# Hwaseung Automotive America Hold 401(k) Plan
Source: https://planprovider.pro/companies/hwaseung-automotive-america-hold-401k-plan

> Hwaseung Automotive America Hold's 401(k) plan: 373 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hwaseung Automotive America Hold

- **Sponsor EIN:** 432004446

- **Sponsor Address:** 1150 STEPHENSON, TROY, MI, 48083

- **Plan Type:** 401(k)

- **Total Participants:** 373

- **Total Assets:** $2.3M

## 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|373|$2.3M|$98,405|$411,261|

| 2023|365|$1.8M|$95,191|$415,237|

| 2022|372|$1.6M|$94,436|$376,837|

## 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|

| ADP, INC.|RECORD KEEPER|$25,122|—|$25,122|

| SMITH AND HOWARD, PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $25,122

- **Estimated Expense Ratio:** 1.090% 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|$25,122|—|—|—|—|

| 2023|$39,353|$15,750|—|—|—|

| 2022|$24,104|—|—|—|—|

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