Plan Ledger DOL Form 5500 · updated monthly

Daikin Applied Americas Inc.401(k)

RETIREMENT SAVINGS PLAN FOR DAIKIN GROUP AFFILIATED COMPANIES · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Daikin Applied Americas Inc. reported $720,133 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,042 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 3 years on file its reported administrative ratio has held roughly steady near 0.13%. 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 75th-largest of 1,918 plans among Minnesota employers on file, and the 506th of 13,661 in manufacturing. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has grown from 5,930 to 6,659 since 2022.

Plan summary
Net assets, end of year$589,805,342
Participants with balances8,710
Active participants6,659
Employer contributions$26,913,222
Employee contributions$37,410,332
Employer contribution per active participant$4,042
Average account balance$67,716
Benefits paid to participants$55,951,401
Plan auditUnmodified (clean) audit opinion
AuditorEISNER AMPER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$589.8M · 8,710 accts · $26.9M emplr
2023$499.1M · 8,022 accts · $23.4M emplr
2022$407.9M · 7,772 accts · $19.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$586,886
Total administrative$720,133
The Daikin Applied Americas Inc. 401(k) match · 2024
Employer contribution per active participant$4,042
Median for plans this size$4,294
2024$4,042 per active participant
2023$3,822 per active participant
2022$3,348 per active participant

Daikin Applied Americas Inc.'s 2024 employer contribution ran below 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$586,886

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$720,133 · 0.13%
2023$832,419 · 0.18%
2022$590,612 · 0.14%
Same employer
Similar plansManufacturing · Minnesota
Mac Arthur Co MN$729.3M · 0.02%
Nvent Management Company MN$728.6M · 0.02%
Schwans Shared Services, LLC MN$631.9M · 0.18%
Graco Inc MN$619.1M · 0.09%
Vista Outdoor Inc. MN$567.8M · 0.16%
H.B. Fuller Company MN$529.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410404230 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.