Plan Snapshot
- Plan Sponsor: Materion Corporation
- Sponsor EIN: 341919973
- Sponsor Address: 6070 PARKLAND BLVD., MAYFIELD HEIGHTS, OH, 44124
- Plan Type: DB
- Plan Number: 001
- Total Participants: 455
- Total Assets: $129.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 455 | $129.3M | $0 | $0 |
| 2023 | 503 | $131.3M | $0 | $0 |
| 2022 | 566 | $134.5M | $0 | $0 |
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 WORKPLACE CONSULTING | Other Service Provider | $213,376 | — | $213,376 |
| LEGAL AND GENERAL INVESTMENT | Other Service Provider | $147,503 | — | $147,503 |
| CLEARSTEAD ADVISORS, LLC | Other Service Provider | $100,120 | — | $100,120 |
| WILLIS TOWERS WATSON US LLC | Recordkeeper | $78,313 | — | $78,313 |
| FIFTH THIRD CUSTODY | Other Service Provider | $43,495 | — | $43,495 |
| VICTORY CAPITAL MANAGEMENT INC. | Investment Advisor | $16,395 | — | $16,395 |
| RIOT CREATIVE IMAGING | Other Service Provider | $13,963 | — | $13,963 |
| MEADEN & MOORE, LTD. | Auditor | $13,500 | — | $13,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — Recordkeeper
- VICTORY CAPITAL MANAGEMENT INC. — Investment Advisor
- MEADEN & MOORE, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $626,665
- Estimated Expense Ratio: 0.485% 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 |
|---|---|---|---|---|---|
| 2024 | $750,296 | $477,395 | — | $13,500 | — |
| 2023 | $898,469 | $626,328 | — | $26,000 | — |
| 2022 | $436,519 | $71,932 | $53,627 | — | $204,568 |