Plan Ledger DOL Form 5500 · updated monthly

H.B. Fuller Company401(k)

H.B. FULLER COMPANY 401(K) & RETIREMENT PLAN · ST PAUL, MN · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

H.B. Fuller Company reported $1,045,225 in plan administrative expenses for 2024: 0.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,620 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 3 years on file its reported administrative ratio has held roughly steady near 0.205%. 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 82nd-largest of 1,918 plans among Minnesota employers on file, and the 545th of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 2,561 to 2,838 since 2022.

Plan summary
Net assets, end of year$529,340,428
Participants with balances3,719
Active participants2,838
Employer contributions$13,111,625
Employee contributions$23,075,891
Employer contribution per active participant$4,620
Average account balance$142,334
Benefits paid to participants$62,997,494
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$529.3M · 3,719 accts · $13.1M emplr
2023$488.2M · 3,276 accts · $12.2M emplr
2022$417.9M · 3,342 accts · $12.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$590,774
Investment management$360,641
Audit (IQPA)$10,750
Total administrative$1,045,225
The H.B. Fuller Company 401(k) match · 2024
Employer contribution per active participant$4,620
Median for plans this size$4,294
2024$4,620 per active participant
2023$4,826 per active participant
2022$5,014 per active participant

H.B. Fuller Company'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 · 20249
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping$590,774
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$222,865
AON INVESTMENTS USA INC$80,000
BDO USA LLP$56,575
STEVEN DOUGLAS ASSOCIATES LLC · Accounting / audit$51,729
STEVEN DOUGLAS INTERIM FINANCIAL SE$14,881
BAKER TILLY US LLP · Accounting / audit$10,750
WILLIS TOWERS WATSON US LLC$8,734
FAEGRE DRINKER BIDDLE & REATH LLP$6,202

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

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Administrative cost history3
2024$1,045,225 · 0.21%
2023$982,730 · 0.22%
2022$940,566 · 0.21%
Same employer
Similar plansManufacturing · Minnesota
Graco Inc MN$619.1M · 0.09%
Daikin Applied Americas Inc. MN$589.8M · 0.13%
Vista Outdoor Inc. MN$567.8M · 0.16%
Apogee Enterprises, Inc. MN$497.1M · 0.12%
Tennant Company MN$486.4M · 0.08%
Entrust Corporation MN$471.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410268370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.