Retirement plan

BBCN BANK EMPLOYEES' 401(K) AND PROFIT SHARING PLAN

Name: BBCN BANK - BBCN BANK EMPLOYEES' 401(K) AND PROFIT SHARING PLAN (2016) Form 5500
Creator: BBCN BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BBCN BANK EMPLOYEES' 401(K) AND PROFIT SHARING PLAN, BBCN BANK

BBCN BANKEIN 95-3972168Plan #001PY 2016

3200 WILSHIRE BLVD,, 14TH FLOOR - LOS ANGELES, CA 90010213-639-1700bankofhope.comLinkedIn1001-5000 employeesbanking

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$57.3M

-14.6% from 2016

Total participants

1,125

+0.2% from 2016

Average account balance

$55,600

-12.1% from 2016

Annual return

8.94%

-7.35 pp from 2016

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

$252.47M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

1,788

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$19.14M

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

+16.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS2+ years Service code 12 · EIN 13-3689044	Finders' fees / placement fees; Claim...	$90,019
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542810	Advisory (Plan)	$37,500
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 27 · EIN 59-2937883	Advisory (Plan)	$12,500
NATIONAL FINANCIAL SERVICES2+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes3H2F2G2J2K2T3D

Plan features

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$143K

$162 / participant

Investment mgmt$13K8.7%
Other / not subdivided$131K91.3%

% of EOY assets

0.250%

all-in expense ratio

Categories reported

1 / 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: VASQUEZ & COMPANY LLP
Auditor EIN: 330700332
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,600

$71,802-22.6%

$133,975-58.5%

$57,661-3.6%

Participation rate

89.2%

85.5%+3.7pp

87.1%+2.2pp

70.2%+19.0pp

Annual return

8.94%

13.51%-4.6pp

29.29%-20.4pp

5.13%+3.8pp

Employer contribution / active EE

$2,879

$3,161-8.9%

$5,211-44.8%

$1,974+45.9%

Participant deferral / active EE

$5,629

$4,606+22.2%

$6,282-10.4%

$3,061+83.9%

Admin fee / account holder

$139

$88+58.4%

$9,324-98.5%

$95+46.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS2+ years

Service code 12 · EIN 13-3689044

Finders' fees / placement fees; Claim...

$90,019

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542810

Advisory (Plan)

$37,500

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 27 · EIN 59-2937883

Advisory (Plan)

$12,500

NATIONAL FINANCIAL SERVICES2+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

BBCN BANK EMPLOYEES' 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BBCN BANK EMPLOYEES' 401(K) AND 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