FMC Corporation 401(k) Review & Grade
FMC Corporation Savings and Investment Plan
Philadelphia, PAManufacturing1,210 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,050Employer $ per active participant
$15,005Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$633.2MNet plan assets, end of year
$264,283Average balance per account
Score breakdown
- Employer generosity49.3 / 5099th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 92th |
| Employee saving | 98th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $196,651 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- FMC put in about $12,050 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $14,580,509 |
| Participant (employee) contributions | $18,155,489 |
| Other contributions (incl. rollovers in) | $5,308,221 |
| Administrative expenses paid from the plan | $225,842 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $111,428 |
| Other admin expenses | $23,061 |
| Benefits paid out | $124,575,503 |
| Net assets, start / end of year | $634.3M / $633.2M |
| Active participants, start / end of year | 1,336 / 1,084 |
| Participants with account balances | 2,396 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mitchell and Titus LLP |
| Employer stock held by plan | $17,341,463 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $111,428 reported compensation |
| Fidelity Investments Institutional | $91,341 reported compensation |
| Aon Investments USA Inc. | $23,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250614063206NAL0016234291001, received 2025-06-14, EIN 94-0479804, plan #061, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.