Plan Snapshot
- Plan Sponsor: Lanxess Corporation
- Sponsor EIN: 260081950
- Sponsor Address: 111 RIDC PARK WEST DRIVE, PITTSBURGH, PA, 152751112
- Plan Type: 401(k)
- Total Participants: 1,802
- Total Assets: $806.3M
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 | 1,802 | $806.3M | $17.4M | $21.2M |
| 2023 | 2,034 | $764.1M | $18.8M | $21.9M |
| 2022 | 2,319 | $691.1M | $17.7M | $20.0M |
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 |
|---|---|---|---|---|
| SCHNEIDER DOWNS & CO, INC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHNEIDER DOWNS & CO, INC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $415,155 | — | — | — | — |
| 2023 | $367,950 | — | — | — | — |
| 2022 | $345,919 | — | — | — | — |