Plan Snapshot
- Plan Sponsor: Polychem LLC
- Sponsor EIN: 341570807
- Sponsor Address: 6277 HEISLEY ROAD, MENTOR, OH, 44060
- Plan Type: 401(k)
- Total Participants: 520
- Total Assets: $26.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 520 | $26.2M | $924,976 | $1.4M |
| 2023 | 653 | $22.6M | $788,450 | $1.4M |
| 2022 | 714 | $25.6M | $602,682 | $1.7M |
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 |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $100,066 | — | $100,066 |
| ALLIANT INSURANCE SERVICES, INC. | SERVICE PROVIDER | — | $40,000 | $40,000 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,066
- Estimated Expense Ratio: 0.535% 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 | $100,066 | $656 | $97,060 | — | — |
| 2023 | $91,023 | $713 | $88,310 | — | — |
| 2022 | $84,805 | — | — | — | — |