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Mettler Toledo International Inc/ 401(k) retirement plan: the investment options

Does your 401(k) vote the way you would? $511m of the $883m in the Mettler Toledo International Inc/ plan votes in secret. Fidelity 500 Index Fund, the most common fund in the plans we track, publishes every vote: answer 3 of its ballots, then see your result.

The question on the ballot

As filed

Mettler Toledo International Inc/ 401(k) match and balances, from the filing

Company money in
about $3,580 per active participant
$12m in plan year 2024
Employees saved
about $7,830 each
$27m in plan year 2024
Average balance
$169,900
4,668 people with a balance
In the plan
$793m
at the end of plan year 2024

Company money is the match plus any other employer contributions, averaged over all 3,411 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 METTLER-TOLEDO, LLC as “METTLER-TOLEDO, LLC ENHANCED RETIREMENT SAVINGS PLAN” · EIN 341538688, plan number 031 · search the filings

The Mettler Toledo International Inc/ 401(k) holds $883m. Of the $511m we could identify from the plan’s own filing, every dollar sits in a fund that publishes no record of how it voted your shares — collective trusts, which unlike a mutual fund file no Form N-PX and leave no public trace of a single vote.

SourceMettler Toledo International Inc/’s own annual retirement-plan filing with the SEC (Form 11-K, Schedule of Assets) · open the filing

What the plan holdsVehicleVoting recordValue
SSGlisted as “S&P 500 Index Fund **” Not identified from the filing Not counted either way $128m
Vanguardlisted as “Target Retirement 2030 Trust II **” Collective trust or separate account NONE $73m
Vanguardlisted as “Target Retirement 2035 Trust II **” Collective trust or separate account NONE $72m
Vanguardlisted as “Target Retirement 2040 Trust II **” Collective trust or separate account NONE $62m
Vanguardlisted as “U.S. Growth Adm **” Not identified from the filing Not counted either way $60m
Vanguardlisted as “Retirement Savings Trust III **” Collective trust or separate account NONE $59m
Vanguardlisted as “Target Retirement 2025 Trust II **” Collective trust or separate account NONE $58m
Vanguardlisted as “Target Retirement 2045 Trust II **” Collective trust or separate account NONE $51m
SSGlisted as “Small-Mid-Cap Index Fund **” Not identified from the filing Not counted either way $42m
Vanguardlisted as “Target Retirement 2050 Trust II **” Collective trust or separate account NONE $42m
Vanguardlisted as “Windsor II Fund **” Not identified from the filing Not counted either way $29m
Vanguardlisted as “Target Retirement 2055 Trust II **” Collective trust or separate account NONE $28m

The 12 largest holdings in the plan. “Vehicle” is the description the filing itself gives each investment.

Why there is nothing to show

A mutual fund has to file Form N-PX every year listing every vote it cast on your behalf. A collective investment trust does not. It is a bank-run vehicle sold only inside retirement plans, it is cheaper, and it is now where most 401(k) default money sits — including most target-date funds, which is where savers who never chose anything are put.

So the shares bought with Mettler Toledo International Inc/ employees’ retirement savings are voted every proxy season — on executive pay, on board seats, on climate and workforce proposals — and there is no public document anywhere recording how. This is not an oversight by Mettler Toledo International Inc/; it is what the disclosure rules currently require, which is to say: nothing.

What you can do

Check whether your plan offers any registered fund as an alternative — those publish their records, and you can read them here. If it does not, the menu itself is the thing that has to change, and that is a decision made by the plan’s fiduciary committee, not by you alone.

See how funds that do publish voted →

CoverageWe classified 65.2% of this plan’s assets from the filing. The figure above is the share of the money we could classify; anything we could not identify is excluded from it rather than assumed either way.

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