Thermon 401(k) match, vesting and fees
What Thermon's 401(k) plan says about matching contributions
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.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | Whitley Penn LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Thermon: employer contribution per participant | $2,871 | |
| Peer median | $2,038 |
| Thermon: average balance | $102,547 | |
| Peer median | $72,907 |
| Thermon: admin expenses ÷ assets | 0.20% | |
| Peer median | 0.20% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets were $70.9M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 840 | $70.9M | $2M | $2,871 | 0.20% | Not published | Form 5500 ↗ |
Common questions
Does Thermon match 401(k) contributions?
The match terms for the Thermon Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $2M in employer contributions, about $2,871 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Thermon 401(k) match vested?
The vesting schedule for the Thermon Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Thermon 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Thermon, Inc..
I left Thermon. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Thermon, Inc., (512) 690-0600) or the recordkeeper, Schwab Retirement Plan Services,inc. The Thermon old 401(k) page lists the contacts from every plan filing. Find an old Thermon 401(k)
Data from the public Form 5500 annual reports Thermon filed with the U.S. Department of Labor (plan years 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 Thermon. Not financial advice. Report a correction · Methodology