Plan Snapshot
- Plan Sponsor: Evonik Corporation
- Sponsor EIN: 630673043
- Sponsor Address: 2 TURNER PLACE, PISCATAWAY, NJ, 08854
- Plan Type: 401(k)
- Total Participants: 4,694
- Total Assets: $1.5B
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 | 4,694 | $1.5B | $51.6M | $54.0M |
| 2023 | 4,716 | $1.4B | $51.9M | $50.5M |
| 2022 | 4,883 | $1.2B | $51.7M | $50.3M |
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 |
|---|---|---|---|---|
| MCDERMOTT WILL & EMERY LLP | ATTORNEY | $575,471 | — | $575,471 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $415,259 | — | $415,259 |
| WILLIS TOWERS WATSON US LLC | OTHER | $175,187 | — | $175,187 |
| FIDUCIENT ADVISORS LLC | INVESTMENT ADVISOR | $106,026 | — | $106,026 |
| CLIFTONLARSENALLEN, LLP | Auditor | $64,125 | — | $64,125 |
| CLIFTONLARSONALLEN LLP | AUDITOR | $64,125 | — | $64,125 |
| LONGEVITY HOLDING INC. DBA THE BERW | OTHER | $6,135 | — | $6,135 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSENALLEN, LLP — Auditor
- CLIFTONLARSONALLEN LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,406,328
- Estimated Expense Ratio: 0.094% 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 | $1,347,193 | $106,026 | $175,187 | $64,125 | — |
| 2023 | $1,349,348 | $81,859 | $441,369 | $49,350 | — |
| 2022 | $1,264,852 | $79,495 | $398,184 | — | $775,962 |