Plan Ledger DOL Form 5500 · updated monthly

Assa Abloy Incorporated401(k)

ASSA ABLOY INC. RETIREMENT SAVINGS PLAN · NEW HAVEN, CT · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Assa Abloy Incorporated reported $770,469 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $2,738 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 0.03% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 25th-largest of 1,106 plans among Connecticut employers on file, and the 252nd of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has grown from 10,160 to 14,342 since 2022.

Plan summary
Net assets, end of year$1,311,970,158
Participants with balances13,934
Active participants14,342
Employer contributions$39,273,144
Employee contributions$60,683,398
Employer contribution per active participant$2,738
Average account balance$94,156
Benefits paid to participants$105,078,715
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.3B · 13,934 accts · $39.3M emplr
2023$1.1B · 12,787 accts · $34.2M emplr
2022$831.1M · 10,440 accts · $26.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$451,278
Investment management$319,191
Total administrative$770,469
The Assa Abloy Incorporated 401(k) match · 2024
Employer contribution per active participant$2,738
Median for plans this size$5,259
2024$2,738 per active participant
2023$2,761 per active participant
2022$2,630 per active participant

Assa Abloy Incorporated's 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$451,278
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$319,191

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

Administrative cost history3
2024$770,469 · 0.06%
2023$499,988 · 0.05%
2022$263,464 · 0.03%
Same employer
Similar plansManufacturing · Connecticut
Linde Inc. CT$2.9B · 0.03%
Henkel of America, Inc. CT$2.4B · 0.03%
Pitney Bowes Inc. CT$1.7B · 0.07%
Hubbell Incorporated CT$1.2B · 0.09%
Crane Company CT$1.2B · 0.08%
Terex Corporation CT$757.7M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930925319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.