Plan Snapshot
- Plan Sponsor: Cathay General Bancorp
- Sponsor EIN: 954274680
- Sponsor Address: 9650 FLAIR DR., EL MONTE, CA, 91731
- Plan Type: 401(k)
- Total Participants: 1,184
- Total Assets: $259.6M
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 | 1,184 | $259.6M | $4.3M | $10.9M |
| 2023 | 1,183 | $228.9M | $4.4M | $10.4M |
| 2022 | 1,104 | $192.0M | $4.0M | $9.7M |
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 |
|---|---|---|---|---|
| BENEFIT FINANCIAL SERVICE | NONE | $289,728 | — | $289,728 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $36,782 | — | $36,782 |
| FARBER HASS HURLEY LLP | NONE | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BENEFIT FINANCIAL SERVICE — NONE
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- FARBER HASS HURLEY LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $341,510
- Estimated Expense Ratio: 0.132% 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 | $341,660 | $320,659 | $8,000 | $7,000 | — |
| 2023 | $168,937 | $164,262 | $500 | — | — |
| 2022 | $219,724 | $207,027 | — | — | — |