Hexion Inc. 401(k) Review & Grade
Hexion Inc. Retirement Savings Plan
Columbus, OHManufacturing806 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,248Employer $ per active participant
$9,346Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$317.0MNet plan assets, end of year
$256,238Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
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 | 75th |
| Employee saving | 87th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $20,820 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hexion put in about $10,248 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 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 | $8,265,200 |
| Participant (employee) contributions | $7,537,747 |
| Other contributions (incl. rollovers in) | $1,274,351 |
| Administrative expenses paid from the plan | $310,093 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $235,074 |
| Other admin expenses | $8,469 |
| Benefits paid out | $56,642,432 |
| Net assets, start / end of year | $317.4M / $317.0M |
| Active participants, start / end of year | 723 / 890 |
| Participants with account balances | 1,237 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Meaden & Moore, LTD. |
Largest service providers (Schedule C)
| Willis Towers Watson | $151,816 reported compensation |
| Strategic Advisors, Inc. | $43,258 reported compensation |
| Willis Towers Watson US LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251012191904NAL0000469761001, received 2025-10-12, EIN 13-0511250, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.