Hyundai America Technical Center, Inc. 401(k) Review & Grade
Hyundai 401(k) Plan
Superior Township, MIManufacturing646 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,990Employer $ per active participant
$10,836Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$108.1MNet plan assets, end of year
$145,106Average balance per account
Score breakdown
- Employer generosity31.5 / 5063th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 73th |
| Employee saving | 92th |
| 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
- Hyundai America Technical Center put in about $2,990 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,933,017 |
| Participant (employee) contributions | $7,005,245 |
| Other contributions (incl. rollovers in) | $5,619,241 |
| Administrative expenses paid from the plan | $105,561 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $70,000 |
| Benefits paid out | $11,955,756 |
| Net assets, start / end of year | $91.4M / $108.1M |
| Active participants, start / end of year | 592 / 701 |
| Participants with account balances | 745 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Merrill Lynch | $70,000 reported compensation |
| Fidelity Investments Institutional | $19,161 reported compensation |
| Uhy LLP | $16,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001081257NAL0012330241001, received 2025-10-01, EIN 38-2670894, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.