Retirement plan

EVONIK CORPORATION 401(K) SAVINGS PLAN

Name: EVONIK CORPORATION - EVONIK CORPORATION 401(K) SAVINGS PLAN (2016) 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 2016

299 JEFFERSON ROAD - PARSIPPANY, NJ 07054973-929-8000LinkedIn501-1000 employeeschemicals

Other plans on this EIN

2 filings

#001Retirement-$540.0M assets #019Retirement--

Prospect flagsLow returnsCorrective 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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Total assets (EOY)

$764.5M

-6.9% from 2016

Total participants

5,078

+3.1% from 2016

Average account balance

$151,426

-4.8% from 2016

Annual return

6.05%

-4.81 pp from 2016

Benchmarks

See 373 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort373 peers

Snapshot2016

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

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 8 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC2+ years Filed as: TOWERS WATSON DELAWARE, INC. Service code 16 · EIN 53-0181291	Consulting	$586,318
MCDERMOTT WILL & EMERY LLP2+ years Filed as: MCDERMOTT, WILL & EMERY LLP Service code 29 · EIN 36-1453176	Legal	$360,788
FIDUCIARY INVESTMENT ADVISORS2+ years Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC Service code 27 · EIN 20-4751585	Advisory (Plan)	$84,205
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Service code 37 · EIN 06-1050034	Loan Processing	$47,899
SOBEL AND CO LLC CPA2+ years Filed as: SOBEL & CO. LLC Service code 10 · EIN 22-1430039	Accounting	$38,539
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE Service code 33 · EIN 13-4122960	Distribution (12b-1) fees; Securities...	$13,450
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$6,851
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$298 / participant

Investment mgmt$84K7.3%
Other / not subdivided$1M92.7%

% of EOY assets

0.151%

all-in expense ratio

Categories reported

1 / 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: SOBEL & CO LLC
Auditor EIN: 221430039
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,426

$82,279+84.0%

$78,002+94.1%

$63,975+136.7%

Participation rate

99.3%

84.7%+14.6pp

75.5%+23.7pp

71.1%+28.1pp

Annual return

6.05%

11.20%-5.2pp

425.99%-419.9pp

48.65%-42.6pp

Employer contribution / active EE

$8,099

$3,297+145.7%

$2,470+227.9%

$2,182+271.2%

Participant deferral / active EE

$8,905

$4,538+96.2%

$3,497+154.6%

$3,356+165.3%

Admin fee / account holder

$229

$81+181.0%

$5,481-95.8%

$70+224.7%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2+ years

Filed as: TOWERS WATSON DELAWARE, INC.

Service code 16 · EIN 53-0181291

Consulting

$586,318

MCDERMOTT WILL & EMERY LLP2+ years

Filed as: MCDERMOTT, WILL & EMERY LLP

Service code 29 · EIN 36-1453176

Legal

$360,788

FIDUCIARY INVESTMENT ADVISORS2+ years

Filed as: FIDUCIARY INVESTMENT ADVISORS, LLC

Service code 27 · EIN 20-4751585

Advisory (Plan)

$84,205

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Service code 37 · EIN 06-1050034

Loan Processing

$47,899

SOBEL AND CO LLC CPA2+ years

Filed as: SOBEL & CO. LLC

Service code 10 · EIN 22-1430039

Accounting

$38,539

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL INVESTMENT MANAGEMENT SE

Service code 33 · EIN 13-4122960

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

$13,450

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$6,851

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

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