# Heritage Commerce Corp 401(k) Plan
Source: https://planprovider.pro/companies/heritage-commerce-corp-401k-plan

> Heritage Commerce Corp's 401(k) plan: 343 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Heritage Commerce Corp

- **Sponsor EIN:** 770469558

- **Sponsor Address:** 224 AIRPORT PARKWAY, SAN JOSE, CA, 95110

- **Plan Type:** 401(k)

- **Total Participants:** 343

- **Total Assets:** $87.1M

## 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|343|$87.1M|$964,359|$3.8M|

| 2023|349|$77.5M|$948,289|$3.7M|

| 2022|326|$65.8M|$941,970|$3.6M|

## 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|

| CBIZ INVESTMENT ADVISORY SERVICES L|INVESTMENT ADVISOR|$55,866|—|$55,866|

| CAPITAL GROUP RETIREMENT PLAN SVCS.|RECORDKEEPER|$37,461|—|$37,461|

| CROWE LLP|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $93,327

- **Estimated Expense Ratio:** 0.107% 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|$89,801|—|—|—|—|

| 2023|$83,382|—|—|—|—|

| 2022|$84,167|—|$84,167|—|—|

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