Retirement plan

BANK OF SOUTHERN CALIFORNIA NA 401(K) PROFIT SHARING PLAN

Name: BANK OF SOUTHERN CALIFORNIA NA - BANK OF SOUTHERN CALIFORNIA NA 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BANK OF SOUTHERN CALIFORNIA NA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BANK OF SOUTHERN CALIFORNIA NA 401(K) PROFIT SHARING PLAN, BANK OF SOUTHERN CALIFORNIA NA

BANK OF SOUTHERN CALIFORNIA NAEIN 33-0956417Plan #002PY 2020

12265 EL CAMINO REAL, SUITE 100 - SAN DIEGO, CA 92130858-847-4780californiabankofcommerce.comLinkedIn201-500 employeesbanking

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.6M

+52.8% from 2019

Total participants

186

+35.8% from 2019

Average account balance

$86,835

+16.3% from 2019

Annual return

54.24%

+27.37 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.20M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

231

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PENSION ASSURANCE LLP1 year Filed as: PENSION ASSURANCE Service code 10 · EIN 30-0840934	Accounting	$8,299
ZEPEDA FINANCIAL PARTNERS1 year Service code 16 4275 EXECUTIVE SQ · LA JOLLA, CA 92037	Consulting	$2,701
HICKS PENSION SERVICES2 years Service code 16 · EIN 77-0155091	Consulting	$2,175

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$15K

$97 / participant

Investment mgmt$3K18.3%
Other / not subdivided$12K81.7%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,835

$136,307-36.3%

$177,848-51.2%

$73,497+18.1%

Participation rate

66.0%

86.1%-20.1pp

87.7%-21.7pp

70.7%-4.7pp

Annual return

54.24%

18.68%+35.6pp

48.33%+5.9pp

28.51%+25.7pp

Employer contribution / active EE

$2,221

$3,712-40.2%

$5,919-62.5%

$2,270-2.2%

Participant deferral / active EE

$5,082

$5,829-12.8%

$7,714-34.1%

$3,740+35.9%

Admin fee / account holder

$110

$596-81.5%

$12,431-99.1%

$513-78.5%

Provider

Service type

Compensation

PENSION ASSURANCE LLP1 year

Filed as: PENSION ASSURANCE

Service code 10 · EIN 30-0840934

Accounting

$8,299

ZEPEDA FINANCIAL PARTNERS1 year

Service code 16

4275 EXECUTIVE SQ · LA JOLLA, CA 92037

Consulting

$2,701

HICKS PENSION SERVICES2 years

Service code 16 · EIN 77-0155091

Consulting

$2,175

BANK OF SOUTHERN CALIFORNIA NA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BANK OF SOUTHERN CALIFORNIA NA 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