Plan Ledger DOL Form 5500 · updated monthly

Essendant401(k)

ESSENDANT 401(K) SAVINGS PLAN · DEERFIELD, IL · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Essendant reported $254,194 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $1,621 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 0.10% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other wholesale trade employers. By assets it is the 185th-largest of 3,702 plans among Illinois employers on file, and the 113th of 4,246 in wholesale trade. In 2024, employees put in $3.20 for every $1.00 the employer contributed; active participation has shrunk from 3,678 to 2,836 since 2022.

Plan summary
Net assets, end of year$412,521,285
Participants with balances3,904
Active participants2,836
Employer contributions$4,597,474
Employee contributions$14,720,286
Employer contribution per active participant$1,621
Average account balance$105,666
Benefits paid to participants$77,147,617
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$412.5M · 3,904 accts · $4.6M emplr
2023$409.5M · 4,418 accts · $6.2M emplr
2022$371.5M · 4,906 accts · $5.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$161,111
Audit (IQPA)$25,200
Total administrative$254,194
The Essendant 401(k) match · 2024
Employer contribution per active participant$1,621
Median for plans this size$4,294
2024$1,621 per active participant
2023$1,965 per active participant
2022$1,523 per active participant

Essendant's 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$161,111
AON · Consulting$37,502
VEDDER PRICE PC · Legal$30,381
RSM US LLP · Accounting / audit$25,200

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$254,194 · 0.06%
2023$305,622 · 0.08%
2022$424,946 · 0.10%
Same employer
Similar plansWholesale Trade · Illinois
Medline Industries,Lp IL$1.6B · 0.11%
US Lbm Holdings, LLC IL$440.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362431718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.