Plan Snapshot
- Plan Sponsor: City National Bank
- Sponsor EIN: 951780067
- Sponsor Address: 555 SOUTH FLOWER STREET 18TH FLOOR, LOS ANGELES, CA, 90071
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 8,846
- Total Assets: $2.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 8,846 | $2.0B | $0 | $0 |
| 2024 | 6,547 | $1.7B | $30.4M | $72.2M |
| 2023 | 6,487 | $1.5B | $30.8M | $71.3M |
| 2022 | 6,098 | $1.3B | $56.0M | $62.0M |
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 INSURANCE COMPANY | Other Service Provider | $336,073 | — | $336,073 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $310,301 | — | $310,301 |
| MERCER (US) INC. | Other Service Provider | $79,200 | — | $79,200 |
| CHARLES SCHWAB & CO., INC. | Custodian / Trustee | $12,732 | — | $12,732 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $738,306
- Estimated Expense Ratio: 0.038% 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 |
|---|---|---|---|---|---|
| 2025 | $191,245,654 | $310,301 | — | — | — |
| 2024 | $894,249 | $265,825 | — | — | — |
| 2023 | $594,132 | $78,560 | $30 | — | — |
| 2022 | $641,023 | $46,346 | $593,522 | — | — |