Plan Snapshot
- Plan Sponsor: Materion Corporation
- Sponsor EIN: 341919973
- Sponsor Address: 6070 PARKLAND BLVD., MAYFIELD HEIGHTS, OH, 44124
- Plan Type: 401(k)
- Total Participants: 2,270
- Total Assets: $465.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,270 | $465.8M | $13.0M | $18.9M |
| 2023 | 2,525 | $424.6M | $13.6M | $19.2M |
| 2022 | 2,640 | $357.5M | $13.9M | $18.9M |
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 | $212,880 | — | $212,880 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $101,623 | — | $101,623 |
| CLEARSTEAD ADVISORS, LLC | INVESTMENT ADVISOR | $51,876 | — | $51,876 |
| MEADEN & MOORE LTD | ACCOUNTANT/AUDITOR | $46,800 | — | $46,800 |
| THOMPSON HINE | ATTORNEY/LEGAL | $22,692 | — | $22,692 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- MEADEN & MOORE LTD — ACCOUNTANT/AUDITOR
- THOMPSON HINE — ATTORNEY/LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $435,871
- Estimated Expense Ratio: 0.094% 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 | $435,947 | $153,499 | $1,200 | $46,800 | — |
| 2023 | $444,504 | $85,327 | $2,700 | — | — |
| 2022 | $26,123 | $43,789 | — | — | — |