Connecticut › Manufacturing › 1,000 to 4,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Macdermid, Incorporated Employees' Pension Plan
Sponsored by Macdermid, Incorporated, Waterbury, CT
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Macdermid, Incorporated Employees' Pension Plan covered 2,022 participants and held $164M in net assets. The plan is a defined benefit pension plan sponsored by Macdermid, Incorporated of Waterbury, Connecticut.
Net assets came to $81,032 per participant, below the $87,935 median for defined benefit plans with 1,000 to 4,999 participants and above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 7 service provider organisations paid $5,000 or more, with reported compensation of $729K: $361 per participant, above the same-size median of $325. Administrative expenses charged to the plan were $939K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $69.6M in 2009 to $164M in 2024 (up 135%), and participants from 1,669 to 2,022 (up 21%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $81,032 | $87,935 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,593 | $6,915 | $10,244 |
| Schedule C compensation per participant | $361 | $325 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.45% | 0.41% | 0.47% | 0.42% |
| Administrative expenses per participant | $465 | $513 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 1,000 to 4,999 participants (1,540 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 2,022 | $164M | $81,032 | — | — | $729K |
| 2023 | 2,079 | $165M | $79,192 | — | — | $667K |
| 2022 | 2,125 | $161M | $75,715 | — | — | $794K |
| 2021 | 2,177 | $217M | $99,562 | $8,000 | — | $576K |
| 2020 | 2,239 | $225M | $100,345 | — | — | $651K |
| 2019 | 2,288 | $205M | $89,523 | — | — | $268K |
| 2018 | 2,348 | $184M | $78,429 | — | — | $249K |
| 2017 | 2,482 | $200M | $80,438 | — | — | $375K |
| 2016 | 2,558 | $180M | $70,536 | $2.6M | — | $59K |
| 2015 | 1,651 | $124M | $74,836 | — | — | $126K |
| 2014 | 1,671 | $134M | $80,090 | — | — | $141K |
| 2013 | 1,690 | $127M | $75,343 | — | — | $128K |
| 2012 | 1,689 | $105M | $62,310 | $5.3M | — | $51K |
| 2009 | 1,669 | $69.6M | $41,702 | $6.0M | — | $27K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$164,641,102
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions—
- Total income, including investment results$11,608,444
- Benefits paid$11,463,080
- Administrative expenses$939,241
- Total expenses$12,402,321
- Net income−$793,877
- Net transfers$0
- Net assets, end of year$163,847,225
Participants
- Active participants250
- Retired or separated, receiving benefits1,146
- Retired or separated, entitled to future benefits379
- Total participants, end of year2,022
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Aon Hewitt Investment Consulting | Recordkeeping fees | $284,225 | $0 |
| Agilis Partners LLC | Investment management | $206,110 | $0 |
| The Northern Trust Company | Investment management | $97,500 | $0 |
| Schwab Retirement Plan Services | Recordkeeping and information management | $85,000 | $0 |
| Cohnreznick LLP | Accounting (including auditing) | $38,850 | $0 |
| Chimento and Webb PC | Legal | $17,468 | $0 |
| Charles Schwab Trust Bank | Trustee (directed) | $0 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$307,588
- Actuarial fees$284,225
- Investment advisory and management fees$206,110
- Recordkeeping fees$85,000
- IQPA audit fees$38,850
- Legal fees$17,468
- Total administrative expenses$939,241
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$117M · 71.5%
- U.S. Government securities$38.3M · 23.4%
- Other investments$4.6M · 2.8%
- Cash (interest and non-interest bearing)$3.7M · 2.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCohnreznick
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 333900: Other General Purpose Machinery Mfg.
Similar plans in Connecticut
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Bic Corporation Employees' Pension Plan | Bic Corporation | 2,434 | $236M | $96,883 |
| Sundstrand de Puerto Rico Pension Plan | RTX Corporation | 1,577 | $47.5M | $30,151 |
| Tronox Incorporated Retirement Plan | Tronox Incorporated | 2,439 | $171M | $70,106 |
| Henkel of America Retirement Plan | Henkel of America, Inc. | 1,273 | $253M | $198,618 |
| Hubbell Incorporated Retirement Plan for Salaried and Hourly Employees | Hubbell Inc., and Subsidiaries | 2,633 | $317M | $120,503 |
| Ampex Consolidated Retirement Plan | Ampex Corporation | 1,238 | $109M | $88,159 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Macdermid, Incorporated Employees' Pension Plan?
2,022 participants at the end of the plan year ending 31 Dec 2024, of whom 250 were active employees, with net assets of $163,847,225. Among defined benefit plans that places it in the 1,000 to 4,999 participants band, which held 1,540 plans in plan year 2024.
What does Macdermid, Incorporated contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $729,153 in compensation to service provider organisations, $361 per participant or 0.45% of net assets. The same-size median among plans reporting any Schedule C compensation was $325 per participant. Administrative expenses on Schedule H were $939,241. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Macdermid, Incorporated. Recordkeeping or administration: Aon Hewitt Investment Consulting and Schwab Retirement Plan Services. Investment advisory or management: Agilis Partners LLC and The Northern Trust Company. Trustee or custodian: Charles Schwab Trust Bank. The financial statements were audited by Cohnreznick. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 29 Sep 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 06-0435750, plan 004, received 29 Sep 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.