Plan Snapshot
- Plan Sponsor: Banc Of California, INC.
- Sponsor EIN: 043639825
- Sponsor Address: 3 MACARTHUR PLACE, SANTA ANA, CA, 92707
- Plan Type: 401(k)
- Total Participants: 1,945
- Total Assets: $327.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,945 | $327.3M | $9.0M | $20.3M |
| 2023 | 677 | $341.0M | $2.9M | $5.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $240,140 | — | $240,140 |
| ACTUARIAL BENEFITS CORPORATION | Recordkeeper | $48,193 | $24,214 | $72,407 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $57,888 | — | $57,888 |
| BANC OF CALIFORNIA | Other Service Provider | $40,227 | — | $40,227 |
| UBS FINANCIAL SERVICES INC | Investment Advisor | $37,500 | — | $37,500 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $9,617 | — | $9,617 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — Investment Advisor
- UBS FINANCIAL SERVICES INC — Investment Advisor
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $457,779
- Estimated Expense Ratio: 0.140% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $424,180 | $86,002 | $288,333 | — | — |
| 2023 | $189,747 | — | $189,747 | — | — |