Plan Ledger DOL Form 5500 · updated monthly

The Sherwin-Williams Company401(k) + ESOP (KSOP)

THE SHERWIN-WILLIAMS COMPANY 401(K) PLAN · CLEVELAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

The Sherwin-Williams Company reported $2,642,321 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $3,387 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 0.028% to 0.026%. 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 5th-largest of 3,295 plans among Ohio employers on file, and the 37th of 13,661 in manufacturing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,563,559,628
Participants with balances61,101
Active participants47,319
Employer contributions$160,255,363
Employee contributions$277,598,558
Employer contribution per active participant$3,387
Average account balance$172,887
Benefits paid to participants$1,205,434,582
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.6B · 61,101 accts · $160.3M emplr
2023$10.1B · 61,185 accts · $149.9M emplr
2022$8.3B · 60,448 accts · $137.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$764,259
Investment management$951,339
Total administrative$2,642,321
The The Sherwin-Williams Company 401(k) match · 2024
Employer contribution per active participant$3,387
Median for plans this size$5,259
2024$3,387 per active participant
2023$3,159 per active participant
2022$2,909 per active participant

The Sherwin-Williams Company's 2024 employer contribution ran below the $5,259 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 · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$951,339
FIDELITY INV INST OPS CO, INC · Loan processing$742,006
QDRO CONSULTANTS · Plan administrator$16,450

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$2,642,321 · 0.03%
2023$2,939,373 · 0.03%
2022$2,767,519 · 0.03%
All plans at this employer3
THE SHERWIN-WILLIAMS COMPANY 401(K) PLAN401(k) + ESOP (KSOP)
THE SHERWIN-WILLIAMS COMPANY SALARIED EMPLOYEES' REVISED PENSION INVESTMENT PLANMoney purchase plan
THE SHERWIN-WILLIAMS COMPANY HOURLY 401(K) PLAN401(k)
Same employer
Similar plansManufacturing · Ohio
General Electric Company OH$24.8B · 0.01%
Eaton Corporation OH$8.4B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340526850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.