401(k) · DOL Form 5500 · 2023

Montecito Bank and Trust 401(k) Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
273
Participants Below avg headcount
83rd
Percentile by assets National rank
$141,776
Avg per participant Near avg balance/head
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Official DOL plan name: Mb&t Salary Saving Plan · Sponsored by Montecito Bank and Trust · California · Finance & Insurance

$39M in assets, 273 participants

Montecito Bank and Trust's Mb&t Salary Saving Plan reported $39M in total assets and 273 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,510 in Finance & Insurance (8,869 peers)

Coverage in California

Mb&t Salary Saving Plan covers 273 participants in California, about 43% of the average California filer (state average ~630 per filing). Assets: $39M.

#6,510
in Finance & Insurance (8,869 peers)
+14.0%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Mb&t Salary Saving Plan's outsized position by total assets

Mb&t Salary Saving Plan vs every filed plan by assets

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

$38,704,968 Top 17% higher than 83% 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

Mb&t Salary Saving 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. Mb&t Salary Saving Plan sits mid-pack in the medium band (273 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mb&t Salary Saving Plan reported net income rose from -$4M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Mb&t Salary Saving Plan end-of-year assets rose from $34M in the plan year 2022 filing to $39M in the plan year 2023 filing.
  • Mb&t Salary Saving Plan reported participants rose from 258 in the plan year 2022 filing to 273 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 952900153 · Montecito Bank and Trust PY 2023 · 401(k)

Mb&t Salary Saving Plan · $39M · 273 · 83rd

  • PCT $39M
  • PCT 273
  • PCT 83rd
  • PCT 401(k)
  • PCT near Wendel 401(k) Plan
  • PCT ind #6510

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 →

Mb&t Salary Saving Plan in the asset neighbourhood

Wendel 401(k) Plan$39MCenter for American Progress Retirement PlanCenter for American Progress…$39MFairlife 401(k) Plan$39MEdelbrock Group 401(k) Retirement PlanEdelbrock Group 401(k) Retir…$39MMb&t Salary Saving Plan$39M
End-of-year total assets ($M) among Mb&t Salary Saving Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

California filing particulars

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$39M
Net Income$5M
Employer EIN952900153
Plan Effective Date2018-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Montecito Bank and Trust)

Sponsor-wide plan assets over time

All Montecito Bank and Trust plans reported in each filing year

Latest sponsor-wide plan assets
$46M 35.1499907729934% vs 2022
2024 filing year
$30M$35M$40M$45M$50M 202220232024 $34M $45.9M ▲ +35.1%
Year Plans Participants Total Assets
2022 1 258 $34M
2023 1 273 $39M
2024 1 279 $46M

Nearby 401(k) Plans in California

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

Mb&t Salary Saving Plan vs. nearby 401(k) plans in California, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000250000 -200204060 Total assets ($B) Participants Mb&t Salary Saving Plan, Total assets ($B): 0.038704968 · Participants: 273Mb&t Salary Saving 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
Mb&t Salary Saving Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Mb&t Salary Saving Plan side-by-side with 3 peers →

Mb&t Salary Saving Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Wendel 401(k) Plan in NY ($39M); by covered participants it is Rx Savings Solutions 401(k) Plan in KS (273 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($39M here).

Similar participant headcount

Nearest other-state filings by covered participants (273 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 Mb&t Salary Saving Plan assets move in 2023? ▼
Mb&t Salary Saving Plan grew at a solid clip - up 14.0% during 2023, from $34M to $39M. Reported net income was $5M.
How have Montecito Bank and Trust plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Montecito Bank and Trust's sponsor-wide assets grew 35.1%, from $34M to $46M.
Where does Mb&t Salary Saving Plan rank by assets among Form 5500 filers? ▼
Mb&t Salary Saving Plan ranks in the 83rd 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 Mb&t Salary Saving Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wendel 401(k) Plan in NY ($39M, 270 participants).
Which 401(k) plans cover a similar participant headcount to Mb&t Salary Saving Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rx Savings Solutions 401(k) Plan in KS (273 participants, N/A 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 952900153.

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.