# Hanwha Q Cells Usa, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hanwha-q-cells-usa-inc-401k-plan

> Hanwha Q Cells Usa, INC.'s 401(k) plan: 1,499 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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