Plan Ledger DOL Form 5500 · updated monthly

Alfa Laval Inc.401(k)

ALFA LAVAL RETIREMENT SAVINGS PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Alfa Laval Inc. reported $351,054 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $5,312 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 rose from 0.07% to 0.11%. 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 112th-largest of 2,266 plans among Virginia employers on file, and the 814th of 13,661 in manufacturing. In 2024, employees put in $1.24 for every $1.00 the employer contributed; active participation has grown from 1,610 to 1,902 since 2022.

Plan summary
Net assets, end of year$319,285,287
Participants with balances2,547
Active participants1,902
Employer contributions$10,103,117
Employee contributions$12,516,172
Employer contribution per active participant$5,312
Average account balance$125,357
Benefits paid to participants$37,901,565
Plan auditUnmodified (clean) audit opinion
AuditorKEITER STEPHENS HURTS GARY SHREAVES
Plan history3
Yearassets · accounts · employer contribution
2024$319.3M · 2,547 accts · $10.1M emplr
2023$299.2M · 2,456 accts · $6.4M emplr
2022$254.1M · 2,174 accts · $3.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$246,666
Investment management$86,888
Audit (IQPA)$17,500
Total administrative$351,054
The Alfa Laval Inc. 401(k) match · 2024
Employer contribution per active participant$5,312
Median for plans this size$4,294
2024$5,312 per active participant
2023$3,541 per active participant
2022$2,362 per active participant

Alfa Laval Inc.'s 2024 employer contribution ran above the $4,294 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 · 20243
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$246,666
SAGEVIEW$86,888
KEITER$17,500

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$351,054 · 0.11%
2023$283,240 · 0.10%
2022$200,501 · 0.07%
Same employer
Similar plansManufacturing · Virginia
Stihl Incorporated VA$398.3M · 0.09%
Carpenter Co. VA$348.4M · 0.05%
Rolls-Royce Corporation VA$239.2M · 0.07%
Titan America LLC VA$236.3M · 0.12%
R.A Jones & Co. VA$213.9M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 131681631 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.