Plan Ledger DOL Form 5500 · updated monthly

John Bean Technologies Corporation401(k)

JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

John Bean Technologies Corporation reported $355,142 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $6,334 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 0.11% to 0.08%. 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 169th-largest of 3,702 plans among Illinois employers on file, and the 611th of 13,661 in manufacturing. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has shrunk from 3,342 to 2,279 since 2022.

Plan summary
Net assets, end of year$458,236,967
Participants with balances3,433
Active participants2,279
Employer contributions$14,434,216
Employee contributions$20,209,619
Employer contribution per active participant$6,334
Average account balance$133,480
Benefits paid to participants$59,869,939
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$458.2M · 3,433 accts · $14.4M emplr
2023$416.5M · 3,637 accts · $15.0M emplr
2022$359.9M · 3,819 accts · $14.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$180,409
Investment management$145,860
Audit (IQPA)$27,135
Total administrative$355,142
The John Bean Technologies Corporation 401(k) match · 2024
Employer contribution per active participant$6,334
Median for plans this size$4,294
2024$6,334 per active participant
2023$6,475 per active participant
2022$4,385 per active participant

John Bean Technologies Corporation'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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$180,409
NORTHERN TRUST COMPANY · Investment management$145,860
GRANT THORNTON LLP · Accounting / audit$27,135

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$355,142 · 0.08%
2023$407,381 · 0.10%
2022$427,358 · 0.11%
All plans at this employer2
JOHN BEAN TECHNOLOGIES CORPORATION SAVINGS AND INVESTMENT PLAN401(k)
JOHN BEAN TECHNOLOGIES CORPORATION AIRPORT SERVICES DIVISION SAVINGS AND INVESTMENT PLAN401(k)
Same employer
Similar plansManufacturing · Illinois
Kone Inc. IL$467.4M · 0.08%
Shure Incorporated IL$439.7M · 0.07%
Heico Holding, Inc. IL$437.5M · 0.08%
Flex-N-Gate LLC IL$405.0M · 0.11%
Stepan Company IL$395.4M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911650317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.