# Montecito Bank And Trust 401(k) Plan
Source: https://planprovider.pro/companies/montecito-bank-and-trust-401k-plan

> Montecito Bank And Trust's 401(k) plan: 273 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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