Plan Snapshot
- Plan Sponsor: Habib American Bank (Hab Bank)
- Sponsor EIN: 133173929
- Sponsor Address: 150 E. 45TH STREET, NEW YORK, NY, 100173115
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $26.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 169 | $26.2M | $686,900 | $958,434 |
| 2023 | 131 | $24.6M | $673,336 | $863,270 |
| 2022 | 128 | $22.0M | $680,818 | $887,764 |
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 |
|---|---|---|---|---|
| CROWE LLP | 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 | $48,842 | $7,702 | — | — | — |
| 2023 | $97,279 | $52,704 | $403 | — | — |
| 2022 | $95,516 | $53,429 | $40,087 | — | $2,000 |