Plan Snapshot
- Plan Sponsor: Woori America Bank
- Sponsor EIN: 133192702
- Sponsor Address: 330 FIFTH AVE. 3FL, NEW YORK, NY, 10001
- Plan Type: 401(k)
- Total Participants: 257
- Total Assets: $31.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 257 | $31.8M | $823,346 | $2.1M |
| 2023 | 254 | $25.6M | $750,267 | $1.9M |
| 2022 | 236 | $19.5M | $635,929 | $1.7M |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | RECORDKEEPER | $48,717 | — | $48,717 |
| MORGAN STANLEY | INVESTMENT ADVISOR | $39,470 | — | $39,470 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $19,561 | — | $19,561 |
| WILLIAM KIM CPA LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,748
- Estimated Expense Ratio: 0.339% 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 | $107,748 | $59,031 | — | — | — |
| 2023 | $91,151 | $56,800 | — | — | — |
| 2022 | $88,638 | — | $88,638 | — | — |