Plan Snapshot
- Plan Sponsor: Korg Usa INC.
- Sponsor EIN: 112774209
- Sponsor Address: 316 S SERVICE RD, MELVILLE, NY, 11747
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 79
- Total Assets: $24.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 79 | $24.8M | $428,228 | $490,603 |
| 2023 | 73 | $23.3M | $454,688 | $534,721 |
| 2022 | 81 | $21.8M | $453,929 | $543,269 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES | Recordkeeper | $58,451 | — | $58,451 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,451
- Estimated Expense Ratio: 0.236% 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 | $59,988 | $58,447 | — | — | — |
| 2023 | $55,140 | $53,255 | — | — | — |
| 2022 | $52,374 | — | — | — | — |