Plan Snapshot
- Plan Sponsor: Hyundai Motor Manufacturing Alabama, LLC
- Sponsor EIN: 371426698
- Sponsor Address: 700 HYUNDAI BOULEVARD, MONTGOMERY, AL, 36105
- Plan Type: 401(k)
- Total Participants: 4,047
- Total Assets: $324.7M
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 | 4,047 | $324.7M | $20.5M | $24.8M |
| 2023 | 3,904 | $280.0M | $16.6M | $20.6M |
| 2022 | 3,738 | $227.8M | $14.1M | $17.2M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | Investment Advisor | $138,530 | — | $138,530 |
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | $65,000 | — | $65,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- MORGAN STANLEY SMITH BARNEY LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,530
- Estimated Expense Ratio: 0.063% 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 | $276,265 | $138,530 | — | — | — |
| 2023 | $278,369 | $224,775 | — | $34,500 | — |
| 2022 | $218,794 | $137,040 | — | — | — |