Plan Snapshot
- Plan Sponsor: Braskem America, INC.
- Sponsor EIN: 251534498
- Sponsor Address: 1735 MARKET STREET, PHILADELPHIA, PA, 19103
- Plan Type: 401(k)
- Total Participants: 782
- Total Assets: $230.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 782 | $230.0M | $8.2M | $11.2M |
| 2023 | 785 | $201.3M | $8.0M | $10.9M |
| 2022 | 776 | $166.5M | $7.0M | $9.3M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | RECORD KEEPER | $183,310 | $642 | $183,952 |
| VOYA RETIREMENT ADVISORS, LLC | SERVICE PROVIDER | $147,622 | — | $147,622 |
| MORNINGSTAR | SERVICE PROVIDER | — | $32,076 | $32,076 |
| PLANTE MORAN PLLC | SERVICE PROVIDER | $31,000 | — | $31,000 |
| RETIREMENT RX | SERVICE PROVIDER | $25,343 | — | $25,343 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORNINGSTAR — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $419,993
- Estimated Expense Ratio: 0.183% 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 | $387,275 | $206,260 | $177,765 | — | — |
| 2023 | $301,463 | $126,968 | $171,395 | — | — |
| 2022 | $81,669 | — | — | — | — |