Plan Ledger DOL Form 5500 · updated monthly

Eastman Chemical Company401(k) + ESOP (KSOP)

EASTMAN INVESTMENT & EMPLOYEE STOCK OWNERSHIP PLAN · KINGSPORT, TN · plan year 2024

Reported admin expense ratio · 2024
0.02%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Eastman Chemical Company reported $634,966 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,877 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.03% to 0.02%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 8th-largest of 1,496 plans among Tennessee employers on file, and the 99th of 13,661 in manufacturing. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,542,003,606
Participants with balances14,882
Active participants10,253
Employer contributions$80,762,338
Employee contributions$125,244,502
Employer contribution per active participant$7,877
Average account balance$238,006
Benefits paid to participants$460,712,412
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.5B · 14,882 accts · $80.8M emplr
2023$3.4B · 15,460 accts · $76.8M emplr
2022$3.1B · 15,693 accts · $81.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$417,581
Investment management$187,688
Total administrative$634,966
The Eastman Chemical Company 401(k) match · 2024
Employer contribution per active participant$7,877
Median for plans this size$5,259
2024$7,877 per active participant
2023$7,293 per active participant
2022$7,484 per active participant

Eastman Chemical Company's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$417,581
MERCER INVESTMENTS LLC · Consulting · Investment advisory (plan)$112,688
MERCER INVESTMENTS LLC · Investment advisory (plan)$37,500
MERCER · Investment advisory (plan)$37,500
MCGUIRE WOODS LLP · Legal$29,697

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$634,966 · 0.02%
2023$798,156 · 0.02%
2022$986,098 · 0.03%
Same employer
Similar plansManufacturing · Tennessee
Ut-Battelle, LLC TN$1.8B · 0.03%
Smith and Nephew, Inc. TN$1.5B · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621539359 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.