Plan Ledger DOL Form 5500 · updated monthly

Generac Power Systems, Inc401(k)

GENERAC POWER SYSTEMS, INC. EMPLOYEES 401(K) SAVINGS PLAN · WAUKESHA, WI · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Generac Power Systems, Inc reported $447,745 in plan administrative expenses for 2024: 0.14% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,736 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 0.21% to 0.14%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 91st-largest of 1,936 plans among Wisconsin employers on file, and the 770th of 13,661 in manufacturing. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 621 to 6,175 since 2022.

Plan summary
Net assets, end of year$343,641,749
Participants with balances6,692
Active participants6,175
Employer contributions$10,721,302
Employee contributions$30,247,415
Employer contribution per active participant$1,736
Average account balance$51,351
Benefits paid to participants$34,211,987
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$343.6M · 6,692 accts · $10.7M emplr
2023$286.7M · 7,181 accts · $8.4M emplr
2022$228.3M · 7,357 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$234,465
Investment management$13,858
Audit (IQPA)$16,920
Total administrative$447,745
The Generac Power Systems, Inc 401(k) match · 2024
Employer contribution per active participant$1,736
Median for plans this size$4,294
2024$1,736 per active participant
2023$1,677 per active participant
2022$13,859 per active participant

Generac Power Systems, Inc'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 · 20246
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$21,419
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$213,046
MARQUETTE ASSOCIATES, INC · Investment advisory (plan)$182,624
WIPFLI · Accounting / audit$15,520
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$10,245
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$447,745 · 0.14%
2023$551,824 · 0.21%
2022$515,744 · 0.21%
Same employer
Similar plansManufacturing · Wisconsin
Zurn LLC WI$367.4M · 0.13%
The Manitowoc Company, Inc. WI$363.2M · 0.09%
Spectrum Brands, Inc. WI$350.0M · 0.17%
Rev Group, Inc. WI$349.6M · 0.13%
Brady Corporation WI$342.4M · 0.07%
Great Northern Corporation WI$340.8M · 0.04%
Johnsonville, LLC WI$339.6M · 0.18%
Clarios, LLC WI$333.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390963276 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.