Plan Ledger DOL Form 5500 · updated monthly

Schneider Electric Holdings, Inc.401(k)

SCHNEIDER ELECTRIC 401(K) PLAN · WESTMONT, 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

Schneider Electric Holdings, Inc. reported $2,546,573 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $5,921 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 3 years on file its reported administrative ratio has held roughly steady near 0.053%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 13th-largest of 3,702 plans among Illinois employers on file, and the 72nd of 13,661 in manufacturing. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 17,259 to 20,597 since 2022.

Plan summary
Net assets, end of year$5,064,434,580
Participants with balances29,031
Active participants20,597
Employer contributions$121,949,781
Employee contributions$191,209,570
Employer contribution per active participant$5,921
Average account balance$174,449
Benefits paid to participants$439,046,463
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.1B · 29,031 accts · $121.9M emplr
2023$4.6B · 27,484 accts · $109.5M emplr
2022$4.1B · 26,888 accts · $98.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$629,486
Investment management$1,916,187
Total administrative$2,546,573
The Schneider Electric Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$5,921
Median for plans this size$5,259
2024$5,921 per active participant
2023$5,896 per active participant
2022$5,703 per active participant

Schneider Electric Holdings, Inc.'s 2024 employer contribution ran above the $5,259 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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$629,486
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$1,813,916
AON INVESTMENTS USA INC · Investment advisory (plan)$102,271

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

Recordkeeper by year2
2024Empower
2023Empower

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,546,573 · 0.05%
2023$2,401,891 · 0.06%
2022$2,466,518 · 0.05%
Same employer
Similar plansManufacturing · Illinois
Abbvie Inc. IL$13.4B · 0.03%
Deere & Company IL$11.0B · 0.00%
Motorola Solutions, Inc. IL$6.5B · 0.05%
S&C Electric Company IL$2.7B · 0.00%
Astellas US LLC IL$1.9B · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 364141566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.