Hyosung Holdings Usa, Inc. 401(k) Plan: Login, Facts & Contact Information

Hyosung Holdings Usa, Inc. 401(k) Plan Facts

Plan name
HYOSUNG HOLDINGS USA, INC SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HS HYOSUNG, USA HOLDINGS, INC
Participants
1,825 (1,426 active employees)
Former employees with a balance
454
Plan assets
$65,607,714 at Dec 31, 2024
Average account balance
$44,968 across 1,459 accounts
Employer contributions
$1,935,307 in plan year 2024 (24% of all contributions)
Recordkeeper
Ascensus Llc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2003
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $8.25 million went into the plan in contributions, $1.94 million of it from the employer (24%).
  • $9.58 million was paid out to participants.
  • Investment and other income added $8.14 million.
  • Administrative expenses were $72,357, about $50 per account.

How the Hyosung Holdings Usa, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,247$38.2 million$1.28 million$3.69 million
20201,425$46.6 million$1.47 million$3.26 million
20211,767$55.9 million$1.47 million$4.73 million
20221,660$49.2 million$1.61 million$3.73 million
20231,751$58.9 million$1.80 million$5.99 million
20241,825$65.6 million$1.94 million$9.58 million

Hyosung Holdings Usa, Inc. 401(k) Contact Information

Phone
704-844-0700
Mailing address
15801 BRIXHAM HILL AVENUE STE 575, CHARLOTTE NC 28277
Plan sponsor
HS HYOSUNG, USA HOLDINGS, INC
Employer identification number (EIN)
61-1571366
Plan number
001

Questions about the Hyosung Holdings Usa, Inc. 401(k)

Does Hyosung Holdings Usa, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.94 million, 24% of all contributions.

Does the Hyosung Holdings Usa, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Hyosung Holdings Usa, Inc 401(k) plan?

1,825 participants at the start of plan year 2024, 1,426 of them active employees, and 454 former employees who still had money in the plan.

What is the average 401(k) balance at Hyosung Holdings Usa, Inc?

About $44,968 per account: $65.6 million in plan assets across 1,459 accounts with a balance at the end of plan year 2024.

Who manages the Hyosung Holdings Usa, Inc 401(k) accounts?

Ascensus (listed on the filing as ASCENSUS LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Hyosung Holdings Usa, Inc. How do I access my 401(k)?

Your account stays with Ascensus after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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