Plan Snapshot
- Plan Sponsor: Avient Corporation
- Sponsor EIN: 341730488
- Sponsor Address: 33587 WALKER ROAD, AVON LAKE, OH, 44012
- Plan Type: 401(k)
- Total Participants: 3,116
- Total Assets: $678.2M
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 | 3,116 | $678.2M | $11.8M | $25.8M |
| 2023 | 3,105 | $628.4M | $11.9M | $24.6M |
| 2022 | 3,245 | $574.3M | $12.7M | $25.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $244,892 | — | $244,892 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $204,271 | — | $204,271 |
| MERCER INVESTMENT CONSULTING LLC | INVESTMENT ADVISOR | $102,465 | — | $102,465 |
| BOBER MARKEY FEDOROVICH & COMPANY | ACCOUNTANT/AUDITOR | $39,000 | — | $39,000 |
| PLANTE & MORAN, PLLC | ACCOUNTANT/AUDITOR | $5,928 | — | $5,928 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- BOBER MARKEY FEDOROVICH & COMPANY — ACCOUNTANT/AUDITOR
- PLANTE & MORAN, PLLC — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $596,556
- Estimated Expense Ratio: 0.088% 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 | $603,965 | $207,761 | $300 | $44,928 | — |
| 2023 | $586,933 | $173,200 | $2,400 | $66,800 | — |
| 2022 | $638,299 | $638,299 | — | — | — |