Retirement plan

PARTNERS BANK OF CALIFORNIA 401(K) PROFIT SHARING PLAN

Name: PARTNERS BANK OF CALIFORNIA, INC. - PARTNERS BANK OF CALIFORNIA 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: PARTNERS BANK OF CALIFORNIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARTNERS BANK OF CALIFORNIA 401(K) PROFIT SHARING PLAN, PARTNERS BANK OF CALIFORNIA, INC.

PARTNERS BANK OF CALIFORNIA, INC.EIN 20-5875895Plan #001PY 2017

27201 PUERTA REAL, SUITE 160 - MISSION VIEJO, CA 926917359949-732-4012pbofca.comLinkedIn11-50 employeesbanking

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$790K

+57.9% from 2016

Total participants

+15.2% from 2016

Average account balance

$43,898

+40.3% from 2016

Annual return

33.99%

+29.95 pp from 2016

Benchmarks

See 7,573 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,573 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.92M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$95K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

120.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$684K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.74%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1863

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$12K

$378 / participant

Other / not subdivided$12K100.0%

% of EOY assets

1.484%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,898

$100,041-56.1%

$149,718-70.7%

$70,131-37.4%

Participation rate

35.5%

83.6%-48.1pp

87.1%-51.6pp

69.5%-34.1pp

Annual return

33.99%

27.43%+6.6pp

1501.70%-1467.7pp

73.14%-39.2pp

Employer contribution / active EE

$3,662-100.0%

$5,444-100.0%

$2,342-100.0%

Participant deferral / active EE

$3,854

$4,983-22.7%

$6,568-41.3%

$3,332+15.7%

Admin fee / account holder

$652

$8,286-92.1%

$11,283-94.2%

$4,645-86.0%

PARTNERS BANK OF CALIFORNIA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARTNERS BANK OF CALIFORNIA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion