Plan Snapshot
- Plan Sponsor: Hyundai Power Transformers Usa
- Sponsor EIN: 273200902
- Sponsor Address: 215 FOLMAR PARKWAY, MONTGOMERY, AL, 36105
- Plan Type: 401(k)
- Total Participants: 252
- Total Assets: $8.5M
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 | 252 | $8.5M | $438,917 | $1.1M |
| 2023 | 244 | $6.7M | $296,004 | $875,491 |
| 2022 | 242 | $5.4M | $396,930 | $797,169 |
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 |
|---|---|---|---|---|
| MONTGOMERY CPA ASSOCIATES, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $55,165 | $51,627 | — | — | — |
| 2023 | $43,039 | — | — | — | — |
| 2022 | $39,531 | — | $39,531 | — | — |