Plan Snapshot
- Plan Sponsor: Lotte Chemical Usa Corporation
- Sponsor EIN: 611735683
- Sponsor Address: 840 GESSNER ROAD, HOUSTON, TX, 77024
- Plan Type: 401(k)
- Total Participants: 354
- Total Assets: $36.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 354 | $36.0M | $3.8M | $3.9M |
| 2023 | 358 | $25.9M | $3.1M | $3.1M |
| 2022 | 306 | $17.5M | $2.8M | $2.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS | RECORDKEEPER | $34,933 | — | $34,933 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $12,743 | — | $12,743 |
| MELTON & MELTON, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- MELTON & MELTON, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,676
- Estimated Expense Ratio: 0.132% 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 | $47,676 | $12,743 | $300 | — | — |
| 2023 | $41,530 | $10,900 | — | — | — |
| 2022 | $41,785 | $6,606 | — | — | — |