Plan Ledger DOL Form 5500 · updated monthly

Fremont Bancorporation401(k) + ESOP (KSOP)

FREMONT BANK EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN · FREMONT, CA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Fremont Bancorporation reported $37,497 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,252 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 0.01% to 0.02%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 554th-largest of 9,483 plans among California employers on file, and the 568th of 4,798 in finance & insurance. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$208,679,232
Participants with balances917
Active participants735
Employer contributions$3,124,957
Employee contributions$6,848,785
Employer contribution per active participant$4,252
Average account balance$227,567
Benefits paid to participants$17,426,492
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$208.7M · 917 accts · $3.1M emplr
2023$184.2M · 908 accts · $3.1M emplr
2022$167.7M · 946 accts · $2.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,197
Total administrative$37,497
The Fremont Bancorporation 401(k) match · 2024
Employer contribution per active participant$4,252
Median for plans this size$3,635
2024$4,252 per active participant
2023$4,096 per active participant
2022$3,929 per active participant

Fremont Bancorporation's 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,875
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$37,497 · 0.02%
2023$36,924 · 0.02%
2022$21,826 · 0.01%
Same employer
Similar plansFinance & Insurance · California
Pacwest Bancorp CA$231.3M · 0.10%
Mechanics Bank CA$214.6M · 0.06%
Cu Cooperative Systems, Inc. CA$214.5M · 0.12%
Affirm, Inc. CA$212.4M · 0.02%
Scan Group CA$201.2M · 0.15%
Sofi Technologies CA$192.9M · 0.04%
Cvb Financial Corp. CA$187.3M · 0.09%
Wedbush Securities Inc. CA$182.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941707113 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.