Plan Snapshot
- Plan Sponsor: Royal Business Bank
- Sponsor EIN: 260339713
- Sponsor Address: 1055 WILSHIRE BLVD., LOS ANGELES, CA, 90017
- Plan Type: 401(k)
- Total Participants: 372
- Total Assets: $25.0M
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 | 372 | $25.0M | $826,608 | $2.7M |
| 2023 | 386 | $20.0M | $677,199 | $2.2M |
| 2022 | 414 | $14.8M | $599,126 | $2.0M |
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 |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $37,757 | $21,330 | — | — | — |
| 2023 | $2,388 | — | $2,388 | — | — |
| 2022 | $2,509 | — | $2,509 | — | — |