Plan Ledger DOL Form 5500 · updated monthly

Abrasive-Form, LLC401(k)

ABRASIVE-FORM, LLC SALARY SAVINGS PLAN · BLOOMINGDALE, IL · plan year 2024

Reported admin expense ratio · 2024
0.32%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Abrasive-Form, LLC reported $24,322 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $1,443 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,629th of 3,702), and 9,786th of 13,661 in manufacturing. In 2024, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,753,381
Participants with balances111
Active participants186
Employer contributions$268,329
Employee contributions$608,372
Employer contribution per active participant$1,443
Average account balance$69,850
Benefits paid to participants$1,534,754
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 111 accts · $268K emplr
2023$7.2M · 110 accts · $221K emplr
2022$6.1M · 109 accts · $181K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,632
Investment management$7,690
Total administrative$24,322
The Abrasive-Form, LLC 401(k) match · 2024
Employer contribution per active participant$1,443
Median for plans this size$1,313
2024$1,443 per active participant
2023$894 per active participant
2022$908 per active participant

Abrasive-Form, LLC's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK · Recordkeeping$7,170
CREATIVE PLANNING LLC · Investment advisory (plan)$7,668

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023Securian

This plan has changed recordkeepers within these filings. If you left Abrasive-Form, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$24,322 · 0.32%
2023$17,219 · 0.26%
2022$28,755 · 0.43%
Same employer
Similar plansManufacturing · Illinois
Iplastics LLC IL$8.1M · 0.64%
Morgan Li, LLC IL$8.1M · 0.08%
Medwest Associates, Inc IL$7.7M · 0.84%
Tone Products, Inc. IL$7.6M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475282271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.