Plan Snapshot
- Plan Sponsor: Mitsubishi Chemical America, INC
- Sponsor EIN: 522196843
- Sponsor Address: 9115 HARRIS CORNERS PKWY, CHARLOTTE, NC, 28269
- Plan Type: 401(k)
- Total Participants: 3,393
- Total Assets: $670.0M
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 | 3,393 | $670.0M | $16.3M | $27.7M |
| 2023 | 3,912 | $648.3M | $19.7M | $26.1M |
| 2022 | 3,318 | $595.1M | $20.6M | $26.3M |
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 O | RECORDKEEPER | $363,489 | — | $363,489 |
| SAGEVIEW ADVISORY GROUP LLC | OTHER | $98,019 | — | $98,019 |
| PBMARES LLP | AUDITOR | $85,353 | — | $85,353 |
| PBMARES, LLP | Auditor | $85,353 | — | $85,353 |
| LISKOW & LEWIS, APLC | ATTORNEY | $43,573 | — | $43,573 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $675,787
- Estimated Expense Ratio: 0.101% 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 | $591,329 | $895 | — | $85,353 | — |
| 2023 | $577,554 | $23,503 | $382,757 | $33,000 | — |
| 2022 | $495,824 | — | $379,224 | — | $107,186 |