Plan Ledger DOL Form 5500 · updated monthly

Royal Business Bank401(k)

ROYAL BUSINESS BANK 401K PROFIT SHARING PLAN AND TRUST · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Royal Business Bank reported $37,757 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,222 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 0.02% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 3,111th-largest of 9,483 plans among California employers on file, and the 4,764th of 11,654 in professional & technical services. In 2024, employees put in $3.22 for every $1.00 the employer contributed; active participation has shrunk from 414 to 372 since 2022.

Plan summary
Net assets, end of year$24,959,484
Participants with balances418
Active participants372
Employer contributions$826,608
Employee contributions$2,659,192
Employer contribution per active participant$2,222
Average account balance$59,712
Benefits paid to participants$1,614,835
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.0M · 418 accts · $827K emplr
2023$20.0M · 413 accts · $677K emplr
2022$14.8M · 382 accts · $599K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,393
Investment management$21,330
Total administrative$37,757
The Royal Business Bank 401(k) match · 2024
Employer contribution per active participant$2,222
Median for plans this size$2,416
2024$2,222 per active participant
2023$1,754 per active participant
2022$1,447 per active participant

Royal Business Bank's 2024 employer contribution ran below the $2,416 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 · 20245
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$16,369
NFP ADVISORS · Consulting · Investment advisory (participants)$21,330
CHARLES SCHWAB & CO., INC. · Custodial · Actuarial$58
MATRIX TRUST COMPANY · Custodial · Custodial (securities)indirect comp
MSCS FS DIV OF BROADRIDGE BPO, LLPindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,757 · 0.17%
2023$2,388 · 0.01%
2022$2,509 · 0.02%
Same employer
Similar plansProfessional & Technical Services · California
Tickets.com. LLC CA$25.0M · 0.16%
Cask Nx LLC CA$24.9M · 0.10%
Ubeo West Region LLC CA$24.9M · 0.48%
Inmarket Media, LLC CA$24.9M · 0.58%
Mercari, Inc. CA$24.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260339713 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.