Syensqo USA LLC 401(k) Review & Grade
Syensqo USA 401(k)plan
Lawrence, NJManufacturing6,390 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,879Employer $ per active participant
$9,140Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$248,853Average balance per account
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 90th |
| Employee saving | 75th |
| Peers that auto-enroll | 70% |
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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
- Syensqo USA put in about $7,879 per active participant, more than the typical peer ($3,452). 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 | $50,345,948 |
| Participant (employee) contributions | $58,403,303 |
| Other contributions (incl. rollovers in) | $4,814,424 |
| Administrative expenses paid from the plan | $497,561 |
| Contract administrator fees | $497,561 |
| Benefits paid out | $178,223,191 |
| Net assets, start / end of year | $1.6B / $1.7B |
| Active participants, start / end of year | 6,387 / 6,393 |
| Participants with account balances | 6,951 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
| Employer stock held by plan | $7,797,516 |
Largest service providers (Schedule C)
| M Lynch, Pierce, Fenner, and Smith | $403,032 reported compensation |
| Curcio Webb | $101,730 reported compensation |
| RSM US LLP | $48,517 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014095007NAL0005341474001, received 2025-10-14, EIN 22-3539954, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.