Plan Snapshot
- Plan Sponsor: Bank Of Hope
- Sponsor EIN: 953972168
- Sponsor Address: 3200 WILSHIRE BLVD., LOS ANGELES, CA, 90010
- Plan Type: 401(k)
- Total Participants: 1,213
- Total Assets: $252.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,213 | $252.5M | $6.1M | $13.1M |
| 2023 | 1,246 | $218.5M | $6.8M | $13.8M |
| 2022 | 1,472 | $179.2M | $5.9M | $13.0M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORD KEEPER | $150,973 | — | $150,973 |
| RAYMOND JAMES FINANCIAL SERVICES | INVESTMENT ADISORY | $50,000 | — | $50,000 |
| VASQUEZ & COMPANY, LLP | AUDITOR | $20,370 | — | $20,370 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORD KEEPER
- RAYMOND JAMES FINANCIAL SERVICES — INVESTMENT ADISORY
- VASQUEZ & COMPANY, LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $221,343
- Estimated Expense Ratio: 0.088% 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 | $221,343 | $50,000 | — | $20,370 | — |
| 2023 | $200,372 | $50,000 | — | — | — |
| 2022 | $201,880 | $50,000 | — | — | $8,125 |