Plan Ledger DOL Form 5500 · updated monthly

Spraying Systems Co401(k)

SPRAYING SYSTEMS CO. EMPLOYEES' PROFIT SHARING AND 401(K) PLAN · WHEATON, IL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Spraying Systems Co reported $170,668 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,299 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 0.06% to 0.07%. 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 270th-largest of 3,702 plans among Illinois employers on file, and the 979th of 13,661 in manufacturing. In 2024, employees put in $1.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$254,935,664
Participants with balances1,358
Active participants1,161
Employer contributions$4,990,596
Employee contributions$5,809,205
Employer contribution per active participant$4,299
Average account balance$187,729
Benefits paid to participants$21,451,938
Plan auditUnmodified (clean) audit opinion
AuditorPRICEWATERHOUSE COOPERS
Plan history3
Yearassets · accounts · employer contribution
2024$254.9M · 1,358 accts · $5.0M emplr
2023$240.8M · 1,370 accts · $6.2M emplr
2022$208.2M · 1,326 accts · $6.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,668
Audit (IQPA)$46,000
Total administrative$170,668
The Spraying Systems Co 401(k) match · 2024
Employer contribution per active participant$4,299
Median for plans this size$3,635
2024$4,299 per active participant
2023$5,268 per active participant
2022$6,057 per active participant

Spraying Systems Co's 2024 employer contribution ran above 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
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping$132,758
PRICEWATERHOUSECOOPERS LLP · Accounting / audit$46,000

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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

Administrative cost history3
2024$170,668 · 0.07%
2023$146,675 · 0.07%
2022$138,126 · 0.06%
Same employer
Similar plansManufacturing · Illinois
Littelfuse, Inc. IL$266.1M · 0.05%
Griffith Foods Group, Inc. IL$261.5M · 0.07%
Atkore International Inc. IL$260.7M · 0.20%
Great Dane LLC IL$256.0M · 0.09%
Inx International Ink Co. IL$252.7M · 0.09%
Grundfos Pumps Corporation IL$250.9M · 0.11%
Hydraforce, Inc. IL$250.2M · 0.15%
Tropicana Products, Inc. IL$246.0M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 361922920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.