Plan Ledger DOL Form 5500 · updated monthly

The Lubrizol Corporation401(k)

THE LUBRIZOL CORPORATION EMPLOYEES' PROFIT SHARING AND SAVINGS PLAN · WICKLIFFE, OH · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

The Lubrizol Corporation reported $725,756 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $12,368 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 0.04% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 37th-largest of 3,295 plans among Ohio employers on file, and the 229th of 13,661 in manufacturing. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$1,474,124,575
Participants with balances5,670
Active participants3,932
Employer contributions$48,630,516
Employee contributions$45,532,108
Employer contribution per active participant$12,368
Average account balance$259,987
Benefits paid to participants$167,806,566
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.5B · 5,670 accts · $48.6M emplr
2023$1.4B · 5,791 accts · $47.1M emplr
2022$1.3B · 5,988 accts · $47.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,372
Investment management$677,784
Total administrative$725,756
The The Lubrizol Corporation 401(k) match · 2024
Employer contribution per active participant$12,368
Median for plans this size$5,259
2024$12,368 per active participant
2023$11,543 per active participant
2022$11,180 per active participant

The Lubrizol Corporation's 2024 employer contribution ran above the $5,259 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.

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
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Loan processing$44,372
EMPOWER ADVISORY GROUP, LLC · Investment advisory (participants)$677,784
WILLIS TOWERS WATSON US LLC · Consulting$18,577

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$725,756 · 0.05%
2023$603,577 · 0.05%
2022$607,229 · 0.04%
Same employer
Similar plansManufacturing · Ohio
Garland Industries, Inc OH$2.0B · 0.00%
Rpm International Inc. OH$1.6B · 0.05%
The J.M. Smucker Company OH$1.5B · 0.03%
Transdigm Inc. OH$1.5B · 0.04%
The Timken Company OH$1.4B · 0.09%
Owens Corning OH$1.3B · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340367600 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.