Nouryon Chemicals LLC 401(k) Review & Grade
Nouryon Chemicals Retirement Savings Plan
Chicago, ILManufacturing1,380 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,900Employer $ per active participant
$11,971Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$508.7MNet plan assets, end of year
$248,868Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score66 / 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 | 79th |
| Employee saving | 94th |
| 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 ($43,693 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Nouryon Chemicals put in about $10,900 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 | $15,041,515 |
| Participant (employee) contributions | $16,519,350 |
| Other contributions (incl. rollovers in) | $2,382,793 |
| Administrative expenses paid from the plan | $395,165 |
| Contract administrator fees | $2,100 |
| Investment advisory & management fees | $222,353 |
| Other admin expenses | $46,286 |
| Benefits paid out | $81,104,082 |
| Net assets, start / end of year | $491.1M / $508.7M |
| Active participants, start / end of year | 1,401 / 1,359 |
| Participants with account balances | 2,044 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Financial Engines | $222,353 reported compensation |
| Fidelity Investments Institutional | $79,076 reported compensation |
| Sageview Advisory Group, LLC | $49,811 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015101916NAL0002231443001, received 2025-10-15, EIN 83-1177040, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.