Plan Snapshot
- Plan Sponsor: Mitsubishi Gas Chemical America, INC.
- Sponsor EIN: 133230137
- Sponsor Address: 655 THIRD AVE 19 FLOOR, NEW YORK, NY, 10017
- Plan Type: 401(k)
- Total Participants: 242
- Total Assets: $13.2M
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 | 242 | $13.2M | $567,547 | $1.2M |
| 2023 | 250 | $11.8M | $514,950 | $1.0M |
| 2022 | 227 | $10.2M | $468,793 | $959,120 |
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 |
|---|---|---|---|---|
| MORGAN STANLEY | Investment Advisor | $44,161 | — | $44,161 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $43,522 | — | $43,522 |
| THE BENEFIT PRACTICE | Recordkeeper | $26,169 | — | $26,169 |
| CDH CPA PLLC | Auditor | $13,784 | — | $13,784 |
| EMPOWER LIFE & ANNUITY INSURANCE | Recordkeeper | $10,559 | — | $10,559 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,195
- Estimated Expense Ratio: 1.048% 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 | $130,320 | — | $130,320 | — | — |
| 2023 | $149,695 | $75,343 | $15,783 | — | — |
| 2022 | $147,495 | — | — | — | $147,495 |