Plan Ledger DOL Form 5500 · updated monthly

Hankook & Company Es America Corp401(k)

HANKOOK & COMPANY ES AMERICA RETIREMENT PLAN · CLARKSVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
2.26%

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

Hankook & Company Es America Corp reported $39,238 in plan administrative expenses for 2024: 2.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $985 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 rose from 0.99% to 2.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Tennessee (1,309th of 1,496), and 12,798th of 13,661 in manufacturing. In 2024, employees put in $3.09 for every $1.00 the employer contributed; active participation has grown from 159 to 208 since 2022.

Plan summary
Net assets, end of year$2,063,388
Participants with balances439
Active participants208
Employer contributions$204,844
Employee contributions$633,656
Employer contribution per active participant$985
Average account balance$4,700
Benefits paid to participants$377,579
Plan auditUnmodified (clean) audit opinion
AuditorKLICHS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.1M · 439 accts · $205K emplr
2023$1.4M · 409 accts · $141K emplr
2022$1.2M · 278 accts · $86K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,238
Total administrative$39,238
The Hankook & Company Es America Corp 401(k) match · 2024
Employer contribution per active participant$985
Median for plans this size$1,313
2024$985 per active participant
2023$637 per active participant
2022$538 per active participant

Hankook & Company Es America Corp'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 · 20241
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$39,238

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$39,238 · 2.26%
2023$28,286 · 2.17%
2022$11,048 · 0.99%
Same employer
Similar plansManufacturing · Tennessee
Marle America, Inc. TN$2.2M · 0.20%
Kyowa America Corporation TN$1.9M · 0.81%
United Cabinet Co., LLC TN$1.7M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364858427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.