Eastman Chemical Company 401(k) Review & Grade
Eastman Investment & Employee Stock Ownership Plan
Kingsport, TNManufacturing10,394 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,770Employer $ per active participant
$12,050Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$3.5BNet plan assets, end of year
$238,006Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 92th |
| Employee saving | 71th |
| Peers that auto-enroll | 69% |
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Eastman Chemical put in about $7,770 per active participant, more than the typical peer ($5,480). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $80,762,338 |
| Participant (employee) contributions | $125,244,502 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $634,966 |
| Contract administrator fees | $417,581 |
| Investment advisory & management fees | $187,688 |
| Benefits paid out | $460,712,412 |
| Net assets, start / end of year | $3.4B / $3.5B |
| Active participants, start / end of year | 10,535 / 10,253 |
| Participants with account balances | 14,882 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
| Employer stock held by plan | $265,688,326 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $429,761 reported compensation |
| Mercer Investments LLC | $112,688 reported compensation |
| Mercer Investments LLC | $37,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014222851NAL0007526322001, received 2025-10-14, EIN 62-1539359, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Get notified when Eastman Chemical's next filing posts
The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.