Plan Ledger DOL Form 5500 · updated monthly

Fellowes, Inc.401(k)

FELLOWES, INC. 401(K) RETIREMENT PLAN · ITASCA, IL · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Fellowes, Inc. reported $155,589 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $3,399 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 0.16% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 443rd-largest of 3,702 plans among Illinois employers on file, and the 1,512th of 13,661 in manufacturing. In 2024, employees put in $2.42 for every $1.00 the employer contributed; active participation has shrunk from 768 to 612 since 2022.

Plan summary
Net assets, end of year$137,096,426
Participants with balances889
Active participants612
Employer contributions$2,079,961
Employee contributions$5,031,284
Employer contribution per active participant$3,399
Average account balance$154,214
Benefits paid to participants$19,812,385
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$137.1M · 889 accts · $2.1M emplr
2023$129.2M · 1,008 accts · $2.2M emplr
2022$119.9M · 1,014 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,589
Investment management$50,000
Total administrative$155,589
The Fellowes, Inc. 401(k) match · 2024
Employer contribution per active participant$3,399
Median for plans this size$3,635
2024$3,399 per active participant
2023$2,911 per active participant
2022$2,812 per active participant

Fellowes, Inc.'s 2024 employer contribution ran below the $3,635 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
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$50,000

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$155,589 · 0.12%
2023$169,189 · 0.14%
2022$204,470 · 0.16%
All plans at this employer2
FELLOWES, INC. 401(K) RETIREMENT PLAN401(k)
FELLOWES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Similar plansManufacturing · Illinois
Vcna Prairie LLC IL$138.8M · 0.10%
Barilla America, Inc. IL$137.9M · 0.07%
Mizkan America, Inc. IL$137.0M · 0.15%
Barry Callebaut USA IL$134.5M · 0.20%
Dometic Corporation IL$134.3M · 0.17%
Mondi U.S. Holdings LLC IL$133.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360770670 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.