Plan Snapshot
- Plan Sponsor: Hanwha Aerospace Usa LLC
- Sponsor EIN: 391515599
- Sponsor Address: 5 MCKEE PLACE, CHESHIRE, CT, 06410
- Plan Type: 401(k)
- Total Participants: 507
- Total Assets: $55.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 507 | $55.1M | $1.7M | $3.8M |
| 2023 | 538 | $52.5M | $866,337 | $3.7M |
| 2022 | 545 | $47.4M | $847,011 | $3.5M |
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 |
|---|---|---|---|---|
| WHITTLESEY PC | Auditor | $13,700 | — | $13,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,700
- Estimated Expense Ratio: 0.025% 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 | $94,120 | $27,467 | — | $13,700 | — |
| 2023 | $146,371 | $47,676 | $90,995 | $7,700 | — |
| 2022 | $127,028 | $92,593 | $22,435 | — | $12,000 |