Plan Ledger DOL Form 5500 · updated monthly

Graco Inc401(k) + ESOP (KSOP)

GRACO EMPLOYEE INVESTMENT PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Graco Inc reported $549,096 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $4,667 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 rose from 0.087% to 0.092%. 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 72nd-largest of 1,918 plans among Minnesota employers on file, and the 489th of 13,661 in manufacturing. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$619,114,813
Participants with balances3,407
Active participants2,504
Employer contributions$11,687,299
Employee contributions$23,342,163
Employer contribution per active participant$4,667
Average account balance$181,718
Benefits paid to participants$61,192,330
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$619.1M · 3,407 accts · $11.7M emplr
2023$571.6M · 3,414 accts · $11.4M emplr
2022$484.2M · 3,405 accts · $11.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$214,026
Investment management$255,972
Audit (IQPA)$77,898
Total administrative$549,096
The Graco Inc 401(k) match · 2024
Employer contribution per active participant$4,667
Median for plans this size$4,294
2024$4,667 per active participant
2023$4,360 per active participant
2022$4,145 per active participant

Graco Inc's 2024 employer contribution ran above the $4,294 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 · 20245
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$215,149
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$255,972
MERCER (US) INC · Accounting / audit · Investment advisory (plan)$66,800
CLIFTONLARSONALLEN LLP · Accounting / audit$9,975
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$432

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$549,096 · 0.09%
2023$459,688 · 0.09%
2022$467,911 · 0.09%
Same employer
Similar plansManufacturing · Minnesota
Mac Arthur Co MN$729.3M · 0.02%
Nvent Management Company MN$728.6M · 0.02%
Schwans Shared Services, LLC MN$631.9M · 0.18%
Daikin Applied Americas Inc. MN$589.8M · 0.13%
Vista Outdoor Inc. MN$567.8M · 0.16%
H.B. Fuller Company MN$529.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410285640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.