# Korg Usa INC. 401(k) Plan
Source: https://planprovider.pro/companies/korg-usa-inc-112774209-003

> Korg Usa INC.'s 401(k) plan: 79 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/john-hancock) — 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|—|—|—|—|

## Similar Plans

- [Essilorluxottica Usa INC](https://planprovider.pro/companies/essilorluxottica-usa-inc-401k-plan-001) — 38,884 participants

- [Henry Schein, INC.](https://planprovider.pro/companies/henry-schein-inc-401k-plan-003) — 10,297 participants

- [Canon U.S.A., INC.](https://planprovider.pro/companies/canon-u-s-a-inc-401k-plan) — 6,453 participants

- [Fast Retailing Usa, INC](https://planprovider.pro/companies/fast-retailing-usa-inc-401k-plan) — 5,405 participants

- [Mitsubishi International Corporation](https://planprovider.pro/companies/mitsubishi-international-corporation-401k-plan) — 1,582 participants

- [L & R Distributors, INC.](https://planprovider.pro/companies/l-r-distributors-inc-401k-plan) — 1,147 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/korg-usa-inc-112774209-003)

© 2026 PlanProvider.Pro