Plan Snapshot
- Plan Sponsor: Hanwha Q Cells Usa, INC.
- Sponsor EIN: 830576552
- Sponsor Address: 300 NEXUS DRIVE, DALTON, GA, 30721
- Plan Type: 401(k)
- Total Participants: 1,499
- Total Assets: $5.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,499 | $5.1M | $839,337 | $1.3M |
| 2023 | 1,088 | $2.8M | $499,172 | $727,876 |
| 2022 | 678 | $1.5M | $314,165 | $445,394 |
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 | CONTRACT ADMINISTRATOR | $55,388 | — | $55,388 |
| ERISA SERVICES OF GEORGIA | CONTRACT ADMINISTRATOR | $7,225 | $17 | $7,242 |
| CHERRYBEKAERT LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $62,630
- Estimated Expense Ratio: 1.229% 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 | $63,663 | — | $63,663 | — | — |
| 2023 | $48,169 | — | $48,169 | — | — |
| 2022 | $35,981 | — | $35,981 | — | — |