Retirement plan

THE MATHWORKS 401(K) RETIREMENT PLAN

Name: THE MATHWORKS, INC. - THE MATHWORKS 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: THE MATHWORKS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE MATHWORKS 401(K) RETIREMENT PLAN, THE MATHWORKS, INC.

THE MATHWORKS, INC.EIN 94-2960235Plan #001PY 2024

3 APPLE HILL DRIVE - NATICK, MA 01760508-647-7000mathworks.comLinkedIn5001-10000 employeescomputer software

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$1798.4M

+19.7% from 2023

Total participants

5,122

-2.0% from 2023

Average account balance

$352,081

+21.9% from 2023

Annual return

15.97%

-2.80 pp from 2023

Benchmarks

See 951 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort951 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.80B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$352K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

5,108

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$126

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$266,746
FINANCIAL FINESSE5 years Filed as: FINANCIAL FINESSE INC Service code 28 · EIN 94-3333910	Investment Management	$107,010
ROCATON INVESTMENT ADVISORS, LLC4 years Filed as: ROCATON INVESTMENT ADVISORS LLC Service code 28 · EIN 04-3638035	Investment Management	$105,484
FISHER INVESTMENTS6 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$38,885
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Securit...	$32,461
BDO USA, LLP1 year Filed as: BDO SEIDMAN LLP Service code 10 · EIN 13-5381590	Accounting	$32,400
HERITAGE FINANCIAL SERVICES2 years Service code 26 · EIN 46-4420482	Advisory (Participants)	$13,482
JOHNSON BANK1 year Filed as: JOHNSON INVESTMENT COUNSEL INC Service code 26 · EIN 31-1801770	Advisory (Participants)	$9,647
SIGNATURE ESTATE & INVESTMENT5 years Service code 26 · EIN 95-4806910	Advisory (Participants)	$8,633
CREATIVE PLANNING LLC2 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$7,327

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$645K

$170 / participant

Recordkeeping$267K41.4%
Investment mgmt$346K53.6%
Other / not subdivided$32K5.0%

% of EOY assets

0.036%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BDO USA, P.C
Auditor EIN: 135381590
Audit fees: $32,390
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$352,081

$122,186+188.2%

$146,958+139.6%

$199,593+76.4%

Participation rate

99.6%

78.3%+21.3pp

82.2%+17.5pp

72.0%+27.7pp

Annual return

15.97%

30.56%-14.6pp

418.34%-402.4pp

34.25%-18.3pp

Employer contribution / active EE

$10,956

$4,093+167.7%

$4,933+122.1%

$3,034+261.1%

Participant deferral / active EE

$20,244

$8,502+138.1%

$8,070+150.9%

$5,087+298.0%

Admin fee / account holder

$126

$179-29.4%

$12,998-99.0%

$269-53.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$266,746

FINANCIAL FINESSE5 years

Filed as: FINANCIAL FINESSE INC

Service code 28 · EIN 94-3333910

Investment Management

$107,010

ROCATON INVESTMENT ADVISORS, LLC4 years

Filed as: ROCATON INVESTMENT ADVISORS LLC

Service code 28 · EIN 04-3638035

Investment Management

$105,484

FISHER INVESTMENTS6 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$38,885

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Securit...

$32,461

BDO USA, LLP1 year

Filed as: BDO SEIDMAN LLP

Service code 10 · EIN 13-5381590

Accounting

$32,400

HERITAGE FINANCIAL SERVICES2 years

Service code 26 · EIN 46-4420482

Advisory (Participants)

$13,482

JOHNSON BANK1 year

Filed as: JOHNSON INVESTMENT COUNSEL INC

Service code 26 · EIN 31-1801770

Advisory (Participants)

$9,647

SIGNATURE ESTATE & INVESTMENT5 years

Service code 26 · EIN 95-4806910

Advisory (Participants)

$8,633

CREATIVE PLANNING LLC2 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$7,327

THE MATHWORKS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE MATHWORKS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion