Plan Snapshot
- Plan Sponsor: Evertrust Bank
- Sponsor EIN: 954500914
- Sponsor Address: 13191 CROSSROADS PKWY NORTH, CITY OF INDUSTRY, CA, 91746
- Plan Type: 401(k)
- Total Participants: 84
- Total Assets: $18.0M
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 | 84 | $18.0M | $247,776 | $1.1M |
| 2023 | 81 | $15.8M | $253,119 | $997,090 |
| 2022 | 88 | $12.9M | $234,837 | $941,406 |
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 |
|---|---|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $36,307 | $4,628 | $40,935 |
| ADP, INC. | RECORD KEEPER | $14,815 | — | $14,815 |
| THONG YU WONG & LEE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- THONG YU WONG & LEE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,750
- Estimated Expense Ratio: 0.310% 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 | $51,122 | $36,307 | — | — | — |
| 2023 | $45,104 | $31,227 | — | — | — |
| 2022 | $46,859 | — | — | — | — |