Plan Snapshot
- Plan Sponsor: Korean Air Lines Company, Ltd
- Sponsor EIN: 952680968
- Sponsor Address: 900 WILSHIRE BLVD SUITE 2900, LOS ANGELES, CA, 90017
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 356
- Total Assets: $568,784
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 356 | $568,784 | $3.8M | $1.2M |
| 2023 | 346 | $684,882 | $3.6M | $1.1M |
| 2022 | 335 | $884,858 | $4.3M | $1.0M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURNACE | Recordkeeper | $413,034 | — | $413,034 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $413,034
- Estimated Expense Ratio: 72.617% 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 | $197,915 | — | $197,868 | — | — |
| 2023 | $190,768 | — | $190,193 | — | — |
| 2022 | $38,130 | — | — | — | $38,130 |