Plan Ledger DOL Form 5500 · updated monthly

Charger Water Treatment Products401(k)

CHARGER WATER TREATMENT PRODUCTS LLC. 401(K) PLAN · MORTON GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Charger Water Treatment Products reported $2,691 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $387 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 1 year on file its reported administrative ratio fell from 0.035% to 0.028%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Illinois (2,405th of 3,702), and 2,946th of 4,246 in wholesale trade. In 2024, employees put in $14.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,781,252
Participants with balances174
Active participants137
Employer contributions$52,990
Employee contributions$743,095
Employer contribution per active participant$387
Average account balance$56,214
Benefits paid to participants$1,686,184
Plan auditUnmodified (clean) audit opinion
AuditorFGMK.LLC
Plan history2
Yearassets · accounts · employer contribution
2024$9.8M · 174 accts · $53K emplr
2023$9.3M · 180 accts · $48K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,691
Total administrative$2,691
The Charger Water Treatment Products 401(k) match · 2024
Employer contribution per active participant$387
Median for plans this size$1,313
2024$387 per active participant
2023$356 per active participant

Charger Water Treatment Products's 2024 employer contribution ran below the $1,313 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$2,691
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY · Other servicesindirect 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
2024ADP
2023ADP

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Administrative cost history2
2024$2,691 · 0.03%
2023$3,810 · 0.03%
Same employer
Similar plansWholesale Trade · Illinois
Iw Technologies IL$10.3M · 0.42%
Roman, Inc. IL$9.8M · 0.01%
Parent Petroleum, Inc. IL$8.9M · 0.75%
Homewerks Worldwide LLC IL$8.7M · 0.36%
Mid-State Tank Co., Inc. IL$8.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364187165 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.