Retirement plan

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN

Name: HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC - HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN (2020) Form 5500
Creator: HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN, HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLCEIN 37-1426698Plan #001PY 2020

700 HYUNDAI BOULEVARD - MONTGOMERY, AL 36105334-387-8000hmmausa.comLinkedIn1001-5000 employeesautomotive

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$225M

-12.8% from 2016

Total participants

3,487

+2.2% from 2016

Average account balance

$67,807

-14.5% from 2016

Annual return

10.68%

-7.28 pp from 2016

Benchmarks

See 763 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort763 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$324.74M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

4,301

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$122,262
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 16 PO BOX 2016 · LAKEWOOD, NJ 08701	Consulting	$84,000
KLICHS LLP1 year Filed as: KLICHS, LLP Service code 10 · EIN 46-2608003	Accounting	$30,000
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$242

Plan features & details

Pension benefit codes2F2G2J2K2S2T3H

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$239K

$74 / participant

Investment mgmt$122K51.1%
Other / not subdivided$117K48.9%

% of EOY assets

0.106%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KLICHS, LLP
Auditor EIN: 462608003
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,807

$176,471-61.6%

$95,968-29.3%

$90,274-24.9%

Participation rate

94.8%

86.6%+8.2pp

77.1%+17.7pp

73.4%+21.4pp

Annual return

10.68%

20.15%-9.5pp

91.65%-81.0pp

53.97%-43.3pp

Employer contribution / active EE

$3,196

$2,783+14.8%

$2,542+25.7%

$2,523+26.6%

Participant deferral / active EE

$3,797

$5,325-28.7%

$4,167-8.9%

$4,231-10.2%

Admin fee / account holder

$72

$154-53.3%

$6,798-98.9%

$114-36.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$122,262

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 16

PO BOX 2016 · LAKEWOOD, NJ 08701

Consulting

$84,000

KLICHS LLP1 year

Filed as: KLICHS, LLP

Service code 10 · EIN 46-2608003

Accounting

$30,000

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$242

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 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