Plan Snapshot
- Plan Sponsor: Industrial And Commercial Bank Of China (Usa) NA
- Sponsor EIN: 953763643
- Sponsor Address: 202 CANAL STREET, NEW YORK, NY, 10013
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 430
- Total Assets: $62.2M
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. |
|---|---|---|---|---|
| 2025 | 430 | $62.2M | $0 | $0 |
| 2024 | 281 | $55.6M | $1.0M | $2.7M |
| 2023 | 285 | $45.9M | $941,368 | $2.6M |
| 2022 | 290 | $40.4M | $947,790 | $2.7M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $55,186 | — | $55,186 |
| STRATEGIC ADVISERS LLC | Investment Advisor | $10,130 | — | $10,130 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $65,316
- Estimated Expense Ratio: 0.105% 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 |
|---|---|---|---|---|---|
| 2025 | $5,070,779 | $10,130 | — | — | — |
| 2024 | $55,406 | $7,986 | — | — | — |
| 2023 | $57,896 | $7,527 | — | — | — |
| 2022 | $67,654 | $6,970 | — | — | — |