Plan Ledger DOL Form 5500 · updated monthly

Sewon America, Inc.401(k)

SEWON AMERICA, INC. 401(K) PLAN · LA GRANGE, GA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Sewon America, Inc. reported $8,649 in plan administrative expenses for 2024: 0.35% of average plan assets, below the peer median. Employer contributions averaged $235 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 0.38% to 0.35%. 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 Georgia (1,859th of 2,160), and 12,444th of 13,661 in manufacturing. In 2024, employees put in $4.52 for every $1.00 the employer contributed; active participation has grown from 339 to 389 since 2022.

Plan summary
Net assets, end of year$2,717,975
Participants with balances188
Active participants389
Employer contributions$91,555
Employee contributions$413,512
Employer contribution per active participant$235
Average account balance$14,457
Benefits paid to participants$193,792
Plan auditUnmodified (clean) audit opinion
AuditorKLICHS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 188 accts · $92K emplr
2023$2.2M · 189 accts · $61K emplr
2022$1.8M · 138 accts · $82K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,649
Total administrative$8,649
The Sewon America, Inc. 401(k) match · 2024
Employer contribution per active participant$235
Median for plans this size$1,313
2024$235 per active participant
2023$146 per active participant
2022$243 per active participant

Sewon America, Inc.'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 · 20241
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$8,649

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$8,649 · 0.35%
2023$9,866 · 0.49%
2022$7,485 · 0.38%
Same employer
Similar plansManufacturing · Georgia
Vmc Specialty Alloys LLC GA$2.9M · 0.43%
Campbell Printing Company GA$2.8M · 0.03%
Marglen Industries Inc GA$2.8M · 0.70%
Metcam, Inc. GA$2.7M · 0.65%
Roytec Industries LLC GA$2.6M · 1.10%
Beaumont Products, Inc. GA$2.6M · 1.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261971648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.