Plan Snapshot
- Plan Sponsor: Shinhan Bank America
- Sponsor EIN: 133581762
- Sponsor Address: 475 PARK AVENUE SOUTH, NEW YORK, NY, 10016
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $22.7M
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 | 217 | $22.7M | $848,594 | $1.9M |
| 2023 | 335 | $19.1M | $690,050 | $1.5M |
| 2022 | 214 | $14.7M | $642,492 | $1.3M |
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 |
|---|---|---|---|---|
| NATIONWIDE | NONE | $38,932 | — | $38,932 |
| INVISTA ADVISORS | NONE | $32,984 | — | $32,984 |
| SNOWDEN CAPITAL ADVISORS LLC | NONE | $21,981 | — | $21,981 |
| KLICHS LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NATIONWIDE — NONE
- INVISTA ADVISORS — NONE
- KLICHS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $93,897
- Estimated Expense Ratio: 0.414% 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 | $58,738 | — | — | — | — |
| 2023 | $90,759 | — | — | — | — |
| 2022 | $77,652 | — | $77,652 | — | — |