Plan Ledger DOL Form 5500 · updated monthly

Stepan Company401(k)

STEPAN COMPANY SAVINGS AND INVESTMENT RETIREMENT PLAN · NORTHBROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Stepan Company reported $135,878 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,568 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 0.04% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 193rd-largest of 3,702 plans among Illinois employers on file, and the 684th of 13,661 in manufacturing. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$395,436,987
Participants with balances1,765
Active participants1,264
Employer contributions$8,301,970
Employee contributions$14,894,682
Employer contribution per active participant$6,568
Average account balance$224,044
Benefits paid to participants$79,339,091
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$395.4M · 1,765 accts · $8.3M emplr
2023$389.3M · 1,814 accts · $8.3M emplr
2022$343.4M · 1,769 accts · $7.9M emplr
Administrative expenses, itemized · 2024
Investment management$95,691
Audit (IQPA)$25,200
Total administrative$135,878
The Stepan Company 401(k) match · 2024
Employer contribution per active participant$6,568
Median for plans this size$4,294
2024$6,568 per active participant
2023$6,586 per active participant
2022$6,200 per active participant

Stepan Company's 2024 employer contribution ran above the $4,294 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 · 20245
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$95,691
CHOREO, LLC · Accounting / audit · Consulting$51,250
GRANT THORNTON LLP · Accounting / audit$25,200
GRANT THORNTON ADVISORS LLC · Accounting / audit$10,739
FIDELITY INV.INST.OPS.CO · Trustee · Loan processingindirect comp

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$135,878 · 0.03%
2023$87,038 · 0.02%
2022$156,895 · 0.04%
All plans at this employer2
STEPAN COMPANY SAVINGS AND INVESTMENT RETIREMENT PLAN401(k)
STEPAN COMPANY EMPLOYEE STOCK OWNERSHIP PLAN IIESOP
Same employer
Similar plansManufacturing · Illinois
Shure Incorporated IL$439.7M · 0.07%
Heico Holding, Inc. IL$437.5M · 0.08%
Flex-N-Gate LLC IL$405.0M · 0.11%
Acco Brands Corporation IL$392.3M · 0.06%
Yaskawa America, Inc. IL$379.4M · 0.13%
The Middleby Corporation IL$378.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361823834 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.