Plan Snapshot
- Plan Sponsor: Enkei America, INC.
- Sponsor EIN: 351656521
- Sponsor Address: 2900 INWOOD DR, COLUMBUS, IN, 472019758
- Plan Type: 401(k)
- Total Participants: 613
- Total Assets: $33.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 613 | $33.2M | $731,932 | $1.3M |
| 2023 | 666 | $34.2M | $796,141 | $1.4M |
| 2022 | 665 | $31.8M | $724,107 | $1.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $128,776 | — | $128,776 |
| WELLS FARGO ADVISORS FIN NETWORK | Investment Advisor | — | $66,663 | $66,663 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $195,439
- Estimated Expense Ratio: 0.589% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $128,777 | — | $128,777 | — | — |
| 2023 | $131,629 | — | $131,629 | — | — |
| 2022 | $135,343 | — | $135,343 | — | — |