# Coway Usa INC. 401(k) Plan
Source: https://planprovider.pro/companies/coway-usa-inc-401k-plan

> Coway Usa INC.'s 401(k) plan: 475 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$51,127|—|$51,127|

| SBHU LIFE AGENCY INC|OTHER SERVICES|—|$18,393|$18,393|

| ORENDA RETIREMENT LLC|CONTRACT ADMINISTRATOR|$9,713|$3,073|$12,786|

| CKP, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SBHU LIFE AGENCY INC](https://planprovider.pro/provider/morgan-stanley) — OTHER SERVICES

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $82,306

- **Estimated Expense Ratio:** 1.065% 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|$60,840|—|$60,840|—|—|

| 2023|$38,471|—|$38,471|—|—|

| 2022|$27,247|—|$27,247|—|—|

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