Plan Snapshot
- Plan Sponsor: Element Materials Technology Holding Usa INC.
- Sponsor EIN: 262658878
- Sponsor Address: 15062 BOLSA CHICA, HUNTINGTON BEACH, CA, 92649
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,289
- Total Assets: $341.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 3,289 | $341.3M | $8.0M | $20.9M |
| 2023 | 2,686 | $261.4M | $6.5M | $15.9M |
| 2022 | 2,349 | $218.5M | $4.4M | $13.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $314,010 | — | $314,010 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $262,852 | — | $262,852 |
| THE BALDWIN GROUP WEALTH ADVISORS L | Investment Advisor | $74,976 | — | $74,976 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $651,838
- Estimated Expense Ratio: 0.191% 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 | $652,138 | $337,828 | — | — | — |
| 2023 | $307,236 | $200,137 | — | — | — |
| 2022 | $207,845 | $207,545 | — | — | — |