Plan Ledger DOL Form 5500 · updated monthly

Dover Corporation401(k) + ESOP (KSOP)

DOVER CORPORATION RETIREMENT SAVINGS PLAN · DOWNERS GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Dover Corporation reported $1,419,293 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $4,313 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 rose from 0.07% to 0.08%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 53rd-largest of 3,702 plans among Illinois employers on file, and the 181st of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed; active participation has shrunk from 13,212 to 11,251 since 2022.

Plan summary
Net assets, end of year$1,860,991,105
Participants with balances18,009
Active participants11,251
Employer contributions$48,530,492
Employee contributions$75,326,933
Employer contribution per active participant$4,313
Average account balance$103,337
Benefits paid to participants$257,660,255
Plan auditUnmodified (clean) audit opinion
AuditorINSERO & CO
Plan history3
Yearassets · accounts · employer contribution
2024$1.9B · 18,009 accts · $48.5M emplr
2023$1.7B · 18,971 accts · $45.5M emplr
2022$1.5B · 18,856 accts · $42.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,370,793
Audit (IQPA)$48,500
Total administrative$1,419,293
The Dover Corporation 401(k) match · 2024
Employer contribution per active participant$4,313
Median for plans this size$5,259
2024$4,313 per active participant
2023$3,569 per active participant
2022$3,193 per active participant

Dover Corporation's 2024 employer contribution ran below the $5,259 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 · 20244
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$1,129,837
WILLIS TOWERS WATSON US LLC · Actuarial$216,676
INSERO & CO · Accounting / audit$48,500
TOWERS WATSON INVESTMENT SERVICES$24,960

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$1,419,293 · 0.08%
2023$1,975,940 · 0.12%
2022$1,236,438 · 0.07%
Same employer
Similar plansManufacturing · Illinois
S&C Electric Company IL$2.7B · 0.00%
Astellas US LLC IL$1.9B · 0.07%
Brunswick Corporation IL$1.8B · 0.06%
Navistar Inc. IL$1.8B · 0.04%
Kellanova IL$1.8B

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Source: U.S. Department of Labor, Form 5500 series, EIN 530257888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.