Employers › Freeport-McMoRan
Recordkeeping fees per participant · Freeport-mcmoran Inc. Employee Capital Accumulation Program · plan year 2024
$16.88
Higher than 21% of the 790 plans over $1B that report it.
= $315,796 / 18,705
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014141427NAL0006261730002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014141427NAL0006261730002, received 2025-10-14
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Administrative expenses excluding investment management, per participant
$16.88
Higher than 15% of the 1,045 plans over $1B that report it.
= $315,796 / 18,705
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014141427NAL0006261730002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014141427NAL0006261730002, received 2025-10-14
Administrative expenses per participant
$19.23
Higher than 8% of the 1,076 plans over $1B that report it.
= $359,638 / 18,705
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014141427NAL0006261730002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014141427NAL0006261730002, received 2025-10-14
Administrative expenses as a share of assets
0.013%
Higher than 10% of the 1,076 plans over $1B that report it.
= $359,638 / $2,670,667,399
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014141427NAL0006261730002, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014141427NAL0006261730002, received 2025-10-14
Employer contributions per participant
$7,100
Higher than 83% of the 1,135 plans over $1B that report it.
= $132,800,359 / 18,705
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014141427NAL0006261730002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014141427NAL0006261730002, received 2025-10-14
Employer share of total contributions
54.0%
Higher than 96% of the 1,135 plans over $1B that report it.
= $132,800,359 / $246,048,754
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014141427NAL0006261730002, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014141427NAL0006261730002, received 2025-10-14
Plan terms are described in Freeport-McMoRan Inc.'s SEC filings: Form 10-K filed 2026-02-13. No term could be quoted from them with the required precision.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014141427NAL0006261730002, received 2025-10-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FREEPORT-MCMORAN INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Plan name | FREEPORT-MCMORAN INC. EMPLOYEE CAPITAL ACCUMULATION PROGRAM | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Sponsor EIN / plan number | 74-2480931 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Sponsor location | PHOENIX, AZ | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Industry (business code) | 212200, Mining, quarrying, and oil and gas extraction | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Participants, beginning of year | 17,936 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Active participants | 14,200 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Participants, end of year | 18,895 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Participants with an account balance | 18,705 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Total assets, beginning of year | $2,323,111,586 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Total assets, end of year | $2,670,667,399 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Net assets, end of year | $2,668,752,547 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Total income | $548,831,744 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Net income | $346,445,875 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Employer contributions | $132,800,359 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Participant contributions | $107,628,816 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Other contributions (incl. rollovers) | $5,619,579 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Total contributions | $246,048,754 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Benefit payments | $202,023,005 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $202,385,869 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Total administrative expenses | $359,638 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Recordkeeping fees | $315,796 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Investment advisory and management fees | $43,842 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Administrative expenses excluding investment management | $315,796 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Held in common/collective trusts | $1,956,843,999 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Held in mutual funds | $273,491,549 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014141427NAL0006261730002, received 2025-10-14 |
| Independent auditor | CLIFTONLARSONALLEN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014141427NAL0006261730002, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014141427NAL0006261730002, received 2025-10-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan; 64 Recordkeeping fees | $278,206 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 33 Securities brokerage; 50 Direct payment from the plan; 62 Float revenue; 71 Securities brokerage commissions and fees; 99 Other fees; 59 Shareholder servicing fees | $44,891 | yes |
| DYNASTY WEALTH MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $43,767 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014141427NAL0006261730002, received 2025-10-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,323,111,586 | $2,670,667,399 | 15.0% |
| Participants with a balance | 17,726 | 18,705 | 5.5% |
| Administrative expenses | $286,119 | $359,638 | 25.7% |
| Recordkeeping fees per participant | $15.72 | $16.88 | 7.4% |
| Employer contributions | $119,775,763 | $132,800,359 | 10.9% |
Prior filing 20241010093521NAL0011338371004, received 2024-10-10; the plan years are contiguous.
Sponsor name as filed: FREEPORT-MCMORAN INC.; SEC registrant: FREEPORT-MCMORAN INC (CIK 831259, matched by EIN; display name from the Form 10-K cover).