Retirement plan

CITY NATIONAL BANK PROFIT SHARING PLAN

Name: CITY NATIONAL BANK - CITY NATIONAL BANK PROFIT SHARING PLAN (2018) Form 5500
Creator: CITY NATIONAL BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITY NATIONAL BANK PROFIT SHARING PLAN, CITY NATIONAL BANK

CITY NATIONAL BANKEIN 95-1780067Plan #001PY 2018

555 SOUTH FLOWER STREET, 18TH FLOOR - LOS ANGELES, CA 900712300800-773-7100cnb.comLinkedIn1001-5000 employeesbanking

Prospect flagsLow returnsHigh cashCorrective distributions

Top hat statement on fileNQDC

Filed July 12, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$862.2M

-8.8% from 2016

Total participants

6,004

-8.4% from 2016

Average account balance

$145,372

+0.1% from 2016

Annual return

-5.47%

-9.38 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.70B

Not enough data

1 years with asset history on file

Average account balance

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

$199K

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.

8,541

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102.63M

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

+16.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$105

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 8 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO4+ years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15 · EIN 46-5378846	Recordkeeping	$449,826
TD AMERITRADE, INC.4+ years Filed as: TD AMERITRADE Service code 19 · EIN 47-0533629	Securities Custodian	$63,822
RBC GLOBAL ASSET MANAGEMENT4+ years Filed as: CITY NATIONAL BANK Service code 19 · EIN 95-1780067	Securities Custodian	$36,482
MERCER4+ years Service code 27 · EIN 61-0736136	Advisory (Plan)	$11,250
MATRIX TRUST COMPANY3 years Service code 18 · EIN 75-3182674	Trustee (bank, trust company, or simi...	$0
MATRIX TRUST COMPANY1 year Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC Service code 59 · EIN 33-1151291	Shareholder Servicing	$0
TD AMERITRADE, INC.3 years Service code 59	Shareholder Servicing	$0
US BANK4+ years Service code 62 · EIN 41-0255900	Float revenue	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3H

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$600K

$123 / participant

Investment mgmt$21K3.6%
Other / not subdivided$579K96.4%

% of EOY assets

0.070%

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: MOSS ADAMS LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,372

$82,546+76.1%

$140,019+3.8%

$75,289+93.1%

Participation rate

98.5%

88.4%+10.2pp

87.5%+11.0pp

72.4%+26.1pp

Annual return

-5.47%

-0.36%-5.1pp

651.19%-656.7pp

-0.04%-5.4pp

Employer contribution / active EE

$8,495

$3,856+120.3%

$5,605+51.6%

$2,405+253.2%

Participant deferral / active EE

$7,979

$5,731+39.2%

$6,927+15.2%

$3,739+113.4%

Admin fee / account holder

$101

$86+18.0%

$10,705-99.1%

$102-1.1%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO4+ years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$449,826

TD AMERITRADE, INC.4+ years

Filed as: TD AMERITRADE

Service code 19 · EIN 47-0533629

Securities Custodian

$63,822

RBC GLOBAL ASSET MANAGEMENT4+ years

Filed as: CITY NATIONAL BANK

Service code 19 · EIN 95-1780067

Securities Custodian

$36,482

MERCER4+ years

Service code 27 · EIN 61-0736136

Advisory (Plan)

$11,250

MATRIX TRUST COMPANY3 years

Service code 18 · EIN 75-3182674

Trustee (bank, trust company, or simi...

MATRIX TRUST COMPANY1 year

Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC

Service code 59 · EIN 33-1151291

Shareholder Servicing

TD AMERITRADE, INC.3 years

Service code 59

Shareholder Servicing

US BANK4+ years

Service code 62 · EIN 41-0255900

Float revenue

CITY NATIONAL BANK PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITY NATIONAL BANK PROFIT SHARING 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