Plan Ledger DOL Form 5500 · updated monthly

Sejong Alabama, LLC401(k)

SEJONG ALABAMA, LLC 401(K) PLAN · FORT DEPOSIT, AL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Sejong Alabama, LLC reported $5,510 in plan administrative expenses for 2024: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $983 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 0.08% to 0.14%. 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 Alabama (658th of 902), and 11,499th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 306 to 338 since 2022.

Plan summary
Net assets, end of year$4,447,623
Participants with balances186
Active participants338
Employer contributions$332,319
Employee contributions$629,227
Employer contribution per active participant$983
Average account balance$23,912
Benefits paid to participants$427,930
Plan auditUnmodified (clean) audit opinion
AuditorKLICHS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 186 accts · $332K emplr
2023$3.6M · 148 accts · $254K emplr
2022$3.1M · 133 accts · $223K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,510
Total administrative$5,510
The Sejong Alabama, LLC 401(k) match · 2024
Employer contribution per active participant$983
Median for plans this size$1,313
2024$983 per active participant
2023$923 per active participant
2022$730 per active participant

Sejong Alabama, LLC'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$5,509
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$5,510 · 0.14%
2023$4,565 · 0.14%
2022$2,644 · 0.08%
Same employer
Similar plansManufacturing · Alabama
Unipres Alabama, Inc. AL$4.7M · 0.77%
Alto Products Corporation AL$4.6M · 0.05%
Thermalex, Inc. AL$4.5M · 0.77%
C & B Piping, Inc. AL$4.2M · 0.90%
Kabco Builders, Inc. AL$4.1M · 0.09%
Das North America, Inc. AL$3.8M · 2.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 061697843 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.