HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN
Plan Contact
- Contact person: DAVID KIM
- Phone: (213) 382-2200
Plan General Information
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Total Retirement Plan Assets
At the end of 2003, the total retirement plan assets of HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is $7,902,836.00.This plan was established in 1989.
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Total Number of Retirement Plan Participants
At the end of 2003, the total number of retirement plan participants in HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is 327
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Average Participant Retirement Account Value
In 2003, the average participant retirement account value for HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is $24,167.00
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Estimated Average Employee Contribution Amount
In 2003, the estimated average employee contribution amount per participant for HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is $5,579.00.
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Estimated Average Employer Match
In 2003, the estimated average employer match for an employee in HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is approximately $1,728.00
Investing in this additonal $1,728.00 for 20 years would give you extra $110,630.00, assuming a 10% annual return.
Investing in this additonal $1,728.00 for 20 years would give you extra $110,630.00, assuming a 10% annual return.
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Total Employer Contribution and Match Rate
In 2003, HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN allocates $565,255.00 to match its employees' contributions, providing an employer match rate of 61.96% of their contributions
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Total Retirement Plan Asset Growth Rate
In 2003, the total retirement plan asset growth rate of HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is 32.34%.
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2003, the estimated aggregate retirement account investment gain/loss for HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is 22.83%. This measures the effectiveness of the plan participants' investments in the year.
HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN Expense Ratio
In 2003, the investment and administrative expense ratio of HANMI BANK 401K SAVINGS & PROFIT SHARING PLAN is 0.01%.
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