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Mastec 401(k) retirement plan: the investment options
Does your 401(k) vote the way you would? MFS Growth Fund is the largest fund in the Mastec plan that publishes its votes. Answer 3 of its ballots from this season, then see your result.
The question on the ballot
As filed
Mastec 401(k) match and balances, from the filing
- Company money in
- about $1,480 per active participant
- $35m in plan year 2024
- Employees saved
- about $2,890 each
- $69m in plan year 2024
- Average balance
- $53,100
- 13,850 people with a balance
- In the plan
- $736m
- at the end of plan year 2024
Company money is the match plus any other employer contributions, averaged over all 23,943 active participants, including anyone who did not contribute. The filing reports dollars, not the match formula; the plan’s summary plan description states the formula.
SourceThe plan’s annual report to the Department of Labor — Form 5500, Schedule H, plan year 2024 · filed by MASTEC, INC. as “THE MASTEC, INC. 401(K) RETIREMENT PLAN” · EIN 650829355, plan number 002 · search the filings
These are the funds in the Mastec retirement plan whose voting records we can trace, taken from the plan’s own annual filing. The figures show what each one did with shareholder proposals.
SourceThe fund menu is the list of investments in Mastec’s own annual retirement-plan filing · open the filing
| Fund | Climate | Workers | Pay equity | Exec pay backed |
|---|---|---|---|---|
| MFS Growth Fund listed as “MFS Growth Fund R6” | 2 of 19 | 0 of 5 | — | 90.2% |
| Janus Henderson Enterprise Portfolio listed as “Janus Henderson Enterprise Fund Class N” | — | — | 0 of 1 | 98.5% |
| BlackRock Inflation Protected Bond Portfolio listed as “BlackRock Inflation Protected Fund Class K” | — | — | — | — |
| Causeway International Value Fund listed as “Causeway International Value” | — | — | — | 86.4% |
| MFS International Growth Fund listed as “MFS International Growth R6” | 0 of 1 | — | — | 92.3% |
| Fidelity Low-Priced Stock K6 Fund listed as “Fidelity Low Priced Stock Fund K6” | 1 of 21 | 0 of 3 | 0 of 2 | 91.8% |
| Seafarer Overseas Growth and Income Fund listed as “Seafarer Overseas Growth” | — | — | — | 66.7% |
| Pgim High Yield Fund listed as “PGIM High Yiel Fund R6” | — | — | — | — |
| MFS International Diversification Fund listed as “MFS International Diversification Fund R6” · record folded from the funds it holds | 1 of 11 | 0 of 4 | — | 94.1% |
| T. Rowe Price Dividend Growth Fund, Inc. listed as “T Rowe Price Dividend Growth Fund” | 1 of 25 | 0 of 6 | 0 of 1 | 100% |
| Real Estate Securities Fund listed as “Principal Real Estate SEC R6” | 0 of 2 | — | — | 92.9% |
| Vanguard Total International Stock Index Fund listed as “Vanguard Total International Stock Index Fund Admiral Class” | 0 of 95 | 0 of 10 | 0 of 4 | 83.1% |
| Fidelity Freedom Index Retirement Fund listed as “Fidelity Freedom Index Target Date Series” · record folded from the funds it holds | 0 of 132 | 0 of 31 | 0 of 11 | 92.1% |
What this means for you
Most people are in whichever fund their plan made the default, and never look again. The figures above are the part nobody shows you when you pick: not the fee, not last year's return, but what the fund did with the shares your savings paid for.
Vote the full deck for this plan’s fund →
Other employer plans
The largest employer plans on the site, and a few more. Each page shows what the plan’s funds did with the shares its savers paid for.