Plan Snapshot
- Plan Sponsor: Hexion INC.
- Sponsor EIN: 130511250
- Sponsor Address: 180 E. BROAD STREET, COLUMBUS, OH, 43215
- Plan Type: 401(k)
- Total Participants: 890
- Total Assets: $317.0M
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 | 890 | $317.0M | $8.3M | $7.5M |
| 2023 | 723 | $317.4M | $7.9M | $8.1M |
| 2022 | 726 | $299.6M | $10.2M | $8.9M |
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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON | INVESTMENT ADVISOR | $151,816 | — | $151,816 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $43,258 | — | $43,258 |
| WILLIS TOWERS WATSON US LLC | INVESTMENT ADVISOR | $40,000 | — | $40,000 |
| MEADEN & MOORE LTD | ACCOUNTANT/AUDITOR | $33,000 | — | $33,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $23,862 | — | $23,862 |
| SEYFARTH SHAW | ATTORNEY/LEGAL | $10,593 | — | $10,593 |
| STEPHANIE DICKERSON | CONSULTANT | $8,469 | — | $8,469 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- WILLIS TOWERS WATSON US LLC — INVESTMENT ADVISOR
- MEADEN & MOORE LTD — ACCOUNTANT/AUDITOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- SEYFARTH SHAW — ATTORNEY/LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $310,998
- Estimated Expense Ratio: 0.098% 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 | $310,093 | $235,074 | $600 | $33,000 | — |
| 2023 | $266,963 | $145,107 | — | $21,000 | — |
| 2022 | $356,166 | $42,517 | — | — | — |