Plan Ledger DOL Form 5500 · updated monthly

Pentair Inc401(k) + ESOP (KSOP)

PENTAIR, INC. RETIREMENT SAVINGS AND STOCK · GOLDEN VALLEY, MN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Pentair Inc reported $489,639 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $4,251 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 0.08% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other management of companies employers. By assets it is the 47th-largest of 1,918 plans among Minnesota employers on file, and the 47th of 786 in management of companies. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has shrunk from 5,714 to 4,636 since 2022.

Plan summary
Net assets, end of year$909,724,109
Participants with balances6,900
Active participants4,636
Employer contributions$19,706,037
Employee contributions$38,291,569
Employer contribution per active participant$4,251
Average account balance$131,844
Benefits paid to participants$120,522,052
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$909.7M · 6,900 accts · $19.7M emplr
2023$822.4M · 7,387 accts · $19.5M emplr
2022$693.8M · 8,063 accts · $21.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$480,698
Total administrative$489,639
The Pentair Inc 401(k) match · 2024
Employer contribution per active participant$4,251
Median for plans this size$4,294
2024$4,251 per active participant
2023$3,879 per active participant
2022$3,757 per active participant

Pentair Inc'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 · 202412
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$193,804
FOLEY & LARDNER LLP · Legal$1,716
BLACKROCK INSTITUTIONAL TRUST CO NA · Investment managementindirect comp
LOOMIS SAYLES TRUST COMPANY, LLCindirect comp
STATE STREET BANK & TRUST COindirect comp
OAKMARKindirect comp
VICTORY CAPITAL MANAGEMENT INCindirect comp
DODGE & COXindirect comp
RELIANCE TRUST COMPANYindirect comp
VANGUARDindirect comp

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$489,639 · 0.06%
2023$521,846 · 0.07%
2022$603,439 · 0.08%
Same employer
Similar plansManagement of Companies · Minnesota
Teco Energy, Inc. FL$1.1B · 0.02%
Patterson Companies, Inc. MN$999.1M · 0.03%
Associated Banc-Corp WI$963.9M · 0.03%
Kemper Corporation IL$887.5M · 0.06%
Concentrix Cvg Corporation OH$879.7M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410907434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.