ACE HARDWARE CORPORATION 401(K) SAVINGS AND RETIREMENT PLAN · OAK BROOK, IL · plan year 2024
Employer contribution per participant · 2024
$5,851
Ace Hardware Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,152,405,235 across 10,562 participant accounts, with employer contributions averaging $5,851 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio fell from 0.003% to 0.002%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other wholesale trade employers. By assets it is the 84th-largest of 3,702 plans among Illinois employers on file, and the 48th of 4,246 in wholesale trade. In 2024, the employer put in $1.18 for every $1.00 employees contributed themselves.
Plan summary
Net assets, end of year$1,152,405,235
Participants with balances10,562
Active participants6,953
Employer contributions$40,683,025
Employee contributions$34,606,019
Employer contribution per active participant$5,851
Employer contribution per active participant$5,851
Median for plans this size$5,259
2024$5,851 per active participant
2023$6,558 per active participant
2022$6,888 per active participant
Ace Hardware Corporation's 2024 employer contribution ran above the $5,259 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.
Source: U.S. Department of Labor, Form 5500 series, EIN 360700810 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.