Plan Ledger DOL Form 5500 · updated monthly

Seoyon E Hwa Interior Systems Alabama, LLC401(k)

SEOYON E HWA INTERIOR SYSTEMS ALABAMA, LLC EMPLOYEES SAVINGS TRUST · MONTGOMERY, AL · plan year 2024

Reported admin expense ratio · 2024
1.90%

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

Seoyon E Hwa Interior Systems Alabama, LLC reported $62,943 in plan administrative expenses for 2024: 1.90% of average plan assets, higher than ~90% of peers. Employer contributions averaged $379 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 1.25% to 1.90%. 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 (697th of 902), and 11,910th of 13,661 in manufacturing. In 2024, employees put in $3.41 for every $1.00 the employer contributed; active participation has grown from 404 to 485 since 2022.

Plan summary
Net assets, end of year$3,706,333
Participants with balances262
Active participants485
Employer contributions$183,966
Employee contributions$627,787
Employer contribution per active participant$379
Average account balance$14,146
Benefits paid to participants$293,353
Plan auditUnmodified (clean) audit opinion
AuditorKO & YUN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 262 accts · $184K emplr
2023$2.9M · 282 accts · $192K emplr
2022$2.2M · 224 accts · $115K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,437
Investment management$6,012
Total administrative$62,943
The Seoyon E Hwa Interior Systems Alabama, LLC 401(k) match · 2024
Employer contribution per active participant$379
Median for plans this size$1,313
2024$379 per active participant
2023$406 per active participant
2022$284 per active participant

Seoyon E Hwa Interior Systems Alabama, LLC's 2024 employer contribution ran below the $1,313 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.

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 · 20243
ADP, INC. · Loan processing · Recordkeeping$17,138
ERISA SPECIALISTS LLC DBA BENEFIT P · Recordkeeping · Pension consulting$6,012
ADP BROKER-DEALERindirect 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, ERISA SPECIALISTS LLC DBA BENEFIT P
2023BENEFIT PROFESSIONALS INC., Morgan Stanley, Nationwide

This plan has changed recordkeepers within these filings. If you left Seoyon E Hwa Interior Systems Alabama, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$62,943 · 1.90%
2023$43,318 · 1.69%
2022$27,732 · 1.25%
Same employer
Similar plansManufacturing · Alabama
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%
Mesker Mbm LP AL$3.6M · 1.93%
R.L. Zeigler Co., Inc. AL$3.5M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 020743808 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.