Ingevity Corporation Retirement Savings Plan 401(k) Review & Grade
Ingevity Corporation
North Charleston, SCManufacturing1,316 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,882Employer $ per active participant
$9,081Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$306.5MNet plan assets, end of year
$191,544Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 65th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
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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
- Ingevity Corporation Retirement Savings Plan put in about $7,882 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.
- 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 | $10,376,569 |
| Participant (employee) contributions | $11,955,777 |
| Other contributions (incl. rollovers in) | $1,482,302 |
| Administrative expenses paid from the plan | $416,355 |
| Contract administrator fees | $13,829 |
| Investment advisory & management fees | $230,973 |
| Other admin expenses | $600 |
| Benefits paid out | $49,500,208 |
| Net assets, start / end of year | $292.2M / $306.5M |
| Active participants, start / end of year | 1,457 / 1,176 |
| Participants with account balances | 1,600 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $157,180 reported compensation |
| Empower Annuity Insurance Company O | $146,278 reported compensation |
| Rocaton Investment Advisors LLC | $73,793 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111233NAL0008911282001, received 2025-10-15, EIN 47-4027764, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.