# Bank Of Hope 401(k) Plan
Source: https://planprovider.pro/companies/bank-of-hope-401k-plan

> Bank Of Hope's 401(k) plan: 1,213 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/transamerica) — RECORD KEEPER

- [RAYMOND JAMES FINANCIAL SERVICES](https://planprovider.pro/provider/raymond-james-financial-inc) — INVESTMENT ADISORY

- [VASQUEZ & COMPANY, LLP](https://planprovider.pro/provider/vasquez-and-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|

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