Hwashin America 401(K) Plan — Form 5500 plan (Hwashin America Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Hwashin America 401(K) Plan is a benefit plan reported by Hwashin America Corporation under EIN 75-3099576 and plan number 001. The latest loaded filing year is 2023. The filing reports 370 participants and $3,202,856 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hwashin America Corporation
- EIN
- 75-3099576
- Plan number
- 001
- Plan type
- 2
- Location
- Greenville, AL
- Latest filing year
- 2023
- Participants
- 370
- End-of-year plan assets
- $3,202,856
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 370 | H, C | 20240909144905NAL0008078784001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $3,202,856
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,202,856
- Net assets (BOY)
- $2,463,220
Income & contributions
- Employer contributions
- $257,809
- Participant contributions
- $379,994
- Total contributions
- $707,803
- Total income / additions
- $1,045,989
Expenses & distributions
- Benefits paid
- $302,720
- Administrative expenses
- $3,633
- Total expenses
- $306,353
- Net increase / (decrease)
- $739,636
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $3,632 | $0 | 2023 |