Plan Ledger DOL Form 5500 · updated monthly

The Goodheart-Willcox Company, Inc.ESOP

THE GOODHEART-WILLCOX COMPANY, INC. EMPLOYEES' PROFIT SHARING AND STOCK OWNERSHIP PLAN · TINLEY PARK, IL · plan year 2024

Employer contribution per participant · 2024
$10,356

The Goodheart-Willcox Company, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $107,764,966 across 168 participant accounts, with employer contributions averaging $10,356 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.02% to 0.01%. 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 528th-largest of 3,702 plans among Illinois employers on file, and the 1,801st of 13,661 in manufacturing.

Plan summary
Net assets, end of year$107,764,966
Participants with balances168
Active participants157
Employer contributions$1,625,821
Employee contributions—
Employer contribution per active participant$10,356
Average account balance$641,458
Benefits paid to participants$8,501,895
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$107.8M · 168 accts · $1.6M emplr
2023$88.9M · 192 accts · $1.1M emplr
2022$69.6M · 181 accts · $669K emplr
Employer contributions to the The Goodheart-Willcox Company, Inc. plan · 2024
Employer contribution per active participant$10,356
Median for plans this size$3,635
2024$10,356 per active participant
2023$6,945 per active participant
2022$4,585 per active participant

The Goodheart-Willcox Company, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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.

Administrative cost history3
2024Not separately reported
2023$5,155 · 0.01%
2022$14,359 · 0.02%
All plans at this employer2
THE GOODHEART-WILLCOX COMPANY, INC. EMPLOYEES' PROFIT SHARING AND STOCK OWNERSHIP PLANESOP
THE GOODHEART-WILLCOX COMPANY, INC. 401(K) PLAN AND TRUST401(k)
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Source: U.S. Department of Labor, Form 5500 series, EIN 362135994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.