Plan Ledger DOL Form 5500 · updated monthly

Gerflor USA Inc401(k)

GERFLOR USA INC 401(K) PLAN · BOLINGBROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Gerflor USA Inc reported $96,434 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,163 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 0.42% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,415th-largest of 3,702 plans among Illinois employers on file, and the 1,481st of 4,246 in wholesale trade. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 284 to 407 since 2022.

Plan summary
Net assets, end of year$26,986,429
Participants with balances514
Active participants407
Employer contributions$1,287,394
Employee contributions$2,249,086
Employer contribution per active participant$3,163
Average account balance$52,503
Benefits paid to participants$2,224,993
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 514 accts · $1.3M emplr
2023$22.9M · 465 accts · $1.1M emplr
2022$17.3M · 386 accts · $945K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,434
Total administrative$96,434
The Gerflor USA Inc 401(k) match · 2024
Employer contribution per active participant$3,163
Median for plans this size$2,416
2024$3,163 per active participant
2023$3,142 per active participant
2022$3,328 per active participant

Gerflor USA Inc's 2024 employer contribution ran above the $2,416 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
ASCENSUS LLC · Loan processing · Recordkeeping$95,084
NFP RETIREMENT INCindirect 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
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$96,434 · 0.39%
2023$76,619 · 0.38%
2022$76,389 · 0.42%
Same employer
Similar plansWholesale Trade · Illinois
Quad Plus LLC IL$28.1M · 0.51%
Jon-Don, LLC IL$27.8M · 0.39%
Chervon North America, Inc. IL$27.7M · 0.23%
Trim-Rite, Inc. IL$27.6M · 0.33%
Georgia Nut Company IL$26.1M · 0.21%
O'Brien Steel Service Co. IL$25.9M · 0.17%
Florstar Sales, Inc. IL$25.6M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363313608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.