Plan Snapshot
- Plan Sponsor: Bank Of Hope
- Sponsor EIN: 953972168
- Sponsor Address: 3200 WILSHIRE BLVD., SUITE 610, LOS ANGELES, CA, 90010
- Plan Type: DC
- Total Participants: 212
- Total Assets: $9.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 212 | $9.1M | $777,297 | $0 |
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 |
|---|---|---|---|---|
| GREATBANC TRUST COMPANY | Other Service Provider | $25,880 | — | $25,880 |
| AMBROSE ESOP ADVISORS, LLC | Other Service Provider | $16,525 | — | $16,525 |
| LPL FINANCIAL | Other Service Provider | $11,250 | — | $11,250 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $53,655
- Estimated Expense Ratio: 0.588% 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 | $96,022 | — | — | — | — |