Plan Ledger DOL Form 5500 · updated monthly

Enkei America, Inc.401(k)

ENKEI AMERICA, INC. SAVINGS PLAN · COLUMBUS, IN · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Enkei America, Inc. reported $131,629 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,195 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 0.382%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 390th-largest of 1,562 plans among Indiana employers on file, and the 4,097th of 13,661 in manufacturing. In 2023, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,168,942
Participants with balances350
Active participants666
Employer contributions$796,141
Employee contributions$1,389,273
Employer contribution per active participant$1,195
Average account balance$97,626
Benefits paid to participants$4,030,802
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 310 accts · $732K emplr
2023$34.2M · 350 accts · $796K emplr
2022$31.8M · 355 accts · $724K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$131,629
Total administrative$131,629
The Enkei America, Inc. 401(k) match · 2023
Employer contribution per active participant$1,195
Median for plans this size$2,440
2024$1,194 per active participant
2023$1,195 per active participant
2022$1,089 per active participant

Enkei America, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$131,269
WELLS FARGO ADVISORS FIN NETWORK · Investment advisory (plan)indirect comp
S B H U LIFE AGENCY INC · Other servicesindirect 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$128,777 · 0.38%
2023$131,629 · 0.40%
2022$135,343 · 0.38%
Same employer
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Materials Processing, Inc. IN$34.9M · 0.28%
Hasco - Smoker Craft, Inc. IN$34.8M · 0.03%
Central Wire, Inc. IN$34.2M · 0.07%
Intat Precision, Inc IN$33.7M · 0.28%
Lucas Oil Products, Inc. IN$33.6M · 0.45%
Task Force Tips, LLC IN$33.0M · 0.34%
Hammond Group, Inc. IN$33.0M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351656521 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.