Kia Georgia, Inc. 401(k) Review & Grade
Kia Georgia 401(k) Retirement Savings Plan
West Point, GAManufacturing2,901 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,103Employer $ per active participant
$5,055Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$202.8MNet plan assets, end of year
$61,863Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 21th |
| Employee saving | 37th |
| Peers that auto-enroll | 70% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $27,147 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kia Georgia put in about $4,103 per active participant, more than the typical peer ($3,452). 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.
- Direct plan expenses (0.32% of assets) are well above similar-size plans (0.12%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $11,902,506 |
| Participant (employee) contributions | $14,665,769 |
| Other contributions (incl. rollovers in) | $781,089 |
| Administrative expenses paid from the plan | $601,345 |
| Investment advisory & management fees | $322,762 |
| Other admin expenses | $300 |
| Benefits paid out | $15,493,095 |
| Net assets, start / end of year | $168.3M / $202.8M |
| Active participants, start / end of year | 2,866 / 2,936 |
| Participants with account balances | 3,278 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bennett Thrasher |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $254,133 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $241,732 reported compensation |
| Empower Advisory Group, LLC | $81,030 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007162038NAL0004839969001, received 2025-10-07, EIN 20-5762938, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.