# Joongangilbo Usa INC. 401(k) Plan
Source: https://planprovider.pro/companies/joongangilbo-usa-inc-401k-plan

> Joongangilbo Usa INC.'s 401(k) plan: 61 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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