Plan Snapshot
- Plan Sponsor: Mega International Commercial Bank Co., Ltd.
- Sponsor EIN: 134941055
- Sponsor Address: 65 LIBERTY STREET, NEW YORK, NY, 100051018
- Plan Type: 401(k)
- Total Participants: 156
- Total Assets: $29.0M
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 | 156 | $29.0M | $188,759 | $990,865 |
| 2023 | 177 | $26.4M | $223,554 | $956,645 |
| 2022 | 197 | $24.3M | $212,413 | $969,693 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $52,883 | — | $52,883 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | — | $40,322 | $40,322 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,205
- Estimated Expense Ratio: 0.321% 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 | $52,883 | — | $52,883 | — | — |
| 2023 | $46,268 | — | $46,268 | — | — |
| 2022 | $18,984 | — | $18,984 | — | — |