Plan Snapshot
- Plan Sponsor: Zep INC.
- Sponsor EIN: 260783366
- Sponsor Address: 600 GALLERIA PARKWAY SUITE 1500, ATLANTA, GA, 30339
- Plan Type: 401(k)
- Plan Number: 007
- Total Participants: 1,580
- Total Assets: $169.7M
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. |
|---|---|---|---|---|
| 2025 | 1,580 | $169.7M | $0 | $0 |
| 2024 | 1,067 | $160.0M | $2.1M | $6.4M |
| 2023 | 1,102 | $154.0M | $2.0M | $6.3M |
| 2022 | 1,202 | $147.9M | $2.0M | $6.5M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Other Service Provider | $123,264 | — | $123,264 |
| NFP RETIREMENT INC | Other Service Provider | $45,000 | — | $45,000 |
| ZANETTI FINANCIAL LLC | Other Service Provider | $8,978 | — | $8,978 |
| HIGHTOWER ADVISORS LLC | Other Service Provider | $8,425 | — | $8,425 |
| SMITH ANGLIN FINANCIAL LLC | Other Service Provider | $7,810 | — | $7,810 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $193,477
- Estimated Expense Ratio: 0.114% 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 |
|---|---|---|---|---|---|
| 2025 | $21,576,163 | $93,623 | — | — | — |
| 2024 | $196,976 | $89,783 | — | — | — |
| 2023 | $228,776 | $108,407 | — | — | — |
| 2022 | $250,417 | $110,225 | — | — | — |