Plan Ledger DOL Form 5500 · updated monthly

Turtle Wax, Inc.401(k)

TURTLE WAX RETIREMENT SAVINGS PLAN · ADDISON, IL · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Turtle Wax, Inc. reported $47,816 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $3,701 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 0.37% to 0.22%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,529th-largest of 3,702 plans among Illinois employers on file, and the 5,278th of 13,661 in manufacturing. In 2024, employees put in $3.35 for every $1.00 the employer contributed; active participation has shrunk from 76 to 66 since 2022.

Plan summary
Net assets, end of year$23,928,302
Participants with balances132
Active participants66
Employer contributions$244,268
Employee contributions$818,998
Employer contribution per active participant$3,701
Average account balance$181,275
Benefits paid to participants$1,292,646
Plan auditUnmodified (clean) audit opinion
AuditorSASSETTI, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 132 accts · $244K emplr
2023$20.3M · 139 accts · $228K emplr
2022$17.5M · 149 accts · $222K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,816
Investment management$24,000
Total administrative$47,816
The Turtle Wax, Inc. 401(k) match · 2024
Employer contribution per active participant$3,701
Median for plans this size$2,416
2024$3,701 per active participant
2023$3,253 per active participant
2022$2,920 per active participant

Turtle Wax, 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 · 20242
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$24,000
JPMORGAN INVEST HOLDINGS LLC$23,816

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$47,816 · 0.22%
2023$56,094 · 0.30%
2022$75,368 · 0.37%
Similar plansManufacturing · Illinois
Grecian Delight Foods, Inc. IL$24.4M · 0.44%
Johns Byrne Company IL$24.2M · 0.01%
Vanee Foods Company IL$24.2M · 0.35%
Profile Products LLC IL$23.7M · 0.05%
Springfield, Inc. IL$23.6M · 0.38%
Morton Industries, LLC IL$23.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362068941 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.