Employers › Eaton › plan 055
Recordkeeping fees per participant · Eaton Savings Plan · plan year 2024
$13.36
Higher than 17% of the 790 plans over $1B that report it.
= $491,542 / 36,794
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014081726NAL0003409184002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081726NAL0003409184002, received 2025-10-14
Percentiles compare this plan with the Schedule H plans over $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 2025-10-14.
Administrative expenses excluding investment management, per participant
$15.92
Higher than 14% of the 1,045 plans over $1B that report it.
= $585,578 / 36,794
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014081726NAL0003409184002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081726NAL0003409184002, received 2025-10-14
Administrative expenses per participant
$19.88
Higher than 8% of the 1,076 plans over $1B that report it.
= $731,609 / 36,794
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014081726NAL0003409184002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081726NAL0003409184002, received 2025-10-14
Administrative expenses as a share of assets
0.009%
Higher than 7% of the 1,076 plans over $1B that report it.
= $731,609 / $8,394,581,291
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014081726NAL0003409184002, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014081726NAL0003409184002, received 2025-10-14
Employer contributions per participant
$4,713
Higher than 65% of the 1,135 plans over $1B that report it.
= $173,400,066 / 36,794
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014081726NAL0003409184002, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081726NAL0003409184002, received 2025-10-14
Employer share of total contributions
39.5%
Higher than 73% of the 1,135 plans over $1B that report it.
= $173,400,066 / $439,374,955
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014081726NAL0003409184002, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014081726NAL0003409184002, received 2025-10-14
99.0% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $1,530,770 ($61.49 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014081726NAL0003409184002, received 2025-10-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | EATON CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Plan name | EATON SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Sponsor EIN / plan number | 34-0196300 / 055 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Sponsor location | CLEVELAND, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Industry (business code) | 336300, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Participants, beginning of year | 36,515 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Active participants | 25,714 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Participants, end of year | 37,536 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Participants with an account balance | 36,794 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Total assets, beginning of year | $7,323,966,718 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Total assets, end of year | $8,394,581,291 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Net assets, end of year | $8,394,581,291 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Total income | $1,985,880,771 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Net income | $1,068,657,842 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Employer contributions | $173,400,066 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Participant contributions | $222,237,692 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Other contributions (incl. rollovers) | $43,737,197 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Total contributions | $439,374,955 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Benefit payments | $915,835,345 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $917,222,929 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Total administrative expenses | $731,609 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Recordkeeping fees | $491,542 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| IQPA audit fees | $21,700 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Investment advisory and management fees | $146,031 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Administrative expenses excluding investment management | $585,578 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Held in master trusts | $8,313,440,378 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251014081726NAL0003409184002, received 2025-10-14 |
| Independent auditor | MEADEN & MOORE LTD | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014081726NAL0003409184002, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014081726NAL0003409184002, received 2025-10-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INST OP COrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 16 Consulting (general); 50 Direct payment from the plan | $491,542 | yes |
| NEPC LLC | CONSULTANT | 16 Consulting (general); 50 Direct payment from the plan | $146,031 | no |
| EATON CORPORATIONrecordkeeper | PLAN SPONSOR | 35 Employee (plan sponsor); 50 Direct payment from the plan; 15 Recordkeeping and information management | $72,336 | no |
| MEADEN & MOORE, LTD. | AUDITOR | 10 Accounting (including auditing); 50 Direct payment from the plan | $21,700 | no |
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 20251014081726NAL0003409184002, received 2025-10-14.
EATON SAVINGS TRUST (EIN 475346861, PN 001): plan interest $8,313,440,378, 97.4% of the trust. The trust's own filing (20251014082229NAL0001120627001, received 2025-10-14) reports net assets $8,533,008,534, administrative expenses $1,571,199, recordkeeping fees $582,763, investment management fees $849,400 and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $7,323,966,718 | $8,394,581,291 | 14.6% |
| Participants with a balance | 35,826 | 36,794 | 2.7% |
| Administrative expenses | $879,644 | $731,609 | -16.8% |
| Recordkeeping fees per participant | $16.05 | $13.36 | -16.8% |
| Employer contributions | $160,075,953 | $173,400,066 | 8.3% |
Prior filing 20241009163809NAL0010848531001, received 2024-10-09; the plan years are contiguous.