Plan Snapshot
- Plan Sponsor: Abb INC.
- Sponsor EIN: 363100018
- Sponsor Address: 305 GREGSON DRIVE, CARY, NC, 27511
- Plan Type: 401(k)
- Total Participants: 14,095
- Total Assets: $3.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 14,095 | $3.3B | $110.6M | $110.3M |
| 2023 | 13,421 | $2.9B | $106.0M | $103.6M |
| 2022 | 13,653 | $2.5B | $90.7M | $99.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GRANT THORNTON LLP | Auditor | $87,550 | — | $87,550 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $87,550
- Estimated Expense Ratio: 0.003% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,174,452 | $232,828 | $825,121 | $87,550 | — |
| 2023 | $1,057,993 | $17,599 | $932,757 | $85,000 | — |
| 2022 | $1,091,704 | — | $1,017,384 | — | $74,320 |