Plan Snapshot
- Plan Sponsor: Hanwha Advanced Materials America LLC
- Sponsor EIN: 260779231
- Sponsor Address: 4400 NORTHPARK DRIVE, OPELIKA, AL, 36801
- Plan Type: 401(k)
- Total Participants: 446
- Total Assets: $11.3M
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 | 446 | $11.3M | $744,712 | $1.1M |
| 2023 | 409 | $9.8M | $647,947 | $843,588 |
| 2022 | 364 | $8.3M | $617,845 | $825,583 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP | Auditor | $9,250 | — | $9,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,250
- Estimated Expense Ratio: 0.082% 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 | $93,281 | $32,729 | $1,186 | $9,250 | — |
| 2023 | $73,289 | $25,289 | — | $9,000 | — |
| 2022 | $59,228 | — | $59,228 | — | — |