Plan Ledger DOL Form 5500 · updated monthly

Mitsubishi Chemical America, Inc401(k)

MITSUBISHI CHEMICAL AMERICA EMPLOYEES' SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Mitsubishi Chemical America, Inc reported $591,329 in plan administrative expenses for 2024: 0.09% of average plan assets, above the peer median. Employer contributions averaged $4,796 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 rose from 0.08% to 0.09%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 54th-largest of 2,005 plans among North Carolina employers on file, and the 457th of 13,661 in manufacturing. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$670,005,489
Participants with balances4,635
Active participants3,393
Employer contributions$16,271,946
Employee contributions$27,687,965
Employer contribution per active participant$4,796
Average account balance$144,554
Benefits paid to participants$82,825,313
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$670.0M · 4,635 accts · $16.3M emplr
2023$648.3M · 5,266 accts · $19.7M emplr
2022$595.1M · 5,269 accts · $20.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$363,489
Investment management$895
Audit (IQPA)$85,353
Total administrative$591,329
The Mitsubishi Chemical America, Inc 401(k) match · 2024
Employer contribution per active participant$4,796
Median for plans this size$4,294
2024$4,796 per active participant
2023$5,031 per active participant
2022$6,194 per active participant

Mitsubishi Chemical America, Inc's 2024 employer contribution ran above the $4,294 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
SAGEVIEW ADVISORY GROUP LLC$98,019
PBMARES LLP · Accounting / audit$85,353
LISKOW & LEWIS, APLC · Legal$43,573
SAGEVIEW ADVISORY GROUP, LLC · Investment management$895

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$591,329 · 0.09%
2023$577,554 · 0.09%
2022$495,824 · 0.08%
Same employer
Similar plansManufacturing · North Carolina
Biomerieux, Inc. NC$1.1B · 0.08%
Albemarle Corporation NC$956.9M · 0.05%
Sandvik, Inc. NC$693.0M · 0.03%
Jeld-Wen Holding, Inc. NC$517.6M · 0.18%
Wolfspeed, Inc. NC$504.9M · 0.14%
Andritz Inc. NC$478.6M · 0.29%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 522196843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.