Plan Snapshot
- Plan Sponsor: Commonwealth Business Bank
- Sponsor EIN: 201779617
- Sponsor Address: 3435 WILSHIRE BLVD STE 700, LOS ANGELES, CA, 90010
- Plan Type: 401(k)
- Total Participants: 171
- Total Assets: $20.0M
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 | 171 | $20.0M | $863,493 | $1.8M |
| 2023 | 173 | $18.5M | $859,944 | $1.7M |
| 2022 | 184 | $16.9M | $964,443 | $1.8M |
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 |
|---|---|---|---|---|
| UNITED PLANNERS FNCL SVCS OF AMERIC | INVESTMENT/FINANCIAL ADVI | $33,745 | — | $33,745 |
| ADP, INC. | RECORD KEEPER | $8,637 | — | $8,637 |
| LEE CPA AUDIT GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- LEE CPA AUDIT GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $42,382
- Estimated Expense Ratio: 0.212% 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 | $42,383 | $34,949 | — | — | — |
| 2023 | $82,471 | $43,557 | — | — | — |
| 2022 | $44,237 | — | — | — | — |