Plan Ledger DOL Form 5500 · updated monthly

Thule Inc.401(k)

THULE INC. 401(K) PLAN · SEYMOUR, CT · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Thule Inc. reported $194,496 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,957 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 0.48% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 318th-largest of 1,106 plans among Connecticut employers on file, and the 884th of 4,246 in wholesale trade. In 2024, employees put in $2.48 for every $1.00 the employer contributed; active participation has shrunk from 372 to 304 since 2022.

Plan summary
Net assets, end of year$46,489,585
Participants with balances419
Active participants304
Employer contributions$898,871
Employee contributions$2,229,068
Employer contribution per active participant$2,957
Average account balance$110,954
Benefits paid to participants$2,143,299
Plan auditUnmodified (clean) audit opinion
AuditorFIONDELLA, MILONE & LASARACINA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 419 accts · $899K emplr
2023$39.6M · 471 accts · $882K emplr
2022$34.9M · 529 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$138,675
Investment management$41,821
Audit (IQPA)$14,000
Total administrative$194,496
The Thule Inc. 401(k) match · 2024
Employer contribution per active participant$2,957
Median for plans this size$2,416
2024$2,957 per active participant
2023$2,571 per active participant
2022$2,705 per active participant

Thule Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$138,675
M HOLDINGS SECURITIES · Investment advisory (plan)$41,821
FIONDELLA, MILONE & LASARACINA · Accounting / audit$14,000
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$194,496 · 0.45%
2023$116,534 · 0.31%
2022$192,142 · 0.48%
Same employer
Similar plansWholesale Trade · Connecticut
Icon International, Inc. CT$60.6M · 0.01%
Melissa & Doug, LLC CT$38.4M · 0.21%
Victorinox Swiss Army, Inc. CT$37.7M · 0.06%
Star Distributors, Inc. CT$36.7M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133053238 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.