Ecolab 401(k) match, vesting and fees
What Ecolab's 401(k) plan says about matching contributions
Participant contributions of up to 4% of eligible compensation are matched 100% by the Company and participant contributions over 4% and up to 8% of eligible compensation are matched 50% by the Company. The Plan also allows additional employer matching contributions to true-up the employer match. This true-up ensures all participants receive their full annualized employer match. The levels of matching contributions made by or on behalf of participants who are highly compensated, as defined in the Code, are subject to limitations under the code.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 27 ↗ |
| Match vesting | Participants are fully vested in their account at all times. | Audit report, p. 27 ↗ |
| Roth contributions | Participant savings contributions are either pre-tax contributions made by the Company on behalf of participants who have agreed to have their taxable compensation reduced or Roth savings contributions made by the Company on behalf of participants who have agreed to have their after-tax compensation reduced. | Audit report, p. 27 ↗ |
| Loans | Active participants (and beneficiaries who are parties in interest as defined by ERISA) are permitted to borrow from their accounts. | Audit report, p. 28 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Olsen Thielen & Co., Ltd (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Ecolab: employer contribution per participant | $4,384 | |
| Peer median | $3,733 |
| Ecolab: average balance | $199,986 | |
| Peer median | $157,962 |
| Ecolab: admin expenses ÷ assets | 0.03% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $3.8B at the end of plan year 2023 to $4.2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 25,397 | $4.2B | $91.6M | $4,384 | 0.03% | Quoted in the audit report, p. 27 ↗ | Form 5500 ↗ |
| 2023 | 25,415 | $3.8B | $83.4M | $3,955 | 0.03% | Not published | Form 5500 ↗ |
Other Ecolab plans (2)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Ecolab Puerto Rico Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Olsen Thielen & Co. , Ltd. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Ecolab Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Olsen Thielen & Co., Ltd (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Ecolab match 401(k) contributions?
The audit report attached to the Ecolab Savings Plan and ESOP's plan year 2024 Form 5500, page 27 says: “Participant contributions of up to 4% of eligible compensation are matched 100% by the Company and participant contributions over 4% and up to 8% of eligible compensation are matched 50% by the Company. The Plan also allows additional employer matching contributions to true-up the employer match. This true-up ensures all participants receive their full annualized employer match. The levels of matching contributions made by or on behalf of participants who are highly compensated, as defined in the Code, are subject to limitations under the code.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ecolab 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 27 says: “Participants are fully vested in their account at all times.”
Who manages the Ecolab 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Ecolab Inc..
I left Ecolab. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ecolab Inc., (800) 232-6522) or the recordkeeper, Fidelity Investments Institutional. The Ecolab old 401(k) page lists the contacts from every plan filing. Find an old Ecolab 401(k)
Data from the public Form 5500 annual reports Ecolab filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ecolab. Not financial advice. Report a correction · Methodology