Plan Snapshot
- Plan Sponsor: Korean Air Lines Co., Ltd
- Sponsor EIN: 956885942
- Sponsor Address: 900 WILSHIRE BLVD, LOS ANGELES, CA, 90017
- Plan Type: 401(k)
- Total Participants: 287
- Total Assets: $61.3M
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 | 287 | $61.3M | $781,278 | $2.4M |
| 2023 | 278 | $52.7M | $783,019 | $2.1M |
| 2022 | 276 | $42.7M | $711,681 | $1.9M |
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 |
|---|---|---|---|---|
| KLICHS LLP | Auditor | $18,671 | — | $18,671 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KLICHS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,671
- Estimated Expense Ratio: 0.030% 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 | $120,101 | $67,418 | — | $18,671 | — |
| 2023 | $115,094 | $80,758 | — | — | — |
| 2022 | $114,008 | — | — | — | — |