Plan Ledger DOL Form 5500 · updated monthly

Sealy Mattress Corporation401(k)

SEALY 401(K) SAVINGS PLAN · TRINITY, NC · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Sealy Mattress Corporation reported $28,020 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $91 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 0.25% to 0.22%. 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 960th-largest of 2,005 plans among North Carolina employers on file, and 7,684th of 13,661 in manufacturing. In 2024, employees put in $8.44 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,108,412
Participants with balances507
Active participants2,114
Employer contributions$193,074
Employee contributions$1,628,598
Employer contribution per active participant$91
Average account balance$25,855
Benefits paid to participants$1,936,083
Plan auditUnmodified (clean) audit opinion
AuditorSMITH LEONARD
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 507 accts · $193K emplr
2023$11.9M · 526 accts · $187K emplr
2022$9.6M · 402 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,320
Audit (IQPA)$142
Total administrative$28,020
The Sealy Mattress Corporation 401(k) match · 2024
Employer contribution per active participant$91
Median for plans this size$2,416
2024$91 per active participant
2023$84 per active participant
2022$51 per active participant

Sealy Mattress Corporation'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
EMPOWER ANNUITY INSURANCE COMPANY C · Recordkeeping · Loan processing$11,826
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$15,494

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$28,020 · 0.22%
2023$36,459 · 0.34%
2022$25,929 · 0.25%
Similar plansManufacturing · North Carolina
Sarstedt, Inc. NC$13.2M · 0.04%
Fairfield Chair Company NC$12.9M · 0.62%
C.R. Onsrud, Inc. NC$12.9M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201178482 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.