Plan Snapshot
- Plan Sponsor: Albemarle Corporation
- Sponsor EIN: 541692118
- Sponsor Address: 4250 CONGRESS STREET, CHARLOTTE, NC, 28209
- Plan Type: 401(k)
- Plan Number: 012
- Total Participants: 0
- Total Assets: $483.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $483.2M | $0 | $0 |
| 2023 | 0 | $489.2M | $0 | $0 |
| 2022 | 0 | $475.0M | $0 | $0 |
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 |
|---|---|---|---|---|
| PENSION BENEFIT GUARANTY CORP | Other Service Provider | $2,245,922 | — | $2,245,922 |
| MERRILL LYNCH PIERCE FENNER SMITH I | Other Service Provider | $458,235 | — | $458,235 |
| MILLIMAN USA | Recordkeeper | $155,895 | — | $155,895 |
| KELLEY, DRYE, & WARREN PTN. | Other Service Provider | $20,984 | — | $20,984 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN USA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,881,036
- Estimated Expense Ratio: 0.596% of plan assets
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 | $4,059,926 | $3,439,234 | — | — | — |
| 2023 | $4,473,662 | $3,770,097 | — | — | — |
| 2022 | $4,329,207 | $969,383 | — | — | $322,585 |