# Wang Globalnet 401(k) Plan
Source: https://planprovider.pro/companies/wang-globalnet-401k-plan

> Wang Globalnet's 401(k) plan: 185 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

## Similar Plans

- [Sun-Maid Growers Of California](https://planprovider.pro/companies/sun-maid-growers-of-california-plan-007) — 189 participants

- [Legacy Farms Employment Services](https://planprovider.pro/companies/legacy-farms-employment-services-401k-plan) — 178 participants

- [Good Source Solutions, INC.](https://planprovider.pro/companies/good-source-solutions-inc-401k-plan) — 199 participants

- [Charles Matoian Enterprises, INC](https://planprovider.pro/companies/charles-matoian-enterprises-inc-401k-plan) — 206 participants

- [Rancho Foods INC.](https://planprovider.pro/companies/rancho-foods-inc-401k-plan) — 149 participants

- [Ingardia Bros. Produce, INC.](https://planprovider.pro/companies/ingardia-bros-produce-inc-401k-plan) — 224 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/wang-globalnet-401k-plan)

© 2026 PlanProvider.Pro