Plan Ledger DOL Form 5500 · updated monthly

Akzo Nobel Inc.401(k)

AKZONOBEL RETIREMENT SAVINGS PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Akzo Nobel Inc. reported $1,081,195 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $8,294 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 3 years on file its reported administrative ratio has held roughly steady near 0.135%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 32nd-largest of 1,496 plans among Tennessee employers on file, and the 387th of 13,661 in manufacturing. In 2024, the employer put in $1.06 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$818,870,330
Participants with balances4,530
Active participants2,421
Employer contributions$20,080,175
Employee contributions$18,910,013
Employer contribution per active participant$8,294
Average account balance$180,766
Benefits paid to participants$99,854,678
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$818.9M · 4,530 accts · $20.1M emplr
2023$788.2M · 5,033 accts · $18.1M emplr
2022$731.2M · 4,874 accts · $18.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$190,607
Investment management$532,394
Audit (IQPA)$28,875
Total administrative$1,081,195
The Akzo Nobel Inc. 401(k) match · 2024
Employer contribution per active participant$8,294
Median for plans this size$4,294
2024$8,294 per active participant
2023$7,156 per active participant
2022$7,415 per active participant

Akzo Nobel Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size, placing it in the top quarter of its peers. 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 · 20246
TOWERS WATSON INVESTMENT SERVICES · Consulting · Recordkeeping$265,494
FINANCIAL ENGINES · Investment advisory (plan) · Plan administrator$851,742
THOMPSON HINE LLP · Consulting · Legal$35,245
BAKER TILLY US, LLP · Accounting / audit$28,875
WILLIS TOWERS WATSON US LLC · Consulting · Investment management$28,250
FID INV INST OPS CO · Loan processing · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024Fidelity, TOWERS WATSON INVESTMENT SERVICES
2023Fidelity, TOWERS WATSON INVESTMENT SERVICES

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Administrative cost history3
2024$1,081,195 · 0.13%
2023$911,446 · 0.12%
2022$1,064,887 · 0.13%
All plans at this employer2
AKZONOBEL RETIREMENT SAVINGS PLAN401(k)
AKZONOBEL HOURLY SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Tennessee
Ut-Battelle, LLC TN$1.8B · 0.03%
Smith and Nephew, Inc. TN$1.5B · 0.08%
McKee Foods Corporation TN$1.1B · 0.09%
Sylvamo North America, LLC TN$415.0M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561349341 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.