Plan Name | NARA BANK PENSION PLAN |
Plan identification number | 001 |
401k Plan Type | Defined Contribution Pension |
Plan Features/Benefits |
|
Company Name: | NARA BANK |
Employer identification number (EIN): | 954170121 |
NAIC Classification: | 522110 |
NAIC Description: | Commercial Banking |
Additional information about NARA BANK
Jurisdiction of Incorporation: | California Department of State |
Incorporation Date: | 2004-12-13 |
Company Identification Number: | C2711572 |
Legal Registered Office Address: |
3731 Wilshire Blvd., Suite 1000 Los Angeles United States of America (USA) 90010 |
More information about NARA BANK
Plan id# | Filing Submission Date | Name of Administrator | Date Administrator Signed | Name of Company Sponsor | Date Sponsor Signed |
---|---|---|---|---|---|
001 | 2009-01-01 | JUNE REIFEISS | JUNE REIFEISS | 2010-08-11 |
Measure | Date | Value |
---|---|---|
2009: NARA BANK PENSION PLAN 2009 401k membership | ||
Total participants, beginning-of-year | 2009-01-01 | 435 |
Total number of active participants reported on line 7a of the Form 5500 | 2009-01-01 | 346 |
Number of retired or separated participants receiving benefits | 2009-01-01 | 0 |
Number of other retired or separated participants entitled to future benefits | 2009-01-01 | 59 |
Total of all active and inactive participants | 2009-01-01 | 405 |
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits | 2009-01-01 | 0 |
Total participants | 2009-01-01 | 405 |
Number of participants with account balances | 2009-01-01 | 298 |
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested | 2009-01-01 | 0 |
Measure | Date | Value |
---|---|---|
2010 : NARA BANK PENSION PLAN 2010 401k financial data | ||
Total unrealized appreciation/depreciation of assets | 2010-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2010-12-31 | $0 |
Total income from all sources (including contributions) | 2010-12-31 | $2,323,840 |
Total loss/gain on sale of assets | 2010-12-31 | $0 |
Total of all expenses incurred | 2010-12-31 | $830,469 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2010-12-31 | $797,940 |
Expenses. Certain deemed distributions of participant loans | 2010-12-31 | $3,039 |
Value of total corrective distributions | 2010-12-31 | $27,565 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2010-12-31 | $1,062,996 |
Value of total assets at end of year | 2010-12-31 | $11,031,363 |
Value of total assets at beginning of year | 2010-12-31 | $9,537,992 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2010-12-31 | $1,925 |
Total interest from all sources | 2010-12-31 | $18,818 |
Total dividends received (eg from common stock, registered investment company shares) | 2010-12-31 | $213,893 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2010-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2010-12-31 | $213,893 |
Was this plan covered by a fidelity bond | 2010-12-31 | Yes |
Value of fidelity bond cover | 2010-12-31 | $500,000 |
If this is an individual account plan, was there a blackout period | 2010-12-31 | No |
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2010-12-31 | $0 |
Were there any nonexempt tranactions with any party-in-interest | 2010-12-31 | No |
Contributions received from participants | 2010-12-31 | $1,018,388 |
Participant contributions at end of year | 2010-12-31 | $368,779 |
Participant contributions at beginning of year | 2010-12-31 | $339,983 |
Participant contributions at end of year | 2010-12-31 | $29,892 |
Income. Received or receivable in cash from other sources (including rollovers) | 2010-12-31 | $44,608 |
Other income not declared elsewhere | 2010-12-31 | $1,527 |
Administrative expenses (other) incurred | 2010-12-31 | $1,925 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Value of net income/loss | 2010-12-31 | $1,493,371 |
Value of net assets at end of year (total assets less liabilities) | 2010-12-31 | $11,031,363 |
Value of net assets at beginning of year (total assets less liabilities) | 2010-12-31 | $9,537,992 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2010-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2010-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2010-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2010-12-31 | $10,632,692 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2010-12-31 | $9,198,009 |
Interest on participant loans | 2010-12-31 | $18,818 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2010-12-31 | $1,026,606 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2010-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2010-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2010-12-31 | No |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2010-12-31 | $797,940 |
Did the plan have assets held for investment | 2010-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2010-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2010-12-31 | No |
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d) | 2010-12-31 | Yes |
Opinion of an independent qualified public accountant for this plan | 2010-12-31 | Disclaimer |
Accountancy firm name | 2010-12-31 | HOLTHOUSE,CARLIN &VAN TRIGT LLP |
Accountancy firm EIN | 2010-12-31 | 954345526 |
2009 : NARA BANK PENSION PLAN 2009 401k financial data | ||
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities | 2009-12-31 | $0 |
2009: NARA BANK PENSION PLAN 2009 form 5500 responses | ||
---|---|---|
2009-01-01 | Type of plan entity | Single employer plan |
2009-01-01 | Submission has been amended | No |
2009-01-01 | This submission is the final filing | No |
2009-01-01 | This return/report is a short plan year return/report (less than 12 months) | No |
2009-01-01 | Plan is a collectively bargained plan | No |
2009-01-01 | Plan funding arrangement – Trust | Yes |
2009-01-01 | Plan benefit arrangement - Trust | Yes |