Plan Ledger DOL Form 5500 · updated monthly

Chicago Dryer Company401(k)

CHICAGO DRYER COMPANY RETIREMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Chicago Dryer Company reported $44,100 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,440 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 fell from 0.36% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (1,936th of 3,702), and 6,850th of 13,661 in manufacturing. In 2024, the employer put in $1.16 for every $1.00 employees contributed themselves; active participation has grown from 152 to 175 since 2022.

Plan summary
Net assets, end of year$15,849,923
Participants with balances200
Active participants175
Employer contributions$426,989
Employee contributions$369,422
Employer contribution per active participant$2,440
Average account balance$79,250
Benefits paid to participants$460,032
Plan auditUnmodified (clean) audit opinion
AuditorGRIECO & ADELMAN LLC
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 200 accts · $427K emplr
2023$13.7M · 191 accts · $374K emplr
2022$13.1M · 164 accts · $350K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,100
Total administrative$44,100
The Chicago Dryer Company 401(k) match · 2024
Employer contribution per active participant$2,440
Median for plans this size$2,416
2024$2,440 per active participant
2023$2,307 per active participant
2022$2,302 per active participant

Chicago Dryer Company's 2024 employer contribution ran above the $2,416 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 · 20242
HOWARD SIMON & ASSOCIATES, INC. · Recordkeeping$23,813
INDEPENDENT FINANCIAL GROUP · Investment advisory (participants)$19,615

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

Recordkeeper by year2
2024HOWARD SIMON & ASSOCIATES, INC.
2023HOWARD SIMON & ASSOCIATES, INC.

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Administrative cost history3
2024$44,100 · 0.30%
2023$41,930 · 0.31%
2022$52,971 · 0.36%
Same employer
Similar plansManufacturing · Illinois
Rukel Management, LLC IL$16.2M · 0.09%
Nexus Pharmaceuticals, LLC IL$16.0M · 0.43%
Peer Foods Group, Inc. IL$15.9M · 0.04%
Chicago Rivet & Machine Co. IL$15.8M · 0.17%
Fisher Printing, Inc. IL$15.8M · 0.63%
Visionix USA, Inc IL$15.7M · 0.29%
Moss Holding Company IL$15.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360899050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.