Plan Snapshot
- Plan Sponsor: Joongangilbo Usa INC.
- Sponsor EIN: 954839290
- Sponsor Address: 690 WILSHIRE PL, LOS ANGELES, CA, 90005
- Plan Type: 401(k)
- Total Participants: 61
- Total Assets: $10.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 61 | $10.9M | $45,797 | $363,624 |
| 2023 | 66 | $9.4M | $50,047 | $357,219 |
| 2022 | 58 | $7.8M | $47,465 | $368,269 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | NONE | $1,213 | $44,502 | $45,715 |
| KIM AND LEE, LLP | AUDITOR | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,715
- Estimated Expense Ratio: 0.513% 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 | $15,435 | $4,447 | $988 | $10,000 | — |
| 2023 | $4,582 | $3,569 | $1,013 | — | — |
| 2022 | $3,394 | $3,155 | $239 | — | — |