Plan Ledger DOL Form 5500 · updated monthly

Industrial Hard Chrome, LTD.401(k)

INDUSTRIAL HARD CHROME, LTD. 401(K) RETIREMENT PLAN AND TRUST · GENEVA, IL · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Industrial Hard Chrome, LTD. reported $73,083 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,163 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 0.52% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (1,916th of 3,702), and the 6,769th of 13,661 in manufacturing. In 2024, the employer put in $1.36 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$16,154,705
Participants with balances152
Active participants102
Employer contributions$424,623
Employee contributions$312,731
Employer contribution per active participant$4,163
Average account balance$106,281
Benefits paid to participants$670,413
Plan auditUnmodified (clean) audit opinion
AuditorDHJJ, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 152 accts · $425K emplr
2023$13.9M · 152 accts · $475K emplr
2022$12.0M · 154 accts · $481K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,083
Total administrative$73,083
The Industrial Hard Chrome, LTD. 401(k) match · 2024
Employer contribution per active participant$4,163
Median for plans this size$2,416
2024$4,163 per active participant
2023$4,658 per active participant
2022$4,452 per active participant

Industrial Hard Chrome, LTD.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20246
PROACCOUNT · Investment advisory (participants)$30,945
WELLS FARGO CLEARING SRVS LLC (PCG) · Investment advisory (plan)$8,903
THE RETIREMENT ADVANTAGE, INC. · Plan administrator$3,625
NATIONWIDE · Investment advisory (participants)$933
AUSTIN PETERSON · Investment advisory (participants)$375
NATIONWIDE · Investment advisory (participants)$100

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$73,083 · 0.49%
2023$70,151 · 0.54%
2022$69,731 · 0.52%
Same employer
Similar plansManufacturing · Illinois
Ceratizit USA, Inc. IL$16.4M · 0.35%
Lake County Press, Inc. IL$16.4M · 0.12%
Rukel Management, LLC IL$16.2M · 0.09%
Nexus Pharmaceuticals, LLC IL$16.0M · 0.43%
Peer Foods Group, Inc. IL$15.9M · 0.04%
Chicago Dryer Company IL$15.8M · 0.30%
Chicago Rivet & Machine Co. IL$15.8M · 0.17%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 363392489 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.