The Korea Times Los Angeles, Inc 401(K) Savings Plan — Form 5500 plan (The Korea Times Los Angeles, Inc)
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, The Korea Times Los Angeles, Inc 401(K) Savings Plan is a benefit plan reported by The Korea Times Los Angeles, Inc under EIN 95-3675935 and plan number 002. The latest loaded filing year is 2023. The filing reports 156 participants and $10,135,795 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$10.1MPlan net assets, end of year$10,135,795
Participants156Covered participants reported
Assets / participant$65KComputed: assets ÷ participants$64,973 (computed)
Provider compensation$29.3K3 Schedule C provider row(s)$29,347
- Plan sponsor
- The Korea Times Los Angeles, Inc
- EIN
- 95-3675935
- Plan number
- 002
- Plan type
- 2
- Location
- Los Angeles, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 156 | H, C | 20241013092631NAL0013966435001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$10.1M total assets
Net assets$10.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $10,135,795
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,135,795
- Net assets (BOY)
- $9,910,955
Income & contributions
- Participant contributions
- $237,691
- Total contributions
- $237,691
- Total income / additions
- $1,788,873
Expenses & distributions
- Benefits paid
- $1,518,376
- Administrative expenses
- $29,347
- Total expenses
- $1,564,033
- Net increase / (decrease)
- $224,840
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets15%Computed ratio
Benefits paid ÷ total income85%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lucas, Horsfall, Murphy & Pindroh, | ACCOUNTANT | $15,000 | $0 | 2023 |
| Adp, Inc. | RECORD KEEPER | $14,347 | $0 | 2023 |
| Adp Broker-Dealer | RECORD KEEPER | $0 | $0 | 2023 |