Mega International Commercial Bank 401(k) match, vesting and fees
What Mega International Commercial Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Cbiz Cpas (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 3,409 defined-contribution plans in finance and insurance with 100 to 499 participants.
| Mega International Commercial Bank: employer contribution per participant | $1,388 | |
| Peer median | $2,868 |
| Mega International Commercial Bank: average balance | $213,475 | |
| Peer median | $95,281 |
| Mega International Commercial Bank: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.22% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $28.6M at the end of plan year 2021 to $29M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 212 | $29M | $189K | $1,388 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 237 | $26.4M | $224K | $1,620 | 0.18% | Not published | Form 5500 ↗ |
| 2022 | 261 | $24.3M | $212K | $1,445 | 0.07% | Not published | Form 5500 ↗ |
| 2021 | 280 | $28.6M | $235K | $1,538 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Mega International Commercial Bank match 401(k) contributions?
The match terms for the Mega International Commercial Bank Co., Ltd. 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $189K in employer contributions, about $1,388 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Mega International Commercial Bank 401(k) match vested?
The vesting schedule for the Mega International Commercial Bank Co., Ltd. 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Mega International Commercial Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Mega International Commercial Bank Co., Ltd..
I left Mega International Commercial Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Mega International Commercial Bank Co., Ltd., (212) 815-9161) or the recordkeeper, Principal Life Insurance Company. The Mega International Commercial Bank old 401(k) page lists the contacts from every plan filing. Find an old Mega International Commercial Bank 401(k)
Data from the public Form 5500 annual reports Mega International Commercial Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Mega International Commercial Bank. Not financial advice. Report a correction · Methodology