Plan Snapshot
- Plan Sponsor: Hyundai America Technical Center, INC.
- Sponsor EIN: 382670894
- Sponsor Address: 6800 GEDDES ROAD, SUPERIOR TOWNSHIP, MI, 48198
- Plan Type: 401(k)
- Total Participants: 701
- Total Assets: $108.1M
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 | 701 | $108.1M | $1.9M | $7.0M |
| 2023 | 592 | $91.4M | $1.7M | $6.1M |
| 2022 | 529 | $73.2M | $1.6M | $5.4M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH | INVESTMENT ADVISOR | $70,000 | — | $70,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $19,161 | — | $19,161 |
| UHY LLP | ACCOUNTANT/AUDITOR | $16,400 | — | $16,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — INVESTMENT ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- UHY LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,561
- Estimated Expense Ratio: 0.098% 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 | $105,561 | $70,000 | $600 | $16,400 | — |
| 2023 | $103,610 | — | — | $18,000 | — |
| 2022 | $100,598 | — | — | — | — |