Plan Snapshot
- Plan Sponsor: Masterbrand, INC.
- Sponsor EIN: 883479920
- Sponsor Address: 3300 ENTERPRISE PARKWAY, BEACHWOOD, OH, 44122
- Plan Type: 401(k)
- Plan Number: 008
- Total Participants: 10,019
- Total Assets: $684.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 10,019 | $684.7M | $0 | $0 |
| 2024 | 6,582 | $544.3M | $16.9M | $26.3M |
| 2023 | 6,062 | $484.7M | $15.7M | $24.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $522,539 | — | $522,539 |
| FINANCIAL ENGINES | Investment Advisor | $129,928 | — | $129,928 |
| AON CONSULTING, INC. | Investment Advisor | $76,682 | — | $76,682 |
| BDO USA, P.C. | Auditor | $62,900 | — | $62,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $792,049
- Estimated Expense Ratio: 0.116% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $66,757,904 | $129,928 | $2,100 | $62,900 | — |
| 2024 | $650,641 | $108,875 | $3,600 | $60,600 | — |
| 2023 | $644,824 | $130,106 | $5,400 | $20,000 | — |