Retirement plan

MITSUBISHI CHEMICAL AMERICA EMPLOYEES' SAVINGS PLAN

Name: MITSUBISHI CHEMICAL AMERICA, INC. - MITSUBISHI CHEMICAL AMERICA EMPLOYEES' SAVINGS PLAN (2020) Form 5500
Creator: MITSUBISHI CHEMICAL AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITSUBISHI CHEMICAL AMERICA EMPLOYEES' SAVINGS PLAN, MITSUBISHI CHEMICAL AMERICA, INC.

MITSUBISHI CHEMICAL AMERICA, INC.EIN 52-2196843Plan #003PY 2020

655 THIRD AVENUE, 15TH FLOOR - NEW YORK, NY 10017212-672-9415mitsubishi-chemical.comLinkedIn1001-5000 employeeschemicals

Other plans on this EIN

1 filing

#010Retirement-$170.0M assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$626.7M

-19.4% from 2018

Total participants

3,706

-21.5% from 2018

Average account balance

$169,092

+2.6% from 2018

Annual return

16.22%

-7.59 pp from 2018

Benchmarks

See 388 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$670.01M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

4,635

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.

87.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 10 of 15 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE COMPANY OF AME Service code 13 · EIN 22-1211670	Contract Administrator	$234,659
WINSTON & STRAWN LLP1 year Filed as: WINSTON AND STRAWN LLP Service code 29 · EIN 36-1975990	Legal	$102,505
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL RETIREMENT INS & ANN CO. Service code 49 · EIN 06-1050034	Other Services	$76,311
SAGEVIEW ADVISORY GROUP, LLC1 year Service code 16 · EIN 33-0818667	Consulting	$68,500
KIETTEN MCLELLAN1 year Service code 49 · EIN 52-2196843	Other Services	$2,033
BETH MARTIN1 year Filed as: BETH CASEY Service code 56 MITSUBISHI CHEMICAL AMERICA, I · NEW YORK, NY 10017	Non-monetary compensation	$0
DAN GAIPA1 year Filed as: DAN MICHALAK Service code 56 MITSUBISHI CHEMICAL AMERICA, I · NEW YORK, NY 10017	Non-monetary compensation	$0
DANNETTE GRANT1 year Service code 56 MITSUBISHI CHEMICAL AMERICA, I · NEW YORK, NY 10017	Non-monetary compensation	$0
DEBORAH DANNER1 year Filed as: DEBORAH MOORER Service code 56 MITSUBISHI CHEMICAL AMERICA, I · NEW YORK, NY 10017	Non-monetary compensation	$0
DORIS ECHEGUREN1 year Filed as: DORIS FOSTER Service code 56 MITSUBISHI CHEMICAL AMERICA, I · NEW YORK, NY 10017	Non-monetary compensation	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$484K

$176 / participant

Other / not subdivided$484K100.0%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PBMARES, LLP
Auditor EIN: 540737372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$169,092

$105,190+60.7%

$98,920+70.9%

$90,274+87.3%

Participation rate

100.0%

86.4%+13.6pp

76.0%+24.0pp

73.4%+26.6pp

Annual return

16.22%

18.52%-2.3pp

196.47%-180.3pp

53.97%-37.8pp

Employer contribution / active EE

$6,517

$3,831+70.1%

$2,689+142.3%

$2,523+158.2%

Participant deferral / active EE

$7,661

$5,616+36.4%

$4,245+80.5%

$4,231+81.1%

Admin fee / account holder

$131

$97+34.2%

$6,643-98.0%

$114+14.5%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE COMPANY OF AME

Service code 13 · EIN 22-1211670

Contract Administrator

$234,659

WINSTON & STRAWN LLP1 year

Filed as: WINSTON AND STRAWN LLP

Service code 29 · EIN 36-1975990

Legal

$102,505

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL RETIREMENT INS & ANN CO.

Service code 49 · EIN 06-1050034

Other Services

$76,311

SAGEVIEW ADVISORY GROUP, LLC1 year

Service code 16 · EIN 33-0818667

Consulting

$68,500

KIETTEN MCLELLAN1 year

Service code 49 · EIN 52-2196843

Other Services

$2,033

BETH MARTIN1 year

Filed as: BETH CASEY

Service code 56