Plan Ledger DOL Form 5500 · updated monthly

Grundfos Pumps Corporation401(k)

GRUNDFOS PUMPS CORPORATION 401(K) PROFIT SHARING PLAN · AURORA, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Grundfos Pumps Corporation reported $263,367 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $4,829 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 0.03% to 0.11%. 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 274th-largest of 3,702 plans among Illinois employers on file, and the 994th of 13,661 in manufacturing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$250,939,037
Participants with balances1,751
Active participants1,290
Employer contributions$6,229,568
Employee contributions$10,270,332
Employer contribution per active participant$4,829
Average account balance$143,312
Benefits paid to participants$22,321,878
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$250.9M · 1,751 accts · $6.2M emplr
2023$223.8M · 1,720 accts · $6.1M emplr
2022$198.1M · 1,654 accts · $5.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$132,162
Investment management$83,880
Audit (IQPA)$17,325
Total administrative$263,367
The Grundfos Pumps Corporation 401(k) match · 2024
Employer contribution per active participant$4,829
Median for plans this size$3,635
2024$4,829 per active participant
2023$4,739 per active participant
2022$4,357 per active participant

Grundfos Pumps Corporation's 2024 employer contribution ran above the $3,635 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$132,162
TOWERS WATSON INVESTMENT SERVICES · Consulting · Investment advisory (plan)$75,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$38,880
CLIFTONLARSONALLEN LLP · Accounting / audit$17,325

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$263,367 · 0.11%
2023$228,048 · 0.11%
2022$72,180 · 0.03%
Same employer
Similar plansManufacturing · Illinois
Atkore International Inc. IL$260.7M · 0.20%
Great Dane LLC IL$256.0M · 0.09%
Spraying Systems Co IL$254.9M · 0.07%
Inx International Ink Co. IL$252.7M · 0.09%
Hydraforce, Inc. IL$250.2M · 0.15%
Tropicana Products, Inc. IL$246.0M · 0.15%
Now Health Group, Inc. IL$235.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942248162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.