Employers › Terex
Recordkeeping fees per participant · Terex Corporation and Affiliates 401(k) Retirement Savings Plan · plan year 2024
$46.63
Higher than 45% of the 1,697 plans $250M to 1B that report it.
= $299,913 / 6,432
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250618101311NAL0005563682001, received 2025-06-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250618101311NAL0005563682001, received 2025-06-18
Percentiles compare this plan with the Schedule H plans $250M to 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 2025-06-18.
Administrative expenses excluding investment management, per participant
$81.09
Higher than 63% of the 2,324 plans $250M to 1B that report it.
= $521,545 / 6,432
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250618101311NAL0005563682001, received 2025-06-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250618101311NAL0005563682001, received 2025-06-18
Administrative expenses per participant
$99.31
Higher than 58% of the 2,405 plans $250M to 1B that report it.
= $638,736 / 6,432
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250618101311NAL0005563682001, received 2025-06-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250618101311NAL0005563682001, received 2025-06-18
Administrative expenses as a share of assets
0.093%
Higher than 62% of the 2,407 plans $250M to 1B that report it.
= $638,736 / $687,393,596
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250618101311NAL0005563682001, received 2025-06-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250618101311NAL0005563682001, received 2025-06-18
Employer contributions per participant
$2,494
Higher than 37% of the 2,457 plans $250M to 1B that report it.
= $16,040,817 / 6,432
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250618101311NAL0005563682001, received 2025-06-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250618101311NAL0005563682001, received 2025-06-18
Employer share of total contributions
33.0%
Higher than 56% of the 2,459 plans $250M to 1B that report it.
= $16,040,817 / $48,674,003
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250618101311NAL0005563682001, received 2025-06-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250618101311NAL0005563682001, received 2025-06-18
Employer match
“The Company provides safe harbor matching contributions of 100% of Participant contributions to the Plan up to a maximum of 5% of their compensation.”
Form 11-K filed 2026-06-12, for the year ended 2025-12-31 · plan description note, contributions · source document
Eligibility
“Eligible Employees may begin participation on the first day of the month following their hiring.”
Form 11-K filed 2026-06-12, for the year ended 2025-12-31 · plan description note, eligibility · source document
Vesting
“Participants are fully vested immediately in their voluntary contributions and all Company safe harbor matching contributions, plus any actual earnings thereon.”
Form 11-K filed 2026-06-12, for the year ended 2025-12-31 · plan description note, vesting · source document
Automatic enrollment
“All employees under the Plan are subject to automatic enrollment for Participant pre-tax contributions equal to 2% of their compensation if they do not elect to designate a portion of their compensation as an elective contribution (including zero percent) within their first 35 days of participation.”
Form 11-K filed 2026-06-12, for the year ended 2025-12-31 · plan description note, contributions · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250618101311NAL0005563682001, received 2025-06-18
| Field | Value | Source |
|---|---|---|
| Plan sponsor | TEREX CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Plan name | TEREX CORPORATION AND AFFILIATES 401(K) RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Sponsor EIN / plan number | 34-1531521 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Sponsor location | NORWALK, CT | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Industry (business code) | 333100, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Filing received | 2025-06-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Participants, beginning of year | 6,676 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Active participants | 5,794 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Participants, end of year | 8,125 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Participants with an account balance | 6,432 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Total assets, beginning of year | $638,507,885 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Total assets, end of year | $687,393,596 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Net assets, end of year | $687,393,596 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Total income | $140,695,905 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Net income | $48,885,711 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Employer contributions | $16,040,817 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Participant contributions | $23,667,785 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Other contributions (incl. rollovers) | $8,965,401 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Total contributions | $48,674,003 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Benefit payments | $91,105,114 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Total expenses (incl. benefit payments) | $91,810,194 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Total administrative expenses | $638,736 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Recordkeeping fees | $299,913 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| IQPA audit fees | $72,250 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Investment advisory and management fees | $117,191 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Administrative expenses excluding investment management | $521,545 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Held in common/collective trusts | $457,983,482 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Held in mutual funds | $174,072,742 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250618101311NAL0005563682001, received 2025-06-18 |
| Independent auditor | BDO USA, P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250618101311NAL0005563682001, received 2025-06-18 |
Position = column in the DOL layout for form year 2024. Filing 20250618101311NAL0005563682001, received 2025-06-18.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $299,913 | yes |
| MERCER | INVESTMENT ADVISOR | 16 Consulting (general); 27 Investment advisory (plan) | $126,227 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $117,191 | no |
| BDO | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $66,250 | no |
| GODFREY AND KAHN | ATTORNEY/LEGAL | 29 Legal | $23,155 | no |
| CBIZ | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $6,000 | 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 20250618101311NAL0005563682001, received 2025-06-18.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $638,507,885 | $687,393,596 | 7.7% |
| Participants with a balance | 6,355 | 6,432 | 1.2% |
| Administrative expenses | $560,903 | $638,736 | 13.9% |
| Recordkeeping fees per participant | $48.88 | $46.63 | -4.6% |
| Employer contributions | $13,031,999 | $16,040,817 | 23.1% |
Prior filing 20240614142444NAL0051921536001, received 2024-06-14; the plan years are contiguous.
Sponsor name as filed: TEREX CORPORATION; SEC registrant: TEREX CORP (CIK 97216, matched by EIN; display name from the Form 11-K cover).