Plan Ledger DOL Form 5500 · updated monthly

Hyosung Hico, LTD401(k)

HYOSUNG HICO LTD 401(K) PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Hyosung Hico, LTD reported $20,174 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,233 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 0.45% to 0.41%. 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 Tennessee (1,028th of 1,496), and 3,535th of 4,246 in wholesale trade. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has grown from 212 to 363 since 2022.

Plan summary
Net assets, end of year$5,776,557
Participants with balances194
Active participants363
Employer contributions$447,503
Employee contributions$835,150
Employer contribution per active participant$1,233
Average account balance$29,776
Benefits paid to participants$530,977
Plan auditUnmodified (clean) audit opinion
AuditorREYNOLDS, BONE & GRIESBECK, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 194 accts · $448K emplr
2023$4.0M · 151 accts · $311K emplr
2022$3.3M · 116 accts · $225K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,174
Total administrative$20,174
The Hyosung Hico, LTD 401(k) match · 2024
Employer contribution per active participant$1,233
Median for plans this size$1,313
2024$1,233 per active participant
2023$1,193 per active participant
2022$1,062 per active participant

Hyosung Hico, LTD'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.

Administrative cost history3
2024$20,174 · 0.41%
2023$17,736 · 0.49%
2022$15,602 · 0.45%
Same employer
Similar plansWholesale Trade · Tennessee
Lpi Holdco Inc. TN$6.3M · 0.00%
Fusionsite Services LLC TN$6.1M · 1.10%
Rogers Petroleum, Inc. TN$6.1M · 0.43%
Pella Tennessee, LLC TN$6.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 844165868 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.