Sunwest Bank 401(K) Profit Sharing Plan — Form 5500 plan (Sunwest Bank)
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, Sunwest Bank 401(K) Profit Sharing Plan is a benefit plan reported by Sunwest Bank under EIN 95-2630202 and plan number 001. The latest loaded filing year is 2023. The filing reports 325 participants and $17,925,411 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Sunwest Bank
- EIN
- 95-2630202
- Plan number
- 001
- Plan type
- 2
- Location
- Irvine, CA
- Latest filing year
- 2023
- Participants
- 325
- End-of-year plan assets
- $17,925,411
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 325 | H, C | 20241015144505NAL0016658771001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $17,925,411
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $17,925,411
- Net assets (BOY)
- $13,828,023
Income & contributions
- Employer contributions
- $1,113,118
- Participant contributions
- $2,192,088
- Total contributions
- $4,050,215
- Total income / additions
- $6,285,189
Expenses & distributions
- Benefits paid
- $2,120,666
- Administrative expenses
- $66,013
- Total expenses
- $2,187,801
- Net increase / (decrease)
- $4,097,388
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Burnham Gibson Wealth Advisors, Inc | INVESTMENT ADVISORY | $50,480 | not reported in the loaded dataset | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $9,944 | $0 | 2023 |
| Adp, Inc. | RECORDKEEPER | $5,589 | not reported in the loaded dataset | 2023 |