Braskem America, Inc. 401(k) Review & Grade
Braskem Retirement Savings Plan
Philadelphia, PAManufacturing784 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,424Employer $ per active participant
$14,285Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$230.0MNet plan assets, end of year
$256,106Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 58th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,887 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Braskem America put in about $10,424 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $8,167,250 |
| Participant (employee) contributions | $11,191,949 |
| Other contributions (incl. rollovers in) | $1,109,680 |
| Administrative expenses paid from the plan | $387,275 |
| Contract administrator fees | $177,765 |
| Investment advisory & management fees | $206,260 |
| Other admin expenses | $3,250 |
| Benefits paid out | $20,096,463 |
| Net assets, start / end of year | $201.3M / $230.0M |
| Active participants, start / end of year | 785 / 782 |
| Participants with account balances | 898 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran PLLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $183,952 reported compensation |
| Voya Retirement Advisors, LLC | $147,622 reported compensation |
| Morningstar | $32,076 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923120515NAL0002541811001, received 2025-09-23, EIN 25-1534498, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.