Plan Snapshot
- Plan Sponsor: Wang Globalnet
- Sponsor EIN: 954191539
- Sponsor Address: 2465 FRUITLAND AVENUE, VERNON, CA, 90058
- Plan Type: 401(k)
- Total Participants: 185
- Total Assets: $5.6M
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 | 185 | $5.6M | $254,944 | $594,865 |
| 2023 | 172 | $4.4M | $225,356 | $476,156 |
| 2022 | 158 | $3.5M | $205,935 | $452,619 |
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 |
|---|---|---|---|---|
| KIM & LEE LLP | Auditor | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,000
- Estimated Expense Ratio: 0.178% 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 | $12,487 | $1,519 | $968 | $10,000 | — |
| 2023 | $2,010 | — | $2,010 | — | — |
| 2022 | $8,541 | — | $8,541 | — | — |