Plan Snapshot
- Plan Sponsor: Sk Battery America, INC.
- Sponsor EIN: 832897764
- Sponsor Address: 1760 SK BLVD, COMMERCE, GA, 30529
- Plan Type: 401(k)
- Total Participants: 1,708
- Total Assets: $16.7M
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 | 1,708 | $16.7M | $2.8M | $4.1M |
| 2023 | 2,427 | $10.6M | $2.1M | $3.1M |
| 2022 | 2,003 | $4.4M | $1.1M | $1.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $305,593 | — | $305,593 |
| MORGAN STANLEY GLOBAL BA | INVESTMENT ADVISORY | $26,516 | — | $26,516 |
| KLICHS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY GLOBAL BA — INVESTMENT ADVISORY
- KLICHS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $332,109
- Estimated Expense Ratio: 1.985% 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 | $332,096 | $26,503 | $305,593 | — | — |
| 2023 | $185,673 | $25,847 | $159,826 | — | — |
| 2022 | $56,555 | — | $56,555 | — | — |