Plan Snapshot
- Plan Sponsor: Hanmi Bank
- Sponsor EIN: 953689695
- Sponsor Address: 3660 WILSHIRE BLVD PH A, LOS ANGELES, CA, 90010
- Plan Type: 401(k)
- Total Participants: 547
- Total Assets: $143.9M
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 | 547 | $143.9M | $3.2M | $6.7M |
| 2023 | 561 | $119.0M | $3.1M | $6.1M |
| 2022 | 589 | $94.6M | $2.8M | $5.6M |
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 |
|---|---|---|---|---|
| LAVINE LOFGREN MORRIS & ENGELBER | 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 | $126,476 | $60,607 | — | — | — |
| 2023 | $127,076 | $36,256 | — | — | — |
| 2022 | $121,470 | — | — | — | — |