Plan Ledger DOL Form 5500 · updated monthly

Profile Products LLC401(k)

PROFILE PRODUCTS LLC EMPLOYEES' SAVINGS & RETIREMENT PLAN · BUFFALO GROVE, IL · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Profile Products LLC reported $11,417 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $935 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 rose from 0.046% to 0.053%. 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 the 1,536th-largest of 3,702 plans among Illinois employers on file, and the 5,305th of 13,661 in manufacturing. In 2024, employees put in $3.77 for every $1.00 the employer contributed; active participation has grown from 480 to 567 since 2022.

Plan summary
Net assets, end of year$23,734,577
Participants with balances417
Active participants567
Employer contributions$529,979
Employee contributions$1,995,930
Employer contribution per active participant$935
Average account balance$56,917
Benefits paid to participants$1,756,521
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 417 accts · $530K emplr
2023$19.5M · 340 accts · $431K emplr
2022$17.7M · 264 accts · $529K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,319
Investment management$7,098
Total administrative$11,417
The Profile Products LLC 401(k) match · 2024
Employer contribution per active participant$935
Median for plans this size$2,416
2024$935 per active participant
2023$822 per active participant
2022$1,102 per active participant

Profile Products LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20242
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,098
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,319

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$11,417 · 0.05%
2023$10,266 · 0.06%
2022$8,762 · 0.05%
Same employer
Similar plansManufacturing · Illinois
Johns Byrne Company IL$24.2M · 0.01%
Vanee Foods Company IL$24.2M · 0.35%
Turtle Wax, Inc. IL$23.9M · 0.22%
Springfield, Inc. IL$23.6M · 0.38%
Morton Industries, LLC IL$23.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841433208 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.