Plan Ledger DOL Form 5500 · updated monthly

Community West Bancshares401(k)

COMMUNITY WEST BANCSHARES & SUBSIDIARIES EMPLOYEES' 401(K) PROFIT SHARING PLAN · GOLETA, CA · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

Community West Bancshares reported $69,128 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,038 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 1 year on file its reported administrative ratio rose from 0.48% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other finance & insurance employers. By assets it is the 4,434th-largest of 9,483 plans among California employers on file, and 3,520th of 4,798 in finance & insurance. In 2023, employees put in $2.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,720,993
Participants with balances185
Active participants140
Employer contributions$425,357
Employee contributions$1,191,057
Employer contribution per active participant$3,038
Average account balance$79,573
Benefits paid to participants$1,688,234
Plan auditUnmodified (clean) audit opinion
AuditorBARLETT, PRINGLE & WOLF, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $126K emplr
2023$14.7M · 185 accts · $425K emplr
2022$12.6M · 189 accts · $316K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$36,718
Investment management$18,311
Total administrative$69,128
The Community West Bancshares 401(k) match · 2023
Employer contribution per active participant$3,038
Median for plans this size$2,440
2023$3,038 per active participant
2022$2,359 per active participant

Community West Bancshares's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$42,735
CHANNEL WEALTH LLC · Investment advisory (plan)$18,311

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

Administrative cost history3
2024Not separately reported
2023$69,128 · 0.51%
2022$68,082 · 0.48%
Same employer
Similar plansFinance & Insurance · California
Yapstone Holdings, Inc. CA$15.5M · 0.12%
Ladder Financial Inc. CA$15.5M · 0.03%
Mypoint Credit Union CA$14.9M · 0.48%
Global Benefits Group Inc. CA$14.3M · 0.56%
Velo-Payments Inc. CA$14.3M · 0.13%
Spherecommerce, LLC CA$14.2M · 0.11%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 770446957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.