SK Battery America, Inc. 401(k) Review & Grade
SK Battery America, Inc. 401(k) Plan
Commerce, GAManufacturing2,176 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,271Employer $ per active participant
$1,889Employee $ saved per active participant
2.43%Direct admin cost, % of plan assets
$16.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 1th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- SK Battery America put in about $1,271 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 (2.43% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,766,346 |
| Participant (employee) contributions | $4,112,319 |
| Other contributions (incl. rollovers in) | $989,067 |
| Administrative expenses paid from the plan | $332,096 |
| Contract administrator fees | $305,593 |
| Investment advisory & management fees | $26,503 |
| Benefits paid out | $3,174,615 |
| Net assets, start / end of year | $10.6M / $16.7M |
| Active participants, start / end of year | 2,645 / 1,708 |
| Participants with account balances | 852 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Klichs, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $305,593 reported compensation |
| Morgan Stanley Global Ba | $26,516 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260122124157NAL0002355731001, received 2026-01-22, EIN 83-2897764, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.