Plan Ledger DOL Form 5500 · updated monthly

Coway USA Inc.401(k)

COWAY USA INC. 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.92%

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

Coway USA Inc. reported $60,840 in plan administrative expenses for 2024: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $859 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 3 years on file its reported administrative ratio has held roughly steady near 0.918%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (6,095th of 9,483), and 3,247th of 4,246 in wholesale trade. In 2024, employees put in $3.79 for every $1.00 the employer contributed; active participation has grown from 414 to 475 since 2022.

Plan summary
Net assets, end of year$7,730,984
Participants with balances296
Active participants475
Employer contributions$407,906
Employee contributions$1,547,384
Employer contribution per active participant$859
Average account balance$26,118
Benefits paid to participants$519,570
Plan auditUnmodified (clean) audit opinion
AuditorCKP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 296 accts · $408K emplr
2023$5.5M · 279 accts · $377K emplr
2022$3.4M · 250 accts · $332K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,840
Total administrative$60,840
The Coway USA Inc. 401(k) match · 2024
Employer contribution per active participant$859
Median for plans this size$1,313
2024$859 per active participant
2023$815 per active participant
2022$803 per active participant

Coway USA Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$51,127
ORENDA RETIREMENT LLC · Contract administrator · Other services$9,713
SBHU LIFE AGENCY INC · Other servicesindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$60,840 · 0.92%
2023$38,471 · 0.87%
2022$27,247 · 0.92%
Same employer
Similar plansWholesale Trade · California
Nexus Professionals LLC CA$7.9M · 0.07%
Grape Expectations CA$7.9M · 0.76%
Allstate Floral, Inc. CA$7.6M · 0.03%
Me & My Big Ideas, LLC CA$7.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 711012437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.