Plan Ledger DOL Form 5500 · updated monthly

Chicago Tube and Iron Company401(k)

CHICAGO TUBE AND IRON CO. EMPLOYEES' PROFIT SHARING & 401(K) SAVINGS PLAN · ROMEOVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Chicago Tube and Iron Company reported $137,793 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,029 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 0.28% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 798th-largest of 3,702 plans among Illinois employers on file, and the 2,776th of 13,661 in manufacturing. In 2024, employees put in $2.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$59,635,128
Participants with balances404
Active participants341
Employer contributions$691,920
Employee contributions$2,070,761
Employer contribution per active participant$2,029
Average account balance$147,612
Benefits paid to participants$4,672,236
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$59.6M · 404 accts · $692K emplr
2023$53.9M · 395 accts · $670K emplr
2022$47.3M · 381 accts · $671K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,446
Investment management$74,872
Trustee / custodial$10,520
Total administrative$137,793
The Chicago Tube and Iron Company 401(k) match · 2024
Employer contribution per active participant$2,029
Median for plans this size$3,635
2024$2,029 per active participant
2023$1,966 per active participant
2022$1,984 per active participant

Chicago Tube and Iron Company's 2024 employer contribution ran below the $3,635 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
HOWARD SIMON & ASSOCIATES, INC. · Recordkeeping · Pension consulting$52,401
MATRIX TRUST COMPANY · Custodial · Custodial (securities)$10,520

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$137,793 · 0.24%
2023$133,855 · 0.26%
2022$147,421 · 0.28%
Similar plansManufacturing · Illinois
Hoffer Plastics Corporation IL$62.2M · 0.19%
Basler Electric Company IL$62.2M · 0.01%
Coilplus, Inc. IL$60.6M · 0.00%
Rapid Displays, Inc. IL$59.5M · 0.38%
Domino Amjet, Inc. IL$59.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360910890 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.