401k Record

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Graco 401(k)

Recordkeeping fees per participant · Graco Employee Investment Plan · plan year 2024

$62.82

Higher than 68% of the 1,697 plans $250M to 1B that report it.

Source

= $214,026 / 3,407
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917132016NAL0000665250001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917132016NAL0000665250001, received 2025-09-17

10th: $11.56median $49.9890th: $89.63

Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-17.

Cost and contributions

Administrative expenses excluding investment management, per participant

$86.04

10th: $18.52median $67.2190th: $147.71

Higher than 67% of the 2,324 plans $250M to 1B that report it.

Source

= $293,124 / 3,407
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917132016NAL0000665250001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917132016NAL0000665250001, received 2025-09-17

Administrative expenses per participant

$161.17

10th: $27.95median $88.2590th: $203.68

Higher than 84% of the 2,405 plans $250M to 1B that report it.

Source

= $549,096 / 3,407
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917132016NAL0000665250001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917132016NAL0000665250001, received 2025-09-17

Administrative expenses as a share of assets

0.089%

10th: 0.018%median 0.073%90th: 0.183%

Higher than 60% of the 2,407 plans $250M to 1B that report it.

Source

= $549,096 / $619,114,813
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917132016NAL0000665250001, received 2025-09-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917132016NAL0000665250001, received 2025-09-17

Employer contributions per participant

$3,430

10th: $1,169median $3,07390th: $8,346

Higher than 56% of the 2,457 plans $250M to 1B that report it.

Source

= $11,687,299 / 3,407
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917132016NAL0000665250001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917132016NAL0000665250001, received 2025-09-17

Employer share of total contributions

30.7%

10th: 17.5%median 31.1%90th: 48.7%

Higher than 48% of the 2,459 plans $250M to 1B that report it.

Source

= $11,687,299 / $38,048,974
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917132016NAL0000665250001, received 2025-09-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917132016NAL0000665250001, received 2025-09-17

Plan terms, as stated in Graco Inc.'s SEC filings

Plan terms are described in Graco Inc.'s SEC filings: Form 10-K filed 2026-02-17. No term could be quoted from them with the required precision.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 2O ESOP-related feature · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250917132016NAL0000665250001, received 2025-09-17

Full record, Graco Employee Investment Plan

FieldValueSource
Plan sponsorGRACO INCForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250917132016NAL0000665250001, received 2025-09-17
Plan nameGRACO EMPLOYEE INVESTMENT PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20250917132016NAL0000665250001, received 2025-09-17
Sponsor EIN / plan number41-0285640 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250917132016NAL0000665250001, received 2025-09-17
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250917132016NAL0000665250001, received 2025-09-17
Sponsor locationMINNEAPOLIS, MNForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250917132016NAL0000665250001, received 2025-09-17
Industry (business code)333200, ManufacturingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20250917132016NAL0000665250001, received 2025-09-17
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250917132016NAL0000665250001, received 2025-09-17
Filing received2025-09-17Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250917132016NAL0000665250001, received 2025-09-17
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250917132016NAL0000665250001, received 2025-09-17
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20250917132016NAL0000665250001, received 2025-09-17
Participants, beginning of year3,426Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250917132016NAL0000665250001, received 2025-09-17
Active participants2,504Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250917132016NAL0000665250001, received 2025-09-17
Participants, end of year3,407Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250917132016NAL0000665250001, received 2025-09-17
Participants with an account balance3,407Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917132016NAL0000665250001, received 2025-09-17
Total assets, beginning of year$571,613,175Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250917132016NAL0000665250001, received 2025-09-17
Total assets, end of year$619,114,813Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917132016NAL0000665250001, received 2025-09-17
Net assets, end of year$619,114,813Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250917132016NAL0000665250001, received 2025-09-17
Total income$109,284,179Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250917132016NAL0000665250001, received 2025-09-17
Net income$47,501,638Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250917132016NAL0000665250001, received 2025-09-17
Employer contributions$11,687,299Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917132016NAL0000665250001, received 2025-09-17
Participant contributions$23,342,163Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250917132016NAL0000665250001, received 2025-09-17
Other contributions (incl. rollovers)$3,019,512Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250917132016NAL0000665250001, received 2025-09-17
Total contributions$38,048,974Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917132016NAL0000665250001, received 2025-09-17
Benefit payments$61,192,330Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250917132016NAL0000665250001, received 2025-09-17
Total expenses (incl. benefit payments)$61,782,541Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250917132016NAL0000665250001, received 2025-09-17
Total administrative expenses$549,096Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917132016NAL0000665250001, received 2025-09-17
Contract administrator fees$0Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250917132016NAL0000665250001, received 2025-09-17
Recordkeeping fees$214,026Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917132016NAL0000665250001, received 2025-09-17
IQPA audit fees$77,898Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250917132016NAL0000665250001, received 2025-09-17
Investment advisory and management fees$255,972Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250917132016NAL0000665250001, received 2025-09-17
Administrative expenses excluding investment management$293,124derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917132016NAL0000665250001, received 2025-09-17
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250917132016NAL0000665250001, received 2025-09-17
Held in common/collective trusts$416,732,826Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250917132016NAL0000665250001, received 2025-09-17
Held in mutual funds$52,277,698Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250917132016NAL0000665250001, received 2025-09-17
Independent auditorCLIFTONLARSONALLEN LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250917132016NAL0000665250001, received 2025-09-17

Position = column in the DOL layout for form year 2024. Filing 20250917132016NAL0000665250001, received 2025-09-17.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ADVISORY GROUP, LLCNONE 28 Investment management; 26 Investment advisory (participants); 50 Direct payment from the plan $255,972no
EMPOWER ANNUITY INSURANCE COMPANYrecordkeeperNONE 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees $215,149yes
MERCER (US) INCNONE 10 Accounting (including auditing); 27 Investment advisory (plan) $66,800no
CLIFTONLARSONALLEN LLPNONE 10 Accounting (including auditing) $9,975no
EMPOWER FINANCIAL SERVICES, INC.NONE 72 Other investment fees and expenses; 59 Shareholder servicing fees; 33 Securities brokerage; 63 Distribution (12b-1) fees $432no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250917132016NAL0000665250001, received 2025-09-17.

What changed since the 2023 plan year

Figure20232024Change
Total assets$571,613,175$619,114,8138.3%
Participants with a balance3,4143,407-0.2%
Administrative expenses$459,688$549,09619.4%
Recordkeeping fees per participant$62.33$62.820.8%
Employer contributions$11,361,813$11,687,2992.9%

Prior filing 20240913080311NAL0004957715001, received 2024-09-13; the plan years are contiguous.

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Sponsor name as filed: GRACO INC; SEC registrant: GRACO INC (CIK 42888, matched by EIN; display name from the Form 10-K cover).