401(k) · DOL Form 5500 · 2023

Open Bank 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
206
Participants Below avg headcount
72nd
Percentile by assets National rank
$91,539
Avg per participant Below avg balance/head
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Official DOL plan name: Open Bank Employee's 401(k) Plan · Sponsored by Open Bank · California · Finance & Insurance

$19M in assets, 206 participants

Open Bank's Open Bank Employee's 401(k) Plan reported $19M in total assets and 206 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,126 in Finance & Insurance (8,869 peers)

Coverage in California

Open Bank Employee's 401(k) Plan covers 206 participants in California, about 33% of the average California filer (state average ~630 per filing). Assets: $19M.

#5,126
in Finance & Insurance (8,869 peers)
+23.9%
assets growth YoY

Open Bank Employee's 401(k) Plan's outsized position by total assets

Open Bank Employee's 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$18,857,083 Top 28% higher than 72% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Open Bank Employee's 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Open Bank Employee's 401(k) Plan sits mid-pack in the medium band (206 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Open Bank Employee's 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Open Bank Employee's 401(k) Plan end-of-year assets rose from $15M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Open Bank Employee's 401(k) Plan reported participants rose from 173 in the plan year 2022 filing to 206 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 202274763 · Open Bank PY 2023 · 401(k)

Open Bank Employee's 401(k) Plan · $19M · 206 · 72nd

  • 5500 $19M
  • ASSETS 206
  • PCT 72nd
  • EIN 401(k)
  • RANK near Jasper Wyman & Son Profit Sharing and Savings Plan
  • PHOTO ind #5126

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in California →

Open Bank Employee's 401(k) Plan in the asset neighbourhood

Open Bank Employee's 401(k) PlanOpen Bank Employee's 401(k) …$19MJasper Wyman & Son Profit Sharing and Savings PlanJasper Wyman & Son Profit Sh…$19MCobalt Benefits Group, LLC 401(k) PlanCobalt Benefits Group, LLC 4…$19MFarmers Bank 401(k) Savings PlanFarmers Bank 401(k) Savings …$19MNextier Retirement Savings PlanNextier Retirement Savings P…$19M
End-of-year total assets ($M) among Open Bank Employee's 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$15M
Net Assets (End of Year)$19M
Net Income$4M
Employer EIN202274763
Plan Effective Date2005-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Open Bank)

Sponsor-wide plan assets over time

All Open Bank plans reported in each filing year

Latest sponsor-wide plan assets
$23M 52.470672497232016% vs 2022
2024 filing year
$10M$15M$20M$25M 202220232024 $15.2M $23.2M ▲ +52.4%
Year Plans Participants Total Assets
2022 1 173 $15M
2023 1 206 $19M
2024 1 208 $23M

Nearby 401(k) Plans in California

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Open Bank Employee's 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Open Bank Employee's 401(k) Plan, Total assets ($B): 0.018857083 · Participants: 206Open Bank Employee's 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 51.831350351 · Participants: 193919Wells Fargo & Company 401(k) PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 39.047152408 · Participants: 122867Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 26.320437734 · Participants: 63105Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 22.17918189 · Participants: 59863Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 19.779511539 · Participants: 106111Apple 401(k) Plan
Open Bank Employee's 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Open Bank Employee's 401(k) Plan side-by-side with 3 peers →

Open Bank Employee's 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Jasper Wyman & Son Profit Sharing and Savings Plan in ME ($19M); by covered participants it is Nwsl Retirement Plan in IL (206 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($19M here).

Similar participant headcount

Nearest other-state filings by covered participants (206 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Open Bank Employee's 401(k) Plan assets move in 2023? ▼
Open Bank Employee's 401(k) Plan grew sharply - up 23.9% during 2023, from $15M to $19M. Reported net income was $4M.
How have Open Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Open Bank's sponsor-wide assets grew 52.5%, from $15M to $23M.
Which 401(k) plans are similar in size to Open Bank Employee's 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Jasper Wyman & Son Profit Sharing and Savings Plan in ME ($19M, 226 participants).
Which 401(k) plans cover a similar participant headcount to Open Bank Employee's 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Nwsl Retirement Plan in IL (206 participants, $152K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 202274763.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.