Plan Ledger DOL Form 5500 · updated monthly

Johnson Electric North America Holding Inc.401(k)

JOHNSON ELECTRIC 401(K) RETIREMENT SAVINGS PLAN · VANDALIA, OH · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Johnson Electric North America Holding Inc. reported $200,299 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,050 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 0.28% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 443rd-largest of 3,295 plans among Ohio employers on file, and the 745th of 5,337 in construction. In 2024, employees put in $2.47 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$79,838,000
Participants with balances1,004
Active participants801
Employer contributions$1,642,235
Employee contributions$4,060,042
Employer contribution per active participant$2,050
Average account balance$79,520
Benefits paid to participants$6,952,417
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNING & CO. LTD
Plan history3
Yearassets · accounts · employer contribution
2024$79.8M · 1,004 accts · $1.6M emplr
2023$71.1M · 1,061 accts · $1.6M emplr
2022$61.8M · 958 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,768
Investment management$79,799
Trustee / custodial$20,732
Total administrative$200,299
The Johnson Electric North America Holding Inc. 401(k) match · 2024
Employer contribution per active participant$2,050
Median for plans this size$3,635
2024$2,050 per active participant
2023$1,862 per active participant
2022$1,827 per active participant

Johnson Electric North America Holding Inc.'s 2024 employer contribution ran below 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
MILLIMAN, INC. · Recordkeeping · Pension consulting$99,768
CAPITAL FINANCIAL PARTNERS · Accounting / audit · Trustee$79,799
CHARLES SCHWAB BANK · Custodial (securities) · Trustee$20,732
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trusteeindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$200,299 · 0.27%
2023$177,321 · 0.27%
2022$192,600 · 0.28%
Same employer
Similar plansConstruction · Ohio
Vaughn Industries, LLC OH$87.5M · 0.28%
Shelly & Sands, Inc. OH$86.9M · 0.21%
Lithko Contracting, LLC OH$86.2M · 0.26%
Digeronimo OH$75.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 980208105 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.