Retirement plan

F.C.B. 401(K) PLAN

Name: FIRST COMMERCIAL BANK USA - F.C.B. 401(K) PLAN (2016) Form 5500
Creator: FIRST COMMERCIAL BANK USA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, F.C.B. 401(K) PLAN, FIRST COMMERCIAL BANK USA

FIRST COMMERCIAL BANK USAEIN 95-4551814Plan #002PY 2016

200 E. MAIN ST., - ALHAMBRA, CA 91801626-300-6000bankfcb.comLinkedIn51-200 employeesbanking

Prospect flagsLow returnsHigh cash

How to read this page

Total assets (EOY)

$14.3M

+5.6% from 2015

Total participants

153

-1.9% from 2015

Average account balance

$113,120

+6.5% from 2015

Annual return

5.49%

+4.75 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.28M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

163

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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
ALLIED CONSULTANTS, INC2+ years Service code 99 · EIN 95-4171622 14768 PIPELINE AVE · CHINO HILLS, CA 91709	Other Fees	$2,794
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786 OPERATIONS COMPANY · BOSTON, MA 02109	Loan Processing	$269
STRATEGIC ADVISORS, INC.2+ years Filed as: STRATEGIC ADVISORS, INC Service code 27 · EIN 04-2654524	Advisory (Plan)	$77

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$4K

$31 / participant

Investment mgmt$772.2%
Other / not subdivided$3K97.8%

% of EOY assets

0.025%

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: LEUNG ACCOUNTANCY CORPORATION
Auditor EIN: 202016053
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,120

$74,089+52.7%

$133,975-15.6%

$55,167+105.0%

Participation rate

76.5%

84.3%-7.8pp

87.1%-10.5pp

69.0%+7.5pp

Annual return

5.49%

12.11%-6.6pp

29.29%-23.8pp

169.23%-163.7pp

Employer contribution / active EE

$2,041

$3,064-33.4%

$5,211-60.8%

$1,963+4.0%

Participant deferral / active EE

$5,793

$4,678+23.8%

$6,282-7.8%

$3,054+89.7%

Admin fee / account holder

$28

$458-93.9%

$9,324-99.7%

$504-94.5%

Provider

Service type

Compensation

ALLIED CONSULTANTS, INC2+ years

Service code 99 · EIN 95-4171622

14768 PIPELINE AVE · CHINO HILLS, CA 91709

Other Fees

$2,794

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

OPERATIONS COMPANY · BOSTON, MA 02109

Loan Processing

$269

STRATEGIC ADVISORS, INC.2+ years

Filed as: STRATEGIC ADVISORS, INC

Service code 27 · EIN 04-2654524

Advisory (Plan)

$77

F.C.B. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

F.C.B. 401(K) 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