Plan Snapshot
- Plan Sponsor: Albemarle Corporation
- Sponsor EIN: 541692118
- Sponsor Address: 4250 CONGRESS STREET, CHARLOTTE, NC, 28209
- Plan Type: 401(k)
- Total Participants: 2,139
- Total Assets: $960.9M
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. |
|---|---|---|---|---|
| 2024 | 2,139 | $960.9M | $38.3M | $44.7M |
| 2023 | 2,532 | $898.3M | $40.8M | $36.5M |
| 2022 | 2,058 | $853.1M | $27.5M | $25.2M |
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 |
|---|---|---|---|---|
| PRICEWATERHOUSECOOPERS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEWATERHOUSECOOPERS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2024 | $426,794 | $118,314 | — | — | — |
| 2023 | $475,427 | $143,039 | — | — | — |
| 2022 | $532,090 | — | — | — | — |