Plan Snapshot
- Plan Sponsor: Kobelco Aluminum Automotive Products, LLC
- Sponsor EIN: 432019796
- Sponsor Address: ONE KOBE WAY, BOWLING GREEN, KY, 42101
- Plan Type: 401(k)
- Total Participants: 729
- Total Assets: $10.6M
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 | 729 | $10.6M | $535,379 | $1.3M |
| 2023 | 672 | $9.0M | $457,630 | $1.2M |
| 2022 | 631 | $7.4M | $427,940 | $1.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $39,684 | — | $39,684 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $23,580 | — | $23,580 |
| WELLTH ADVISORY SERVICES LLC | Investment Advisor | $8,560 | — | $8,560 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,824
- Estimated Expense Ratio: 0.675% 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 | $71,824 | $32,140 | — | — | — |
| 2023 | $62,454 | $26,978 | — | — | — |
| 2022 | $50,242 | — | $50,242 | — | — |