Plan Snapshot
- Plan Sponsor: Community West Bancshares
- Sponsor EIN: 770446957
- Sponsor Address: 445 PINE AVENUE, GOLETA, CA, 93117
- Plan Type: 401(k)
- Total Participants: 0
- Total Assets: $0
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. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $125,826 | $518,358 |
| 2023 | 140 | $14.7M | $425,357 | $1.2M |
| 2022 | 134 | $12.6M | $316,072 | $1.1M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $85,470 | — | $85,470 |
| CHANNEL WEALTH LLC | ADVISOR | $36,622 | — | $36,622 |
| BARLETT, PRINGLE & WOLF, LLP | Auditor | $18,110 | — | $18,110 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $140,202
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 | $41,131 | $18,533 | — | $18,110 | — |
| 2023 | $69,128 | $18,311 | — | — | — |
| 2022 | $68,082 | — | — | — | — |