Plan Snapshot
- Plan Sponsor: Community West Bank
- Sponsor EIN: 942589722
- Sponsor Address: 7100 FINANCIAL DRIVE, SUITE 101, FRESNO, CA, 93720
- Plan Type: 401(k)
- Total Participants: 345
- Total Assets: $44.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 345 | $44.5M | $2.2M | $3.2M |
| 2023 | 247 | $33.2M | $1.9M | $2.2M |
| 2022 | 249 | $29.4M | $2.0M | $2.1M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO. OF AM | Recordkeeper | $58,239 | — | $58,239 |
| CARLSON QUINN & ASSOCIATES | Other Service Provider | $600 | $29,847 | $30,447 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,686
- Estimated Expense Ratio: 0.199% 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 | $63,346 | — | — | — | — |
| 2023 | $45,829 | — | — | — | — |
| 2022 | $45,864 | — | $45,864 | — | — |