Plan Ledger DOL Form 5500 · updated monthly

City National Bank401(k) + ESOP (KSOP)

CITY NATIONAL BANK PROFIT SHARING PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.06%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

City National Bank reported $894,249 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $4,648 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.05% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 82nd-largest of 9,483 plans among California employers on file, and the 112th of 4,798 in finance & insurance. In 2024, employees put in $2.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,701,725,220
Participants with balances8,541
Active participants6,547
Employer contributions$30,428,820
Employee contributions$72,199,761
Employer contribution per active participant$4,648
Average account balance$199,242
Benefits paid to participants$165,589,518
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.7B · 8,541 accts · $30.4M emplr
2023$1.5B · 8,453 accts · $30.8M emplr
2022$1.3B · 7,976 accts · $56.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$628,924
Investment management$265,825
Total administrative$894,249
The City National Bank 401(k) match · 2024
Employer contribution per active participant$4,648
Median for plans this size$5,259
2024$4,648 per active participant
2023$4,744 per active participant
2022$9,182 per active participant

City National Bank's 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$207,685
MERCER (US) INC · Investment advisory (plan)$78,030
CHARLES SCHWAB & CO., INC. · Investment advisory (participants) · Securities brokerage$10,125

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$894,249 · 0.06%
2023$594,132 · 0.04%
2022$641,023 · 0.05%
Same employer
Similar plansFinance & Insurance · California
Franklin Resources, Inc. CA$3.6B · 0.02%
Experian, Inc. CA$1.7B · 0.03%
Vision Service Plan CA$1.5B · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 951780067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.