Plan Ledger DOL Form 5500 · updated monthly

Sellars Absorbent Materials, Inc.401(k)

SELLARS ABSORBENT MATERIALS 401(K) PROFIT SHARING PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Sellars Absorbent Materials, Inc. reported $113,586 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,313 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 0.56% to 0.52%. 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 775th-largest of 1,936 plans among Wisconsin employers on file, and the 5,400th of 13,661 in manufacturing. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 187 to 207 since 2022.

Plan summary
Net assets, end of year$23,128,955
Participants with balances283
Active participants207
Employer contributions$685,794
Employee contributions$1,392,565
Employer contribution per active participant$3,313
Average account balance$81,728
Benefits paid to participants$1,768,393
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS-BLUM
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 283 accts · $686K emplr
2023$20.2M · 254 accts · $657K emplr
2022$16.7M · 243 accts · $677K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,664
Investment management$52,922
Total administrative$113,586
The Sellars Absorbent Materials, Inc. 401(k) match · 2024
Employer contribution per active participant$3,313
Median for plans this size$2,416
2024$3,313 per active participant
2023$3,735 per active participant
2022$3,621 per active participant

Sellars Absorbent Materials, Inc.'s 2024 employer contribution ran above the $2,416 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
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$60,664
IFP GROUP, LLC · Accounting / audit$52,922
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024The Standard
2023STANCROP FINANCIAL GROUP

This plan has changed recordkeepers within these filings. If you left Sellars Absorbent Materials, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$113,586 · 0.52%
2023$102,374 · 0.56%
2022$99,456 · 0.56%
Same employer
Similar plansManufacturing · Wisconsin
Iris USA, Inc. WI$23.8M · 0.33%
Saco Aei Polymers, Inc. WI$23.4M · 0.46%
Pacur LLC WI$23.1M · 0.46%
Therma-Stor LLC WI$22.9M · 0.34%
Kapco, Inc. WI$22.8M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391518030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.