Retirement plan

CENTRAL VALLEY COMMUNITY BANK RETIREMENT PLAN

Name: CENTRAL VALLEY COMMUNITY BANK - CENTRAL VALLEY COMMUNITY BANK RETIREMENT PLAN (2016) Form 5500
Creator: CENTRAL VALLEY COMMUNITY BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL VALLEY COMMUNITY BANK RETIREMENT PLAN, CENTRAL VALLEY COMMUNITY BANK

CENTRAL VALLEY COMMUNITY BANKEIN 94-2589722Plan #001PY 2016

7100 FINANCIAL DRIVE, SUITE 101 - FRESNO, CA 93720559-298-1775

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 4, 2018 (most recent of 4 filings on file)

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Total assets (EOY)

$17.6M

+9.4% from 2015

Total participants

335

+6.3% from 2015

Average account balance

$53,245

+3.2% from 2015

Annual return

11.83%

+9.84 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.45M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

430

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.38M

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

+34.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$35,858
SAGEVIEW ADVISORY GROUP, LLC2+ years Filed as: SAGEVIEW ADVISORY GROUP Service code 27	Advisory (Plan)	$29,780
CARLSON QUINN2+ years Filed as: CARLSON, QUINN & ASSOCIATES Service code 13 · EIN 94-3210526	Contract Administrator	$12,530
SAGEVIEW ADVISORY GROUP, LLC2+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$36K

$118 / participant

Other / not subdivided$36K100.0%

% of EOY assets

0.203%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,245

$71,802-25.8%

$133,975-60.3%

$57,658-7.7%

Participation rate

98.7%

85.5%+13.2pp

87.1%+11.6pp

70.2%+28.5pp

Annual return

11.83%

13.51%-1.7pp

29.29%-17.5pp

5.13%+6.7pp

Employer contribution / active EE

$3,234

$3,161+2.3%

$5,211-37.9%

$1,974+63.8%

Participant deferral / active EE

$4,631

$4,606+0.5%

$6,282-26.3%

$3,061+51.3%

Admin fee / account holder

$108

$88+23.6%

$9,324-98.8%

$95+14.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$35,858

SAGEVIEW ADVISORY GROUP, LLC2+ years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 27

Advisory (Plan)

$29,780

CARLSON QUINN2+ years

Filed as: CARLSON, QUINN & ASSOCIATES

Service code 13 · EIN 94-3210526

Contract Administrator

$12,530

SAGEVIEW ADVISORY GROUP, LLC2+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

CENTRAL VALLEY COMMUNITY BANK RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL VALLEY COMMUNITY BANK RETIREMENT PLAN

Top hat statement on fileNQDC

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