Matcor Automotive (michigan), Inc. 401(k) Plan: Login, Facts & Contact Information

Matcor Automotive (michigan), Inc. 401(k) Plan Facts

Plan name
THE MATCOR - MATSU RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MATCOR AUTOMOTIVE (MICHIGAN), INC.
Participants
1,561 (1,220 active employees)
Former employees with a balance
206
Plan assets
$41,428,001 at Dec 31, 2024
Average account balance
$34,784 across 1,191 accounts
Employer contributions
$515,605 in plan year 2024 (16% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 1, 1983
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.17 million went into the plan in contributions, $515,605 of it from the employer (16%).
  • $5.24 million was paid out to participants.
  • Investment and other income added $4.94 million.
  • Administrative expenses were $169,203, about $142 per account.

How the Matcor Automotive (michigan), Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,600$38.6 million$518,026$4.18 million
20201,899$40.0 million$331,689$5.26 million
20211,238$42.9 million$388,336$5.63 million
20221,338$34.5 million$437,338$4.45 million
20231,604$38.8 million$640,480$4.88 million
20241,561$41.4 million$515,605$5.24 million

Matcor Automotive (michigan), Inc. 401(k) Contact Information

Phone
616-527-4050
Mailing address
401 S STEELE ST PO BOX 504, IONIA MI 488469401
Plan sponsor
MATCOR AUTOMOTIVE (MICHIGAN), INC.
Employer identification number (EIN)
42-1769431
Plan number
005

Questions about the Matcor Automotive (michigan), Inc. 401(k)

Does Matcor Automotive (michigan), Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $515,605, 16% of all contributions.

Does the Matcor Automotive (michigan), Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Matcor Automotive (michigan), Inc 401(k) plan?

1,561 participants at the start of plan year 2024, 1,220 of them active employees, and 206 former employees who still had money in the plan.

What is the average 401(k) balance at Matcor Automotive (michigan), Inc?

About $34,784 per account: $41.4 million in plan assets across 1,191 accounts with a balance at the end of plan year 2024.

Who manages the Matcor Automotive (michigan), Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Matcor Automotive (michigan), Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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