# Korean Air Lines Company, Ltd Health & Welfare Plan
Source: https://planprovider.pro/companies/korean-air-lines-company-ltd-952680968-501

> Korean Air Lines Company, Ltd's Health & Welfare plan: 356 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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