# Panduit Corp. 401(k) Plan
Source: https://planprovider.pro/companies/panduit-corp-401k-plan

> Panduit Corp.&#39;s 401(k) plan: 1,550 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Panduit Corp.

- **Sponsor EIN:** 362601300

- **Sponsor Address:** 18900 PANDUIT DRIVE, TINLEY PARK, IL, 60487

- **Plan Type:** 401(k)

- **Total Participants:** 1,550

- **Total Assets:** $692.2M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **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|1,550|$692.2M|$18.0M|$17.5M|

| 2023|1,472|$638.6M|$16.5M|$17.2M|

| 2022|1,515|$575.6M|$15.0M|$17.0M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$43,003|—|$43,003|

| GRANT THORTON|ACCOUNTANT/AUDITOR|$21,735|—|$21,735|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [GRANT THORTON](https://planprovider.pro/provider/grant-thornton-llp) — ACCOUNTANT/AUDITOR

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $64,738

- **Estimated Expense Ratio:** 0.009% 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|$64,718|—|$1,200|$21,735|—|

| 2023|$63,210|—|$3,600|—|—|

| 2022|$33,864|—|—|—|—|

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