Chemtrade Logistics, U.S. Inc. 401(k) Review & Grade
Chemtrade 401(k) Plan
Manufacturing757 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,179Employer $ per active participant
$9,282Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$168.0MNet plan assets, end of year
$144,680Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 84th |
| Employee saving | 87th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,879 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chemtrade Logistics, U.S. put in about $6,179 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 | $4,677,762 |
| Participant (employee) contributions | $7,026,238 |
| Other contributions (incl. rollovers in) | $425,727 |
| Administrative expenses paid from the plan | $103,241 |
| Contract administrator fees | $40,040 |
| Investment advisory & management fees | $55,000 |
| Benefits paid out | $22,914,180 |
| Net assets, start / end of year | $161.7M / $168.0M |
| Active participants, start / end of year | 757 / 757 |
| Participants with account balances | 1,161 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $86,804 reported compensation |
| Sageview Advisory Group | $38,500 reported compensation |
| Gallagher Benefit Services | $16,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006170150NAL0002057411001, received 2025-10-06, EIN 52-2328922, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.