Plan Ledger DOL Form 5500 · updated monthly

Ikea North America Services, LLC401(k)

IKEA RETIREMENT AND SAVINGS PLAN · CONSHOHOCKEN, PA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Ikea North America Services, LLC reported $1,063,891 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $2,058 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 0.04% to 0.11%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 72nd-largest of 3,651 plans among Pennsylvania employers on file, and the 58th of 5,215 in retail trade. In 2024, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,074,679,887
Participants with balances20,185
Active participants16,565
Employer contributions$34,088,951
Employee contributions$48,415,550
Employer contribution per active participant$2,058
Average account balance$53,242
Benefits paid to participants$103,890,956
Plan auditUnmodified (clean) audit opinion
AuditorCBIZ CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 20,185 accts · $34.1M emplr
2023$803.9M · 18,781 accts · $29.7M emplr
2022$653.0M · 18,079 accts · $28.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$889,041
Investment management$115,000
Audit (IQPA)$59,850
Total administrative$1,063,891
The Ikea North America Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,058
Median for plans this size$4,294
2024$2,058 per active participant
2023$1,970 per active participant
2022$1,699 per active participant

Ikea North America Services, LLC's 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$939,099
CAPFINANCIAL PARTNERS, LLC · Investment advisory (plan)$115,000
MARCUM LLP · Accounting / audit$59,850

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$1,063,891 · 0.11%
2023$387,956 · 0.05%
2022$283,233 · 0.04%
All plans at this employer2
IKEA RETIREMENT AND SAVINGS PLAN401(k)
TACKProfit-sharing plan
Same employer
Similar plansRetail Trade · Pennsylvania
Sap America, Inc. PA$9.2B · 0.05%
Wawa, Inc. PA$5.4B · 0.03%
Rite Aid Corporation PA$3.3B · 0.07%
Qvc, Inc. PA$1.1B · 0.07%
The Giant Company LLC PA$991.5M · 0.07%
Dick's Sporting Goods, Inc. PA$883.7M · 0.08%
Giant Eagle, Inc. PA$845.1M · 0.10%
84 Lumber Company, L.P. PA$779.5M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 233005722 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.