Plan Snapshot
- Plan Sponsor: Montecito Bank And Trust
- Sponsor EIN: 952900153
- Sponsor Address: 1010 STATE STREET, SANTA BARBARA, CA, 93101
- Plan Type: 401(k)
- Total Participants: 273
- Total Assets: $45.9M
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 | 273 | $45.9M | $1.4M | $2.5M |
| 2023 | 280 | $38.7M | $1.4M | $2.6M |
| 2022 | 274 | $33.9M | $1.1M | $2.2M |
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 |
|---|---|---|---|---|
| CAPFINANCIAL PARTNERS LLC DBA CAPTR | INVESTMENT ADVISOR | $81,955 | — | $81,955 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $65,849 | — | $65,849 |
| MCGOWAN GUNTERMANN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MCGOWAN GUNTERMANN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $147,804
- Estimated Expense Ratio: 0.322% 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 | $147,804 | $81,955 | — | — | — |
| 2023 | $138,420 | $79,568 | — | — | — |
| 2022 | $141,003 | $77,250 | $63,753 | — | — |