Plan Snapshot
- Plan Sponsor: Coway Usa INC.
- Sponsor EIN: 711012437
- Sponsor Address: 4221 WILSHIRE BLVD SUITE 210, LOS ANGELES, CA, 90010
- Plan Type: 401(k)
- Total Participants: 475
- Total Assets: $7.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 475 | $7.7M | $407,906 | $1.5M |
| 2023 | 462 | $5.5M | $376,704 | $1.2M |
| 2022 | 414 | $3.4M | $332,347 | $1.2M |
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 |
|---|---|---|---|---|
| CKP, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $60,840 | — | $60,840 | — | — |
| 2023 | $38,471 | — | $38,471 | — | — |
| 2022 | $27,247 | — | $27,247 | — | — |