Plan Ledger DOL Form 5500 · updated monthly

Cheng Shin Rubber USA Inc401(k)

CHENG SHIN RUBBER USA, INC. 401K RETIREMENT PLAN · SUWANEE, GA · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works

Cheng Shin Rubber USA Inc reported $22,035 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,560 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.12% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 826th-largest of 2,160 plans among Georgia employers on file, and the 1,779th of 4,246 in wholesale trade. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,602,386
Participants with balances174
Active participants154
Employer contributions$702,218
Employee contributions$1,061,010
Employer contribution per active participant$4,560
Average account balance$124,152
Benefits paid to participants$717,726
Plan auditUnmodified (clean) audit opinion
AuditorHANCOCK ASKEW & CO LLP
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $50K emplr
2024$21.6M · 174 accts · $702K emplr
2023$18.5M · 182 accts · $653K emplr
2022$19.0M · 187 accts · $636K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,035
Total administrative$22,035
The Cheng Shin Rubber USA Inc 401(k) match · 2024
Employer contribution per active participant$4,560
Median for plans this size$2,416
2024$4,560 per active participant
2023$4,213 per active participant
2022$3,950 per active participant

Cheng Shin Rubber USA Inc's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,034

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$22,035 · 0.11%
2023$31,189 · 0.17%
2022$23,226 · 0.12%
Same employer
Similar plansWholesale Trade · Georgia
Plumbing Distributors, Inc. GA$25.4M · 0.11%
Spanx, LLC GA$25.3M · 0.03%
Augusta Sportswear, Inc. GA$22.2M · 0.54%
Adisseo USA, Inc. GA$21.6M · 0.08%
Fox-Rowden-McBrayer, Inc. GA$21.2M · 0.07%
J & L Ventures, LLC GA$20.7M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581892851 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.