Retirement plan

HYUNDAI POWER TRANSFORMERS USA 401(K) PLAN

Name: HYUNDAI POWER TRANSFORMERS USA - HYUNDAI POWER TRANSFORMERS USA 401(K) PLAN (2020) Form 5500
Creator: HYUNDAI POWER TRANSFORMERS USA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYUNDAI POWER TRANSFORMERS USA 401(K) PLAN, HYUNDAI POWER TRANSFORMERS USA

HYUNDAI POWER TRANSFORMERS USAEIN 27-3200902Plan #001PY 2020

215 FOLMAR PARKWAY - MONTGOMERY, AL 36105334-481-2072

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+23.3% from 2019

Total participants

315

+6.8% from 2019

Average account balance

$18,267

+11.8% from 2019

Annual return

12.19%

-11.12 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.52M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

245

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.

64.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$225

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASS MUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$15,100
ASCENSUS LLC1 year Service code 13 · EIN 82-3719843	Contract Administrator	$9,300
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INS SVSCS INC Service code 27 · EIN 51-0116113	Advisory (Plan)	$0
RELIANCE TRUST COMPANY1 year Service code 21 · EIN 58-1428634	Bank Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$12K

$47 / participant

Contract admin$12K100.0%

% of EOY assets

0.271%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MONTGOMERY CPA ASSOCIATES, INC.
Auditor EIN: 453552789
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,267

$79,519-77.0%

$95,964-81.0%

$73,412-75.1%

Participation rate

73.4%

81.2%-7.8pp

77.1%-3.7pp

72.2%+1.2pp

Annual return

12.19%

19.20%-7.0pp

91.64%-79.5pp

59.30%-47.1pp

Employer contribution / active EE

$1,120

$2,048-45.3%

$2,541-55.9%

$2,234-49.9%

Participant deferral / active EE

$2,493

$4,138-39.7%

$4,167-40.2%

$3,806-34.5%

Admin fee / account holder

$50

$184-73.1%

$6,797-99.3%

$158-68.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASS MUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$15,100

ASCENSUS LLC1 year

Service code 13 · EIN 82-3719843

Contract Administrator

$9,300

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INS SVSCS INC

Service code 27 · EIN 51-0116113

Advisory (Plan)

RELIANCE TRUST COMPANY1 year

Service code 21 · EIN 58-1428634

Bank Trustee

HYUNDAI POWER TRANSFORMERS USA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYUNDAI POWER TRANSFORMERS USA 401(K) 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