Mativ Holdings, Inc. 401(k) Review & Grade
Mativ Holdings, Inc. 401(k) Retirement Plan
Alpharetta, GAManagement of Companies3,231 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,862Employer $ per active participant
$6,030Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$508.1MNet plan assets, end of year
$130,145Average balance per account
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 90th |
| Employee saving | 42th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($3,021,887 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $23,152 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mativ Holdings put in about $3,862 per active participant, more than the typical peer ($3,455). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $12,479,089 |
| Participant (employee) contributions | $19,482,177 |
| Other contributions (incl. rollovers in) | $2,966,061 |
| Administrative expenses paid from the plan | $149,603 |
| Other admin expenses | $149,603 |
| Benefits paid out | $77,181,470 |
| Net assets, start / end of year | $486.2M / $508.1M |
| Active participants, start / end of year | 3,780 / 2,682 |
| Participants with account balances | 3,904 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett LLC |
| Employer stock held by plan | $2,588,750 |
Largest service providers (Schedule C)
| Vanguard | $149,603 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003154019NAL0002576592001, received 2025-10-03, EIN 62-1612879, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.