401(k) · DOL Form 5500 · 2023

Luther Burbank Corporation 401(k) Plan

Data updated 2026-08-25

$32M
Total assets Below avg plan size
237
Participants Below avg headcount
80th
Percentile by assets National rank
$136,111
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Luther Burbank Corporation 401(k) Plan · Sponsored by Luther Burbank Corporation · California · Finance & Insurance

$32M in assets, 237 participants

Luther Burbank Corporation's Luther Burbank Corporation 401(k) Plan reported $32M in total assets and 237 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,187 in Finance & Insurance (8,869 peers)

Coverage in California

Luther Burbank Corporation 401(k) Plan covers 237 participants in California, about 38% of the average California filer (state average ~630 per filing). Assets: $32M.

#6,187
in Finance & Insurance (8,869 peers)
+8.0%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Luther Burbank Corporation 401(k) Plan's outsized position by total assets

Luther Burbank Corporation 401(k) Plan vs every filed plan by assets

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

$32,258,296 Top 20% higher than 80% 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

Luther Burbank Corporation 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. Luther Burbank Corporation 401(k) Plan sits mid-pack in the medium band (237 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Luther Burbank Corporation 401(k) Plan reported net income rose from -$4M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Luther Burbank Corporation 401(k) Plan reported participants fell from 261 in the plan year 2022 filing to 237 in the plan year 2023 filing.
  • Luther Burbank Corporation 401(k) Plan end-of-year assets rose from $30M in the plan year 2022 filing to $32M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 942906968 · Luther Burbank Corporation PY 2023 · 401(k)

Luther Burbank Corporation 401(k) Plan · $32M · 237 · 80th

  • SCH $32M
  • EBSA 237
  • PART 80th
  • TYPE 401(k)
  • NET near Un1f1ed2 Global Packaging Group 401(k) Profit Sharing Plan and Trust
  • BOOK ind #6187

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 →

Luther Burbank Corporation 401(k) Plan in the asset neighbourhood

Luther Burbank Corporation 401(k) PlanLuther Burbank Corporation 4…$32MUn1f1ed2 Global Packaging Group 401(k) Profit Sharing Plan and TrustUn1f1ed2 Global Packaging Gr…$32MInnovex Downhole Solutions 401(k) PlanInnovex Downhole Solutions 4…$32MReservoir Operations, L.P. 401(k) PlanReservoir Operations, L.P. 4…$32MHeritage Plastics, Inc. 401(k) PlanHeritage Plastics, Inc. 401(…$32M
End-of-year total assets ($M) among Luther Burbank Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$30M
Net Assets (End of Year)$32M
Net Income$2M
Employer EIN942906968
Plan Effective Date1997-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Luther Burbank Corporation)

Sponsor-wide plan assets over time

All Luther Burbank Corporation plans reported in each filing year

Latest sponsor-wide plan assets
N/A
2024 filing year
$0M$10M$20M$30M$40M 202220232024 $29.9M $0M ▼ -100.0%
Year Plans Participants Total Assets
2022 1 261 $30M
2023 1 237 $32M
2024 1 7 N/A

Nearby 401(k) Plans in California

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

Luther Burbank Corporation 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Luther Burbank Corporation 401(k) Plan, Total assets ($B): 0.032258296 · Participants: 237Luther Burbank Corporation 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
Luther Burbank Corporation 401(k) Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Luther Burbank Corporation 401(k) Plan side-by-side with 3 peers →

Luther Burbank Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Un1f1ed2 Global Packaging Group 401(k) Profit Sharing Plan and Trust in MA ($32M); by covered participants it is Precision Document Solutions, Inc. 401(k) Plan in TX (237 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (237 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 Luther Burbank Corporation 401(k) Plan assets move in 2023? ▼
Luther Burbank Corporation 401(k) Plan grew at a solid clip - up 8.0% during 2023, from $30M to $32M. Reported net income was $2M.
Where does Luther Burbank Corporation 401(k) Plan rank by assets among Form 5500 filers? ▼
Luther Burbank Corporation 401(k) Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Luther Burbank Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Un1f1ed2 Global Packaging Group 401(k) Profit Sharing Plan and Trust in MA ($32M, 788 participants).
Which 401(k) plans cover a similar participant headcount to Luther Burbank Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Precision Document Solutions, Inc. 401(k) Plan in TX (237 participants, $845K 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 942906968.

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.