Plan Ledger DOL Form 5500 · updated monthly

Spartan Chemical Company, Inc.401(k)

SPARTAN CHEMICAL COMPANY, INC. EMPLOYEES PROFIT SHARING AND 401(K) PLAN · MAUMEE, OH · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Spartan Chemical Company, Inc. reported $55,491 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $2,440 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 0.13% to 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 532nd-largest of 3,295 plans among Ohio employers on file, and the 2,671st of 13,661 in manufacturing. In 2024, employees put in $3.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$63,170,403
Participants with balances341
Active participants326
Employer contributions$795,288
Employee contributions$2,609,095
Employer contribution per active participant$2,440
Average account balance$185,250
Benefits paid to participants$11,622,823
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.2M · 341 accts · $795K emplr
2023$62.8M · 353 accts · $761K emplr
2022$57.9M · 331 accts · $709K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,491
Investment management$50,000
Total administrative$55,491
The Spartan Chemical Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,440
Median for plans this size$3,635
2024$2,440 per active participant
2023$2,362 per active participant
2022$2,309 per active participant

Spartan Chemical Company, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping$5,491
VENTURE VISIONARY PARTNERS · Investment advisory (plan)$50,000

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

Recordkeeper by year2
2024John Hancock
2023Ascensus, John Hancock

This plan has changed recordkeepers within these filings. If you left Spartan Chemical Company, 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$55,491 · 0.09%
2023$84,250 · 0.14%
2022$78,487 · 0.13%
Same employer
Similar plansManufacturing · Ohio
National Machinery LLC OH$64.3M · 0.03%
Kth Parts Industries, Inc. OH$63.7M · 0.05%
Buckeye Corrugated, Inc. OH$63.4M · 0.21%
Sugar Creek Packing Co. OH$63.2M · 0.26%
Pilot Chemical Company OH$62.5M · 0.02%
Gg Brands Company OH$61.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 344463428 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.