Plan Ledger DOL Form 5500 · updated monthly

Kijung Hospitality Group401(k)

KIJUNG HOSPITALITY GROUP 401K PLAN · TORRANCE, CA · plan year 2024

Reported admin expense ratio · 2024
3.16%

Kijung Hospitality Group reported $8,244 in plan administrative expenses for 2024: 3.16% of average plan assets, higher than ~75% of peers. 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 2 years on file its reported administrative ratio rose from 0.28% to 3.16%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in California (9,170th of 9,483), and 1,982nd of 2,240 in accommodation & food services. active participation has grown from 309 to 520 since 2022.

Plan summary
Net assets, end of year$346,404
Participants with balances277
Active participants520
Employer contributions—
Employee contributions$150,555
Employer contribution per active participant—
Average account balance$1,251
Benefits paid to participants$46,276
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$346K · 277 accts
2023$175K · 315 accts
2022$52K · 10 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,086
Investment management$1,158
Total administrative$8,244
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$8,244

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
2023ADP

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Administrative cost history3
2024$8,244 · 3.16%
2023$162 · 0.14%
2022$148 · 0.28%
Similar plansAccommodation & Food Services · California
Momo West LLC CA$436K · 1.79%
Cam-Bas, Inc. CA$392K · 0.57%
Kaizen Dining Group, Inc. CA$344K · 4.49%
Rb Hospitality Inc CA$338K · 2.35%
Prb Management LLC CA$303K · 0.71%
Paligroup Management LLC CA$268K · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461290522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.