Plan Snapshot
- Plan Sponsor: Avient Corporation
- Sponsor EIN: 341730488
- Sponsor Address: 33587 WALKER ROAD, AVON LAKE, OH, 44012
- Plan Type: 401(k)
- Plan Number: 010
- Total Participants: 4,362
- Total Assets: $731.1M
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. |
|---|---|---|---|---|
| 2025 | 4,362 | $731.1M | $0 | $0 |
| 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 | $248,387 | — | $248,387 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $228,490 | — | $228,490 |
| MERCER INVESTMENT CONSULTING LLC | Investment Advisor | $84,681 | — | $84,681 |
| BOBER MARKEY FEDOROVICH & COMPANY | Auditor | $39,500 | — | $39,500 |
| THE BERWYN GROUP, INC. | Other Service Provider | $19,170 | — | $19,170 |
| JONES DAY | ERISA Attorney | $12,008 | — | $12,008 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $632,236
- Estimated Expense Ratio: 0.086% 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 |
|---|---|---|---|---|---|
| 2025 | $88,077,414 | $232,706 | $600 | $39,500 | — |
| 2024 | $603,965 | $207,761 | $300 | $44,928 | — |
| 2023 | $586,933 | $173,200 | $2,400 | $66,800 | — |
| 2022 | $638,299 | $638,299 | — | — | — |