Kwangsung America401(k)
KWANGSUNG AMERICA 401(K) PLAN · DADEVILLE, AL · plan year 2022
Kwangsung America'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 $614,215 across 41 participant accounts, with employer contributions averaging $101 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alabama (876th of 902), and 5,042nd of 5,215 in retail trade. In 2022, employees put in $10.84 for every $1.00 the employer contributed.
Kwangsung America's 2022 employer contribution ran below the $331 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 205352408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.