Plan Ledger DOL Form 5500 · updated monthly

Trico Group, LLC401(k)

FIRST BRANDS GROUP 401(K) PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Trico Group, LLC reported $387,576 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $81 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 0.54% to 0.22%. 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 153rd-largest of 3,295 plans among Ohio employers on file, and the 845th of 13,661 in manufacturing. In 2024, employees put in $12.67 for every $1.00 the employer contributed; active participation has grown from 1,152 to 6,024 since 2022.

Plan summary
Net assets, end of year$302,906,606
Participants with balances7,356
Active participants6,024
Employer contributions$489,752
Employee contributions$6,203,831
Employer contribution per active participant$81
Average account balance$41,178
Benefits paid to participants$22,884,558
Plan auditUnmodified (clean) audit opinion
AuditorBOBER MARKEY FEDOROVICH
Plan history3
Yearassets · accounts · employer contribution
2024$302.9M · 7,356 accts · $490K emplr
2023$54.3M · 1,703 accts · $348K emplr
2022$42.1M · 1,244 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$185,870
Investment management$131,281
Audit (IQPA)$27,000
Total administrative$387,576
The Trico Group, LLC 401(k) match · 2024
Employer contribution per active participant$81
Median for plans this size$3,635
2024$81 per active participant
2023$264 per active participant
2022$164 per active participant

Trico Group, LLC's 2024 employer contribution ran below the $3,635 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 · 20248
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$158,684
CBIZ INVESTMENT ADVISORY SERVICES L · Investment advisory (plan)$59,327
CBIZ INVESTMENT ADVISORY SERVICES L · Investment advisory (plan)$53,706
BOBER MARKEY FEDOROVICH · Accounting / audit$27,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$18,248

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$387,576 · 0.22%
2023$258,311 · 0.54%
2022$263,062 · 0.54%
Similar plansManufacturing · Ohio
Sauder Woodworking Co. OH$335.5M · 0.01%
Hexion Inc. OH$317.4M · 0.09%
Proampac Holdings Inc. OH$298.6M · 0.22%
Tarkett Finance Inc. OH$286.6M · 0.17%
Vibrantz Corporation OH$253.2M · 0.06%
Gojo Industries, Inc. OH$244.7M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462872032 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.