Hanmi Bank Profit Sharing & 401(K) Savings Plan — Form 5500 plan (Hanmi Bank)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Hanmi Bank Profit Sharing & 401(K) Savings Plan is a benefit plan reported by Hanmi Bank under EIN 95-3689695 and plan number 001. The latest loaded filing year is 2023. The filing reports 935 participants and $118,995,846 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Hanmi Bank
- EIN
- 95-3689695
- Plan number
- 001
- Plan type
- 2
- Location
- Los Angeles, CA
- Latest filing year
- 2023
- Participants
- 935
- End-of-year plan assets
- $118,995,846
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 935 | H, C | 20240718052944NAL0011492434001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $118,995,846
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $118,995,846
- Net assets (BOY)
- $94,573,373
Income & contributions
- Employer contributions
- $3,083,588
- Participant contributions
- $6,139,177
- Total contributions
- $11,345,551
- Total income / additions
- $33,401,095
Expenses & distributions
- Benefits paid
- $8,842,464
- Administrative expenses
- $127,076
- Total expenses
- $8,978,622
- Net increase / (decrease)
- $24,422,473
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Adp, Inc. | RECORD KEEPER | $77,075 | $0 | 2023 |
| Morgan Stanley Smith Barney | INVESTMENT/FINANCIAL ADVI | $38,500 | $0 | 2023 |
| Lavine, Lofgren, Morris & Engelberg | INVESTMENT/FINANCIAL ADVI | $11,500 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Hanmi Bank
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Los Angeles, CA
- Adp, Inc. — Schedule C compensation
- Morgan Stanley Smith Barney — Schedule C compensation
- Lavine, Lofgren, Morris & Engelberg — Schedule C compensation
- Adp Broker-Dealer — Schedule C compensation