Seoyon E Hwa Interior Systems Al 401(k) Review & Grade
Seoyon E Hwa Interior Systems Alabama, LLC Employees Savings T
Montgomery, ALManufacturing510 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$360Employer $ per active participant
$1,230Employee $ saved per active participant
1.90%Direct admin cost, % of plan assets
$3.7MNet plan assets, end of year
$14,146Average balance per account
Score breakdown
- Employer generosity2.3 / 505th percentile for employer $ per participant
- Low cost0.4 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 1th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Seoyon E Hwa Interior Systems Al put in about $360 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (1.90% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $183,966 |
| Participant (employee) contributions | $627,787 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $62,943 |
| Investment advisory & management fees | $6,012 |
| Other admin expenses | $35,494 |
| Benefits paid out | $293,353 |
| Net assets, start / end of year | $2.9M / $3.7M |
| Active participants, start / end of year | 536 / 485 |
| Participants with account balances | 262 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ko & Yun LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $17,138 reported compensation |
| Erisa Specialists LLC DBA Benefit P | $6,012 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014060704NAL0003273824001, received 2025-10-14, EIN 02-0743808, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.