Plan Ledger DOL Form 5500 · updated monthly

Door Systems Assa Abloy US, Inc.401(k)

DOOR SYSTEMS 401(K) PLAN · NAPERVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Door Systems Assa Abloy US, Inc. reported $97,940 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,154 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 0.48%. 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 the 1,613th-largest of 3,702 plans among Illinois employers on file, and the 5,535th of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,168,263
Participants with balances486
Active participants416
Employer contributions$896,102
Employee contributions$1,630,620
Employer contribution per active participant$2,154
Average account balance$45,614
Benefits paid to participants$1,717,729
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.2M · 486 accts · $896K emplr
2023$19.0M · 459 accts · $564K emplr
2022$15.7M · 491 accts · $457K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,461
Investment management$81,396
Total administrative$97,940
The Door Systems Assa Abloy US, Inc. 401(k) match · 2024
Employer contribution per active participant$2,154
Median for plans this size$2,416
2024$2,154 per active participant
2023$1,359 per active participant
2022$1,143 per active participant

Door Systems Assa Abloy US, Inc.'s 2024 employer contribution ran below 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 · 20245
NATIONWIDE · Recordkeeping · Custodial (securities)$28,696
PROACCOUNT · Investment advisory (participants)$82,009
CECILCO · Contract administrator · Pension consulting$12,282
PROSPERA FINANCIAL SERVICES, INC. · Investment advisory (plan)indirect comp
ROBERT CECIL JR · Investment advisory (participants)indirect 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
2024Nationwide
2023Nationwide

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$97,940 · 0.48%
2023$84,864 · 0.49%
2022$78,936 · 0.45%
Similar plansManufacturing · Illinois
Freightcar America, Inc. IL$22.5M · 0.20%
United Chemi-Con, Inc. IL$22.4M · 0.20%
Andes Candies LP IL$21.9M · 0.07%
Haribo of America, Inc. IL$21.8M · 0.02%
Vvf Kansas Services, LLC IL$21.6M · 0.29%
Kensing, LLC IL$21.5M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364456973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.