Plan Snapshot
- Plan Sponsor: America Chung Nam, LLC.
- Sponsor EIN: 330398523
- Sponsor Address: 1163 FAIRWAY DRIVE, CITY OF INDUSTRY, CA, 91789
- Plan Type: 401(k)
- Total Participants: 36
- Total Assets: $12.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 36 | $12.5M | $48,997 | $459,782 |
| 2023 | 45 | $12.2M | $56,070 | $465,232 |
| 2022 | 48 | $10.9M | $66,104 | $516,629 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CALIFORNIA BENEFIT PLANNERS | CONTRACT ADMINISTRATOR | $21,961 | $5 | $21,966 |
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $19,126 | — | $19,126 |
| RPA FINANCIAL LLC | INVESTMENT AD VISORY | $1,271 | $5,964 | $7,235 |
| THONG YU WONG & LEE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THONG YU WONG & LEE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,327
- Estimated Expense Ratio: 0.388% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $42,361 | — | $42,361 | — | — |
| 2023 | $41,266 | — | $41,266 | — | — |
| 2022 | $45,638 | $20,929 | $24,709 | — | — |