Retirement plan

HANWHA ADVANCED MATERIALS AMERICA, LLC 401(K) RETIREMENT PLAN

Name: HANWHA ADVANCED MATERIALS AMERICA LLC - HANWHA ADVANCED MATERIALS AMERICA, LLC 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: HANWHA ADVANCED MATERIALS AMERICA LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HANWHA ADVANCED MATERIALS AMERICA, LLC 401(K) RETIREMENT PLAN, HANWHA ADVANCED MATERIALS AMERICA LLC

HANWHA ADVANCED MATERIALS AMERICA LLCEIN 26-0779231Plan #001PY 2024

4400 NORTHPARK DRIVE - OPELIKA, AL 36801334-364-1768hanwhaus.comLinkedIn201-500 employeesplastics

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$11.3M

+15.6% from 2023

Total participants

484

+6.6% from 2023

Average account balance

$36,918

+13.7% from 2023

Annual return

10.29%

-4.01 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.30M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$37K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

306

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

60.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.29%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$305

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$46,426
STIFEL NICOLAUS & CO INC6 years Service code 27 501 N BROADWAY · ST LOUIS, MO 63102	Advisory (Plan)	$24,792
THE HIGHLANDS ACCOUNTING GROUP4 years Filed as: THE HIGHLANDS ACCOUNTING GROUP INC Service code 10 P O BOX 36485 · HOOVER, AL 35236	Accounting	$9,250
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$7,937
NATIONAL AUTOMOBILE DEALERS ASSOCIA3 years Service code 99 8400 WESTPARK DR · MCLEAN, VA 22102	Other Fees	$3,794
CAPFINANCIAL PARTNERS LLC3 years Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR Service code 99 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Other Fees	$1,897
NORTHEAST RETIREMENT SERVICES, INC.3 years Service code 13 12 GILL ST STE 2600 · WOBURN, MA 01801	Contract Administrator	$1,186

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$93K

$209 / participant

Recordkeeping$46K49.8%
Investment mgmt$33K35.1%
Contract admin$1K1.3%
Other / not subdivided$13K13.9%

% of EOY assets

0.826%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THE HIGHLANDS ACCOUNTING GROUP
Auditor EIN: 823217974
Audit fees: $9,250
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,918

$89,123-58.6%

$102,460-64.0%

$77,762-52.5%

Participation rate

60.1%

80.9%-20.8pp

76.5%-16.4pp

70.6%-10.5pp

Annual return

10.29%

25.05%-14.8pp

29.47%-19.2pp

31.27%-21.0pp

Employer contribution / active EE

$1,670

$2,700-38.2%

$3,025-44.8%

$2,728-38.8%

Participant deferral / active EE

$2,376

$5,148-53.8%

$5,056-53.0%

$4,651-48.9%

Admin fee / account holder

$305

$236+29.2%

$9,460-96.8%

$433-29.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$46,426

STIFEL NICOLAUS & CO INC6 years

Service code 27

501 N BROADWAY · ST LOUIS, MO 63102

Advisory (Plan)

$24,792

THE HIGHLANDS ACCOUNTING GROUP4 years

Filed as: THE HIGHLANDS ACCOUNTING GROUP INC

Service code 10

P O BOX 36485 · HOOVER, AL 35236

Accounting

$9,250

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$7,937

NATIONAL AUTOMOBILE DEALERS ASSOCIA3 years

Service code 99

8400 WESTPARK DR · MCLEAN, VA 22102

Other Fees

$3,794

CAPFINANCIAL PARTNERS LLC3 years

Filed as: CAPFINANCIAL PARTNERS LLC DBA CAPTR

Service code 99

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Other Fees

$1,897

NORTHEAST RETIREMENT SERVICES, INC.3 years

Service code 13

12 GILL ST STE 2600 · WOBURN, MA 01801

Contract Administrator

$1,186

HANWHA ADVANCED MATERIALS AMERICA, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HANWHA ADVANCED MATERIALS AMERICA, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion