Plan Ledger DOL Form 5500 · updated monthly

Bendix Commercial Vehicle Systems LLC401(k)

BENDIX COMMERCIAL VEHICLE SYSTEMS LLC SAVINGS PLAN · AVON, OH · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Bendix Commercial Vehicle Systems LLC reported $219,547 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $4,011 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 0.06%. 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 130th-largest of 3,295 plans among Ohio employers on file, and the 694th of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$387,539,438
Participants with balances2,723
Active participants2,205
Employer contributions$8,844,453
Employee contributions$15,546,798
Employer contribution per active participant$4,011
Average account balance$142,321
Benefits paid to participants$42,237,024
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$387.5M · 2,723 accts · $8.8M emplr
2023$355.7M · 2,937 accts · $8.9M emplr
2022$318.3M · 3,027 accts · $8.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$219,547
Total administrative$219,547
The Bendix Commercial Vehicle Systems LLC 401(k) match · 2024
Employer contribution per active participant$4,011
Median for plans this size$4,294
2024$4,011 per active participant
2023$3,638 per active participant
2022$3,482 per active participant

Bendix Commercial Vehicle Systems LLC's 2024 employer contribution ran below 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$219,547

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$219,547 · 0.06%
2023$123,020 · 0.04%
2022$383,909 · 0.11%
Same employer
Similar plansManufacturing · Ohio
Babcock & Wilcox Company OH$457.4M · 0.04%
O-I Glass, Inc. OH$415.0M · 0.05%
Ariel Corporation OH$390.7M · 0.05%
First Solar, Inc. OH$361.5M · 0.07%
Midmark Corporation OH$359.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263792367 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.