# Shinhan Bank America 401(k) Plan
Source: https://planprovider.pro/companies/shinhan-bank-america-401k-plan

> Shinhan Bank America's 401(k) plan: 217 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/nationwide-mutual-insurance-company) — NONE

- [INVISTA ADVISORS](https://planprovider.pro/provider/invista-advisors) — NONE

- [KLICHS LLP](https://planprovider.pro/provider/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|—|—|

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