Retirement plan

HEXION INC. RETIREMENT SAVINGS PLAN

Name: HEXION INC. - HEXION INC. RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: HEXION INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEXION INC. RETIREMENT SAVINGS PLAN, HEXION INC.

HEXION INC.EIN 13-0511250Plan #005PY 2024

180 E. BROAD STREET - COLUMBUS, OH 43215614-225-2041hexion.comLinkedIn1001-5000 employeeschemicals

Other plans on this EIN

1 filing

#002Retirement-$124.4M assets

Prospect flagsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed November 14, 2011 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$317M

-0.1% from 2023

Total participants

1,435

+12.5% from 2023

Average account balance

$256,238

+1.0% from 2023

Annual return

12.72%

-3.06 pp from 2023

Benchmarks

See 2,389 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,389 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$316.97M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$256K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,237

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

77.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$251

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC7 years Filed as: WILLIS TOWERS WATSON Service code 27 · EIN 52-1868818	Advisory (Plan)	$151,816
STRATEGIC ADVISORS, INC.7 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$43,258
WILLIS TOWERS WATSON US LLC1 year Service code 27 · EIN 53-0181291	Advisory (Plan)	$40,000
MEADEN & MOORE, LTD.3 years Filed as: MEADEN & MOORE LTD Service code 10 · EIN 34-1818258	Accounting	$33,000
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$23,862
SEYFARTH SHAW LLP7 years Filed as: SEYFARTH SHAW Service code 29 · EIN 36-2152202	Legal	$10,593
STEPHANIE DICKERSON1 year Service code 16 · EIN 36-3720056	Consulting	$8,469

Plan features & details

Pension benefit codes2F2G2J2K2S2T2E2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$310K

$348 / participant

Recordkeeping$22K7.2%
Investment mgmt$235K75.8%
Legal$11K3.4%
Contract admin$6000.2%
Other / not subdivided$41K13.4%

% of EOY assets

0.098%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: $33,000
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$256,238

$88,890+188.3%

$102,423+150.2%

$77,643+230.0%

Participation rate

77.8%

80.9%-3.2pp

76.5%+1.3pp

70.6%+7.2pp

Annual return

12.72%

24.98%-12.3pp

29.32%-16.6pp

31.24%-18.5pp

Employer contribution / active EE

$9,287

$2,698+244.3%

$3,023+207.2%

$2,726+240.7%

Participant deferral / active EE

$8,469

$5,145+64.6%

$5,053+67.6%

$4,647+82.2%

Admin fee / account holder

$251

$235+6.5%

$9,451-97.3%

$430-41.8%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC7 years

Filed as: WILLIS TOWERS WATSON

Service code 27 · EIN 52-1868818

Advisory (Plan)

$151,816

STRATEGIC ADVISORS, INC.7 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$43,258

WILLIS TOWERS WATSON US LLC1 year

Service code 27 · EIN 53-0181291

Advisory (Plan)

$40,000

MEADEN & MOORE, LTD.3 years

Filed as: MEADEN & MOORE LTD

Service code 10 · EIN 34-1818258

Accounting

$33,000

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$23,862

SEYFARTH SHAW LLP7 years

Filed as: SEYFARTH SHAW

Service code 29 · EIN 36-2152202

Legal

$10,593

STEPHANIE DICKERSON1 year

Service code 16 · EIN 36-3720056

Consulting

$8,469

HEXION INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEXION INC. RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion