2023 Form 5500 filing — Community West Bancshares & Subsidiaries Employees' 401(K) Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241004160945NAL0006838211001) for Community West Bancshares & Subsidiaries Employees' 401(K) Profit Sharing Plan, reported by Community West Bancshares under EIN 77-0446957 and plan number 001. It reports 197 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$14.7MReported net assets$14,720,993
Participants197
Provider compensation$61K2 Schedule C row(s)$61,046
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241004160945NAL0006838211001
- Plan sponsor
- Community West Bancshares
- EIN
- 77-0446957
- Plan number
- 001
- Location
- Goleta, CA
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$14.7M total assets
Net assets$14.7MLiabilities$0
Full reported line items
- Total assets (EOY)
- $14,720,993
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,720,993
- Employer contributions
- $425,357
- Participant contributions
- $1,191,057
- Total income / additions
- $3,881,917
- Benefits paid
- $1,688,234
- Administrative expenses
- $69,128
- Total expenses
- $1,764,370
- Net increase / (decrease)
- $2,117,547
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $42,735 | $0 |
| Channel Wealth LLC | ADVISOR | $18,311 | not reported in the loaded dataset |