Plan Snapshot
- Plan Sponsor: Malaga Bank
- Sponsor EIN: 330011033
- Sponsor Address: 2514 VIA TEJON, PALOS VERDES ESTATES, CA, 90274
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $20.9M
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. |
|---|
| 2025 | 100 | $20.9M | $295,665 | $543,509 |
| 2024 | 75 | $18.7M | $292,801 | $541,711 |
| 2023 | 71 | $15.2M | $319,642 | $536,082 |
| 2022 | 77 | $12.0M | $332,738 | $528,975 |