deluxe Corporation 401(k) Plan	Deluxe Corporation	4,706	$1.5B	224.87
New Balance Athletics Employee Savings And Security Plan	New Balance Athletics, Inc.	4,704	$492.8M	157.27
48forty Solutions 401(k) Plan	48forty Solutions, LLC	4,694	$53.8M	26.73
Nidec Motor Corporation Employee Savings Investment Plan	Nidec Motor Corporation	4,659	$649.9M	107.86
Aaon, Inc. Savings And Investment Plan	Aaon, Inc.	4,648	$448.8M	87.22

All 6,008 industrial and materials manufacturing plans on file are listed below by size, and every one of them is searchable from the home page.

Every Industrial and materials manufacturing plan, by size

The table above is the top of the list. These 26 pages hold all 6,008 plans on file in industrial and materials manufacturing, split by how many people are in them, each ranked by active participants.

100 to 499 participants · 4,164 plans
Pages1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
500 to 999 participants · 855 plans
Pages1 2 3 4
1,000 to 4,999 participants · 800 plans
Pages1 2 3 4
5,000 or more participants · 189 plans

Which industrial and materials manufacturing companies disclose their 401(k) match?

For these 11 employers we also read the SEC Form 11-K and extracted the match terms, matched to this industry by the plan’s EIN.

AZZ Inc.
100% (dollar-for-dollar) of the first 1% of pay, then 50% of the next 5% of pay
Danaher Corporation
100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay
Dover Corporation
100% (dollar-for-dollar) of the first 1% of pay, then 50% of the next 5% of pay
Emerson Electric Co.
Match set at the company's discretion each year; the rate is not disclosed in the filing
General Electric Company (GE Aerospace)
50% of the first 8% of pay
GREIF, INC
Match set at the company's discretion each year; the rate is not disclosed in the filing
Illinois Tool Works Inc.
100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 3% of pay
International Paper Company
50% of the first 6% of pay
LINCOLN ELECTRIC HOLDINGS INC
100% (dollar-for-dollar) of the first 3% of pay
LOUISIANA-PACIFIC CORP
100% (dollar-for-dollar) of the first 4% of pay, then 50% of the next 2% of pay
Vertiv Holdings Co
50% of the first 6% of pay

Which employers count as industrial and materials manufacturing here?

The remaining manufacturing codes: textiles through printing (313000 to 323999), plastics and minerals (326100 to 327999), metals and machinery (331110 to 333999), and electrical equipment (335100 to 335999). Sponsors here include Caterpillar, Nucor and General Electric.

The code is the IRS principal business activity code the sponsor itself puts on Form 5500, line 2d. Medians count only plans whose Schedule H shows a positive plan-paid administrative expense (5,709 of 6,008 plans here). Plan-paid expenses exclude fund expense ratios and employer-paid bills, so every figure is a floor, not the all-in cost. Latest filing in this group received by the DOL July 23, 2026; source dataset last refreshed July 28, 2026. Full methodology

Cite this page

401(k) Monitor, “Industrial and materials manufacturing 401(k) plans: median plan-paid administrative cost per participant”, computed from DOL EFAST2 Form 5500 bulk data, form year 2024.