Employers › Territorial Bancorp › plan 001
Recordkeeping fees per participant · Bank of Hope 401(k) Retirement Plan · plan year 2024
$84.44
Higher than 88% of the 1,697 plans $250M to 1B that report it.
= $150,973 / 1,788
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015110218NAL0002183795002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015110218NAL0002183795002, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Administrative expenses excluding investment management, per participant
$95.83
Higher than 74% of the 2,324 plans $250M to 1B that report it.
= $171,343 / 1,788
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015110218NAL0002183795002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015110218NAL0002183795002, received 2025-10-15
Administrative expenses per participant
$123.79
Higher than 72% of the 2,405 plans $250M to 1B that report it.
= $221,343 / 1,788
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015110218NAL0002183795002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015110218NAL0002183795002, received 2025-10-15
Administrative expenses as a share of assets
0.088%
Higher than 59% of the 2,407 plans $250M to 1B that report it.
= $221,343 / $252,466,138
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015110218NAL0002183795002, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015110218NAL0002183795002, received 2025-10-15
Employer contributions per participant
$3,387
Higher than 55% of the 2,457 plans $250M to 1B that report it.
= $6,055,513 / 1,788
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015110218NAL0002183795002, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015110218NAL0002183795002, received 2025-10-15
Employer share of total contributions
28.3%
Higher than 41% of the 2,459 plans $250M to 1B that report it.
= $6,055,513 / $21,407,804
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015110218NAL0002183795002, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015110218NAL0002183795002, received 2025-10-15
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015110218NAL0002183795002, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BANK OF HOPE | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Plan name | BANK OF HOPE 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Sponsor EIN / plan number | 95-3972168 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Sponsor location | LOS ANGELES, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Participants, beginning of year | 2,040 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Active participants | 1,213 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Participants, end of year | 1,903 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Participants with an account balance | 1,788 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Total assets, beginning of year | $218,506,127 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Total assets, end of year | $252,466,138 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Net assets, end of year | $252,466,138 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Total income | $56,438,860 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Net income | $33,960,011 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Employer contributions | $6,055,513 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Participant contributions | $13,081,660 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Other contributions (incl. rollovers) | $2,270,631 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Total contributions | $21,407,804 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Benefit payments | $22,255,164 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $22,478,849 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Total administrative expenses | $221,343 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Recordkeeping fees | $150,973 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| IQPA audit fees | $20,370 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Investment advisory and management fees | $50,000 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Administrative expenses excluding investment management | $171,343 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Held in mutual funds | $232,844,527 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015110218NAL0002183795002, received 2025-10-15 |
| Independent auditor | VASQUEZ & COMPANY LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015110218NAL0002183795002, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015110218NAL0002183795002, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONSrecordkeeper | RECORD KEEPER | 12 Claims processing; 15 Recordkeeping and information management; 28 Investment management; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 54 Sales loads (front end and deferred); 59 Shareholder servicing fees; 61 Finders fees / placement fees; 62 Float revenue; 63 Distribution (12b-1) fees; 64 Recordkeeping fees; 65 Account maintenance fees | $150,973 | yes |
| RAYMOND JAMES FINANCIAL SERVICES | INVESTMENT ADISORY | 27 Investment advisory (plan); 50 Direct payment from the plan | $50,000 | no |
| VASQUEZ & COMPANY, LLP | AUDITOR | 10 Accounting (including auditing); 50 Direct payment from the plan | $20,370 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015110218NAL0002183795002, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $218,506,127 | $252,466,138 | 15.5% |
| Participants with a balance | 1,895 | 1,788 | -5.6% |
| Administrative expenses | $200,372 | $221,343 | 10.5% |
| Recordkeeping fees per participant | $79.35 | $84.44 | 6.4% |
| Employer contributions | $6,847,551 | $6,055,513 | -11.6% |
Prior filing 20241015120358NAL0016315635004, received 2024-10-15; the plan years are contiguous.