Plan Ledger DOL Form 5500 · updated monthly

Evertrust Bank401(k)

EVERTRUST BANK 401(K) RETIREMENT PLAN · CITY OF INDUSTRY, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Evertrust Bank reported $51,122 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,950 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 3,908th-largest of 9,483 plans among California employers on file, and 456th of 786 in management of companies. In 2024, employees put in $4.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,984,275
Participants with balances123
Active participants84
Employer contributions$247,776
Employee contributions$1,120,623
Employer contribution per active participant$2,950
Average account balance$146,214
Benefits paid to participants$1,440,573
Plan auditUnmodified (clean) audit opinion
AuditorTHONG YU WONG & LEE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.0M · 123 accts · $248K emplr
2023$15.8M · 128 accts · $253K emplr
2022$12.9M · 126 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,815
Investment management$36,307
Total administrative$51,122
The Evertrust Bank 401(k) match · 2024
Employer contribution per active participant$2,950
Median for plans this size$2,416
2024$2,950 per active participant
2023$3,125 per active participant
2022$2,669 per active participant

Evertrust Bank's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$36,307
ADP, INC. · Loan processing · Recordkeeping$14,815
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,122 · 0.30%
2023$45,104 · 0.31%
2022$46,859 · 0.32%
Similar plansManagement of Companies · California
Shapco Inc. CA$26.4M · 0.30%
Atb Administration LLC CA$23.7M · 0.23%
Ctc Global Corporation CA$19.0M · 0.16%
Mega International, LLC CA$17.5M · 0.90%
Snider Motors Inc CA$16.8M · 0.78%
Potrero Distilling Holdings CA$13.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954500914 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.