Avient Corporation 401(k) Review & Grade
Avient Retirement Savings Plan
Avon Lake, OHManufacturing3,110 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,803Employer $ per active participant
$8,280Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$678.2MNet plan assets, end of year
$155,398Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 60th |
| Employee saving | 70th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($10,335 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.
Corrective distributions: the plan refunded $6,350 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avient put in about $3,803 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.
- 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 | $11,829,649 |
| Participant (employee) contributions | $25,754,037 |
| Other contributions (incl. rollovers in) | $5,163,563 |
| Administrative expenses paid from the plan | $603,965 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $207,761 |
| Other admin expenses | $102,466 |
| Benefits paid out | $85,737,893 |
| Net assets, start / end of year | $628.4M / $678.2M |
| Active participants, start / end of year | 3,105 / 3,116 |
| Participants with account balances | 4,364 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bober, Markey, Fedorovich & Company |
| Employer stock held by plan | $28,765,613 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $244,892 reported compensation |
| Strategic Advisors, Inc. | $204,271 reported compensation |
| Mercer Investment Consulting LLC | $102,465 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250619112104NAL0003114881001, received 2025-06-19, EIN 34-1730488, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.