Plan Ledger DOL Form 5500 · updated monthly

Geo Specialty Chemicals, Inc.401(k)

GEO SPECIALTY CHEMICALS, INC. SAVINGS PLAN · MILFORD, IL · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Geo Specialty Chemicals, Inc. reported $23,880 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,098 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 0.06% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,418th-largest of 3,702 plans among Illinois employers on file, and the 4,880th of 13,661 in manufacturing. In 2023, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 157 to 185 since 2022.

Plan summary
Net assets, end of year$26,890,389
Participants with balances259
Active participants185
Employer contributions$573,216
Employee contributions$1,087,541
Employer contribution per active participant$3,098
Average account balance$103,824
Benefits paid to participants$3,117,430
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 174 accts · $422K emplr
2023$26.9M · 259 accts · $573K emplr
2022$24.4M · 242 accts · $553K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,565
Audit (IQPA)$21,315
Total administrative$23,880
The Geo Specialty Chemicals, Inc. 401(k) match · 2023
Employer contribution per active participant$3,098
Median for plans this size$2,440
2024$6,122 per active participant
2023$3,098 per active participant
2022$3,524 per active participant

Geo Specialty Chemicals, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK · Recordkeeping · Loan processing$2,565
FORVIS, LLP · Accounting / audit$21,315

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,393 · 0.01%
2023$23,880 · 0.09%
2022$17,804 · 0.06%
Same employer
Similar plansManufacturing · Illinois
American Labelmark Company IL$27.3M · 0.03%
Trim-Tex, Inc. IL$27.2M · 0.17%
Watersaver Faucet Co. IL$27.1M · 0.02%
Bisco, Inc. IL$26.7M · 0.27%
Material Control, Inc. IL$26.5M · 0.18%
Ims Companies, LLC IL$26.3M · 0.61%
John Boos & Co. IL$26.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341708689 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.