Plan Snapshot
- Plan Sponsor: China Merchants Bank
- Sponsor EIN: 980387966
- Sponsor Address: 535 MADISON AVENUE, 18TH FLOOR, NEW YORK, NY, 10022
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 184
- Total Assets: $44.4M
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. |
|---|---|---|---|---|
| 2025 | 184 | $44.4M | $0 | $0 |
| 2024 | 111 | $36.0M | $1.3M | $1.8M |
| 2023 | 108 | $28.1M | $1.5M | $1.6M |
| 2022 | 95 | $21.4M | $1.4M | $1.4M |
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 |
|---|---|---|---|---|
| AMERIPRISE FINANCIAL SERVICES LLC | Other Service Provider | — | $72,595 | $72,595 |
| NATIONWIDE | Other Service Provider | $39,798 | — | $39,798 |
| PROACCOUNT | Investment Advisor | $6,233 | — | $6,233 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $118,626
- Estimated Expense Ratio: 0.267% 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 |
|---|---|---|---|---|---|
| 2025 | $1,751,753 | — | $7,466 | — | — |
| 2024 | $5,801 | — | — | — | — |
| 2023 | $6,055 | — | $6,055 | — | — |
| 2022 | $5,470 | $5,470 | — | — | — |