Retirement plan

EVONIK CORPORATION 401(K) SAVINGS PLAN

Name: EVONIK CORPORATION - EVONIK CORPORATION 401(K) SAVINGS PLAN (2024) Form 5500
Creator: EVONIK CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVONIK CORPORATION 401(K) SAVINGS PLAN, EVONIK CORPORATION

EVONIK CORPORATIONEIN 63-0673043Plan #002PY 2024

2 TURNER PLACE - PISCATAWAY, NJ 08854732-981-5000LinkedIn501-1000 employeeschemicals

Other plans on this EIN

1 filing

#001Retirement-$250.1M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed March 15, 2016 (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)

$1488.4M

+5.4% from 2023

Total participants

6,323

-7.8% from 2023

Average account balance

$238,530

+15.2% from 2023

Annual return

13.19%

-4.38 pp from 2023

Benchmarks

See 423 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort423 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.49B

Not enough data

1 years with asset history on file

Average account balance

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

$239K

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.

6,240

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$105.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+13.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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
MCDERMOTT WILL & EMERY LLP6 years Service code 29 PO BOX 6043 · CHICAGO, IL 606806043	Legal	$575,471
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$415,259
WILLIS TOWERS WATSON US LLC6 years Service code 16 ONE PPG PLACE, SUITE 600 · PITTSBURGH, PA 15222	Consulting	$175,187
FIDUCIENT ADVISORS LLC1 year Service code 27 500 W MADISON ST STE 1700 · CHICAGO, IL 60661	Advisory (Plan)	$106,026
CLIFTONLARSONALLEN LLP1 year Service code 10 P.O. BOX 829709 · PHILADELPHIA, PA 19182	Accounting	$64,125
LONGEVITY CAPITAL MANAGEMENT LLC1 year Filed as: LONGEVITY HOLDING INC. DBA THE BERW Service code 49 PO BOX 771512 · CHICAGO, IL 606771512	Other Services	$6,135
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER FINANCIAL SERVICES, INC. Service code 33 8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Distribution (12b-1) fees; Shareholde...	$4,990

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$287 / participant

Recordkeeping$420K31.2%
Investment mgmt$106K7.9%
Legal$575K42.7%
Other trustee fees$6K0.5%
Contract admin$175K13.0%
Other / not subdivided$64K4.8%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

5 / 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: CLIFTONLARSENALLEN, LLP
Auditor EIN: 410746749
Audit fees: $64,125
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$238,530

$112,623+111.8%

$106,213+124.6%

$199,593+19.5%

Participation rate

98.2%

86.2%+12.0pp

75.3%+23.0pp

72.0%+26.3pp

Annual return

13.19%

15.57%-2.4pp

116.14%-102.9pp

34.25%-21.1pp

Employer contribution / active EE

$10,983

$4,575+140.1%

$3,171+246.3%

$3,034+262.0%

Participant deferral / active EE

$11,514

$6,659+72.9%

$5,016+129.6%

$5,087+126.4%

Admin fee / account holder

$216

$107+101.8%

$11,033-98.0%

$269-19.7%

Provider

Service type

Compensation

MCDERMOTT WILL & EMERY LLP6 years

Service code 29

PO BOX 6043 · CHICAGO, IL 606806043

Legal

$575,471

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 13

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$415,259

WILLIS TOWERS WATSON US LLC6 years

Service code 16

ONE PPG PLACE, SUITE 600 · PITTSBURGH, PA 15222

Consulting

$175,187

FIDUCIENT ADVISORS LLC1 year

Service code 27

500 W MADISON ST STE 1700 · CHICAGO, IL 60661

Advisory (Plan)

$106,026

CLIFTONLARSONALLEN LLP1 year

Service code 10

P.O. BOX 829709 · PHILADELPHIA, PA 19182

Accounting

$64,125

LONGEVITY CAPITAL MANAGEMENT LLC1 year

Filed as: LONGEVITY HOLDING INC. DBA THE BERW

Service code 49

PO BOX 771512 · CHICAGO, IL 606771512

Other Services

$6,135

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER FINANCIAL SERVICES, INC.

Service code 33

8515 E ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Distribution (12b-1) fees; Shareholde...

$4,990

EVONIK CORPORATION 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EVONIK CORPORATION 401(K) 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