Retirement plan

THE MATHWORKS 401(K) RETIREMENT PLAN

Name: THE MATHWORKS, INC. - THE MATHWORKS 401(K) RETIREMENT PLAN (2020) 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 2020

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)

$1158.3M

-14.3% from 2016

Total participants

4,451

-10.6% from 2016

Average account balance

$263,500

-4.0% from 2016

Annual return

16.64%

-10.76 pp from 2016

Benchmarks

See 755 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort755 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

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

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$244,917
THE PFE GROUP5 years Filed as: PFE ADVISORS, INC. Service code 28 · EIN 71-1036677	Investment Management	$240,993
FINANCIAL FINESSE1 year Filed as: FINANCIAL FINESSE INC Service code 28 · EIN 94-3333910	Investment Management	$17,280
BDO USA, LLP3 years Filed as: BDO USA LLP Service code 10 · EIN 13-5381590	Accounting	$16,500
CHARLES SCHWAB & CO., INC.6+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$10,458
FISHER INVESTMENTS2 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$8,370
SIGNATURE ESTATE & INVESTMENT1 year Service code 26 · EIN 95-4806910	Advisory (Participants)	$5,147
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59	Shareholder Servicing	$0

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

$527K

$155 / participant

Investment mgmt$268K50.8%
Other / not subdivided$259K49.2%

% of EOY assets

0.046%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$263,500

$127,481+106.7%

$149,751+76.0%

$90,274+191.9%

Participation rate

98.4%

78.2%+20.2pp

82.5%+15.9pp

73.4%+25.0pp

Annual return

16.64%

57.78%-41.1pp

276.71%-260.1pp

53.97%-37.3pp

Employer contribution / active EE

$8,172

$3,448+137.0%

$4,646+75.9%

$2,523+223.8%

Participant deferral / active EE

$14,901

$6,975+113.6%

$6,843+117.8%

$4,231+252.2%

Admin fee / account holder

$120

$152-20.9%

$9,312-98.7%

$114+5.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$244,917

THE PFE GROUP5 years

Filed as: PFE ADVISORS, INC.

Service code 28 · EIN 71-1036677

Investment Management

$240,993

FINANCIAL FINESSE1 year

Filed as: FINANCIAL FINESSE INC

Service code 28 · EIN 94-3333910

Investment Management

$17,280

BDO USA, LLP3 years

Filed as: BDO USA LLP

Service code 10 · EIN 13-5381590

Accounting

$16,500

CHARLES SCHWAB & CO., INC.6+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$10,458

FISHER INVESTMENTS2 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$8,370

SIGNATURE ESTATE & INVESTMENT1 year

Service code 26 · EIN 95-4806910

Advisory (Participants)

$5,147

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

Service code 59

Shareholder Servicing

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