Luther Burbank Corporation 401(K) Plan — Form 5500 plan (Luther Burbank Corporation)
Plain-English plan 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, Luther Burbank Corporation 401(K) Plan is a benefit plan reported by Luther Burbank Corporation under EIN 94-2906968 and plan number 001. The latest loaded filing year is 2023. The filing reports 343 participants and $32,258,296 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Luther Burbank Corporation
- EIN
- 94-2906968
- Plan number
- 001
- Plan type
- 2
- Location
- Santa Rosa, CA
- Latest filing year
- 2023
- Participants
- 343
- End-of-year plan assets
- $32,258,296
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 343 | H, C | 20241011141429NAL0012580131001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $32,258,296
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $32,258,296
- Net assets (BOY)
- $29,858,363
Income & contributions
- Employer contributions
- $886,857
- Participant contributions
- $2,028,299
- Total contributions
- $2,973,760
- Total income / additions
- $7,907,522
Expenses & distributions
- Benefits paid
- $5,399,169
- Administrative expenses
- $108,420
- Total expenses
- $5,507,589
- Net increase / (decrease)
- $2,399,933
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $108,419 | $0 | 2023 |
| Resources Investment Advisors Inc | INVESTMENT ADVISORY | $0 | $72,541 | 2023 |
| Morningstar Investment Management L | INV ADV, PARTICIPANTS | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Luther Burbank Corporation
- 2023 Form 5500 filing
- Form 5500 filings in CA
- 401(k) and benefit plan filings in Santa Rosa, CA
- Principal Life Insurance Company — Schedule C compensation
- Resources Investment Advisors Inc — Schedule C compensation
- Morningstar Investment Management L — Schedule C compensation