Plan Snapshot
- Plan Sponsor: Drexel Chemical Company
- Sponsor EIN: 620873303
- Sponsor Address: P.O. BOX 13327, MEMPHIS, TN, 38113
- Plan Type: DC
- Total Participants: 159
- Total Assets: $11.0M
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 | 159 | $11.0M | $754,638 | $0 |
| 2023 | 149 | $10.1M | $755,779 | $0 |
| 2022 | 150 | $10.0M | $781,635 | $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 |
|---|---|---|---|---|
| FIRST HORIZON BANK | Other Service Provider | $40,444 | — | $40,444 |
| ACUFF & ASSOCIATES, INC. | Other Service Provider | $6,512 | — | $6,512 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,956
- Estimated Expense Ratio: 0.427% 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 | $50,956 | — | — | $4,000 | — |
| 2023 | $51,755 | — | — | $9,500 | — |
| 2022 | $42,662 | — | — | — | — |