Kwang Jin America, Inc.401(k)
KWANG JIN AMERICA, INC. 401(K) PLAN · WARREN, MI · plan year 2022
Kwang Jin America, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,553,513 across 70 participant accounts, with employer contributions averaging $902 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (2,302nd of 2,619), and 12,530th of 13,661 in manufacturing. In 2022, employees put in $1.78 for every $1.00 the employer contributed.
Kwang Jin America, Inc.'s 2022 employer contribution ran below the $1,114 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 383328745 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.