Plan Ledger DOL Form 5500 · updated monthly

Hanwha Azdel, Inc.401(k)

HANWHA AZDEL, INC. EMPLOYEE SAVINGS PLAN · FOREST, VA · plan year 2025

Reported admin expense ratio · 2025
0.31%

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

Hanwha Azdel, Inc. reported $60,588 in plan administrative expenses for 2025: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,994 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 fell from 0.50% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other manufacturing employers. By assets it is the 960th-largest of 2,266 plans among Virginia employers on file, and the 5,747th of 13,661 in manufacturing. In 2025, employees put in $3.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,006,029
Participants with balances244
Active participants209
Employer contributions$416,795
Employee contributions$1,299,356
Employer contribution per active participant$1,994
Average account balance$86,090
Benefits paid to participants$1,373,801
Plan auditUnmodified (clean) audit opinion
AuditorGREER WALKER, LLP
Plan history4
Yearassets · accounts · employer contribution
2025$21.0M · 244 accts · $417K emplr
2024$17.9M · 266 accts · $414K emplr
2023$15.0M · 260 accts · $388K emplr
2022$12.0M · 268 accts · $366K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$58,088
Total administrative$60,588
The Hanwha Azdel, Inc. 401(k) match · 2025
Employer contribution per active participant$1,994
Median for plans this size$2,666
2025$1,994 per active participant
2024$1,842 per active participant
2023$1,803 per active participant
2022$1,628 per active participant

Hanwha Azdel, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
SAGEVIEW ADVISORY GROUP, LLC$2,500

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

Administrative cost history4
2025$60,588 · 0.31%
2024$61,360 · 0.37%
2023$63,941 · 0.47%
2022$64,253 · 0.50%
Same employer
Similar plansManufacturing · Virginia
American Gfm Corporation VA$23.0M · 0.02%
Davis, Carter, Scott LTD. VA$22.1M · 0.36%
Optical Cable Corporation VA$20.2M · 0.22%
Vbrick Systems, Inc. VA$19.0M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 561529693 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.