Plan Ledger DOL Form 5500 · updated monthly

Unilock Chicago, Inc.401(k)

UNILOCK RETIREMENT PLAN AND TRUST (CHICAGO) · AURORA, IL · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Unilock Chicago, Inc. reported $57,019 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $6,848 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 0.16% to 0.15%. 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 1,118th-largest of 3,702 plans among Illinois employers on file, and the 3,777th of 13,661 in manufacturing. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has grown from 171 to 192 since 2022.

Plan summary
Net assets, end of year$38,734,714
Participants with balances226
Active participants192
Employer contributions$1,314,726
Employee contributions$1,482,514
Employer contribution per active participant$6,848
Average account balance$171,393
Benefits paid to participants$3,835,711
Plan auditUnmodified (clean) audit opinion
AuditorLVBW LLP
Plan history3
Yearassets · accounts · employer contribution
2024$38.7M · 226 accts · $1.3M emplr
2023$35.0M · 212 accts · $1.5M emplr
2022$28.6M · 204 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,072
Trustee / custodial$19,361
Total administrative$57,019
The Unilock Chicago, Inc. 401(k) match · 2024
Employer contribution per active participant$6,848
Median for plans this size$2,416
2024$6,848 per active participant
2023$8,431 per active participant
2022$9,776 per active participant

Unilock Chicago, Inc.'s 2024 employer contribution ran above the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$30,072
LAWLEY RETIREMENT ADVISORS · Investment advisory (plan)$19,361
ACTUARIAL BENEFITS CORP. · Other servicesindirect comp

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$57,019 · 0.15%
2023$44,839 · 0.14%
2022$50,065 · 0.16%
Similar plansManufacturing · Illinois
Advancion Corporation IL$39.4M · 0.03%
Prairie Farms Dairy, Inc. IL$39.0M · 0.29%
Synergy Flavors Inc IL$38.5M · 0.25%
Handi-Foil Corporation IL$38.2M · 0.05%
Colson Group Holdings, LLC IL$37.7M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363480878 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.