Profit Sharing
2023 plan-year Profit Sharing DOL Form 5500

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC

This Profit Sharing plan holds $280M in total assets and serves 3,738 participants as of 2023. It is sponsored by HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC in Alabama. The plan reported positive net income of $52M for the year.

Total Assets (2023)
$280M
Participants
3,738
State
Industry
Manufacturing

What the Filing Says About HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN

HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN is a Profit Sharing retirement plan sponsored by HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC, headquartered in Alabama. As of the 2023 Form 5500 filing, the plan reports $280M in total end-of-year assets and covers 3,738 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 371426698, and the plan has been effective since 2004-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $228M at the beginning of 2023 to $280M at year-end — a gain of 22.9%. Net assets (after liabilities) closed the year at $280M, with reported net income of $52M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$228M
Total Assets (End of Year)$280M
Net Assets (End of Year)$280M
Net Income$52M
Plan TypeProfit Sharing
Employer EIN371426698
Plan Effective Date2004-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC)

Year Plans Participants Total Assets
2022 1 3,873 $228M
2023 1 3,738 $280M
2024 1 3,904 $325M

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Frequently Asked Questions

How much money is in the HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN?
As of the 2023 Form 5500 filing, HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN holds $280M in total assets with 3,738 participants. It is sponsored by HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC.
What type of plan is HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN?
HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN is a Profit Sharing plan. It has been effective since 2004-05-01. The plan is filed with the U.S. Department of Labor under EIN 371426698.
Who sponsors the HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN?
HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN is sponsored by HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC, located in Alabama. The sponsor's EIN is 371426698 and the plan operates in the Manufacturing industry.
How did HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN perform in 2023?
HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN grew by 22.9% during 2023, moving from $228M to $280M in total assets. Net income was $52M.
Where can I find official filings for HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN?
Official Form 5500 filings for HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 371426698 or plan name at efast.dol.gov.
How does HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN compare to other plans?
You can compare HYUNDAI MOTOR MANUFACTURING ALABAMA, LLC 401(K) PLAN against other Profit Sharing plans on the plan type page, or view plans in Alabama on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 371426698.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.