Plan Ledger DOL Form 5500 · updated monthly

Dennison Lubricants Incorporated401(k)

DENNISON LUBRICANTS 401(K) PLAN · LAKEVILLE, MA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Dennison Lubricants Incorporated reported $45,940 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $803 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 0.46%. 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 Massachusetts (1,844th of 2,726), and 2,829th of 4,246 in wholesale trade. In 2024, employees put in $5.46 for every $1.00 the employer contributed; active participation has grown from 138 to 157 since 2022.

Plan summary
Net assets, end of year$10,678,101
Participants with balances102
Active participants157
Employer contributions$126,050
Employee contributions$688,604
Employer contribution per active participant$803
Average account balance$104,687
Benefits paid to participants$244,952
Plan auditUnmodified (clean) audit opinion
AuditorGRAY, GRAY AND GRAY
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 102 accts · $126K emplr
2023$9.2M · 112 accts · $128K emplr
2022$7.2M · 120 accts · $127K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,491
Investment management$6,825
Total administrative$45,940
The Dennison Lubricants Incorporated 401(k) match · 2024
Employer contribution per active participant$803
Median for plans this size$1,313
2024$803 per active participant
2023$804 per active participant
2022$919 per active participant

Dennison Lubricants Incorporated's 2024 employer contribution ran below the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,491
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$21,449

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$45,940 · 0.46%
2023$38,373 · 0.47%
2022$34,316 · 0.44%
Same employer
Similar plansWholesale Trade · Massachusetts
Hartley & Parker LTD, Inc. MA$11.4M · 0.07%
Power Products Systems, LLC MA$11.0M · 0.30%
John Nagle Co. MA$10.1M · 0.05%
American Food Systems Inc. MA$10.0M · 0.31%
Comalli Group, Inc. MA$9.3M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042986322 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.