Plan Ledger DOL Form 5500 · updated monthly

Pacific Premier Bank401(k)

PACIFIC PREMIER BANK 401(K) PLAN · IRVINE, CA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Pacific Premier Bank reported $495,882 in plan administrative expenses for 2024: 0.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,901 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 fell from 0.43% to 0.40%. 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 803rd-largest of 9,483 plans among California employers on file, and the 806th of 4,798 in finance & insurance. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$131,539,855
Participants with balances1,674
Active participants1,251
Employer contributions$4,879,625
Employee contributions$10,000,162
Employer contribution per active participant$3,901
Average account balance$78,578
Benefits paid to participants$14,314,508
Plan auditUnmodified (clean) audit opinion
AuditorLBMC PC
Plan history3
Yearassets · accounts · employer contribution
2024$131.5M · 1,674 accts · $4.9M emplr
2023$114.7M · 1,975 accts · $4.8M emplr
2022$99.0M · 1,939 accts · $5.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$412,643
Investment management$78,639
Total administrative$495,882
The Pacific Premier Bank 401(k) match · 2024
Employer contribution per active participant$3,901
Median for plans this size$3,635
2024$3,901 per active participant
2023$3,833 per active participant
2022$3,798 per active participant

Pacific Premier Bank'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 · 20246
401K SAFE 3(16), LLC$41,912
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$23,267
PLAN DESIGN CONSULTANTS, INC.$13,280
OSAIC FA, INC.indirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)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$495,882 · 0.40%
2023$470,561 · 0.44%
2022$439,429 · 0.43%
Same employer
Similar plansFinance & Insurance · California
Kinecta Federal Credit Union CA$136.1M · 0.12%
Pantheon Freedom, Inc. CA$133.6M · 0.16%
Heffernan Insurance Brokers CA$129.7M · 0.03%
Patelco Credit Union CA$127.7M · 0.34%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 953811107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.