Profit Sharing · DOL Form 5500 · 2023

Westamerica Bancorporation Profit Sharing Plan

Data updated 2026-08-11

$33M
Total assets: 606
Participants: 80th
Percentile by assets: $54,030
Avg per participant

Official DOL plan name: Westamerica Bancorporation Tax-Deferred Profit Sharing Plan · Sponsored by Westamerica Bancorporation · California · Finance & Insurance

$33M in assets, 606 participants

Westamerica Bancorporation's Westamerica Bancorporation Tax-Deferred Profit Sharing Plan reported $33M in total assets and 606 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.

80th percentile by assets (of 127,072 plans)
#6,216 in Finance & Insurance (8,869 peers)

Where Westamerica Bancorporation Tax-Deferred Profit Sharing Plan sits by assets

Westamerica Bancorporation Tax-Deferred Profit Sharing Plan sits in the top quartile of all filed plans by assets, $33M for 606 participants (~$54,030/participant), up 15.8% in 2023.

$33M
total plan assets (2023 EOY): 606
covered participants: 80th
percentile by assets (of 127,072 plans): $54,030
avg assets per participant

Westamerica Bancorporation Tax-Deferred Profit Sharing Plan reported net income rose from -$7M in the plan year 2022 filing to $4M in the plan year 2023 filing.
Westamerica Bancorporation Tax-Deferred Profit Sharing Plan end-of-year assets rose from $28M in the plan year 2022 filing to $33M in the plan year 2023 filing.
Westamerica Bancorporation Tax-Deferred Profit Sharing Plan reported participants fell from 662 in the plan year 2022 filing to 606 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

California

Industry

Finance & Insurance

Westamerica Bancorporation Tax-Deferred Profit Sharing Plan vs the 2023 asset distribution

By assets, Westamerica Bancorporation Tax-Deferred Profit Sharing Plan outranks 80% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.3x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$28M
Net Assets (End of Year)	$33M
Net Income	$4M
Employer EIN	942156203
Plan Effective Date	1992-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Westamerica Bancorporation)

Total plan assets by year, all Westamerica Bancorporation plans on file

Year	Plans	Participants	Total Assets
2022	2	1,285	$83M
2023	2	1,174	$94M
2024	2	1,213	$98M

Nearby Profit Sharing Plans in California

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Westamerica Bancorporation Tax-Deferred Profit Sharing Plan vs. nearby Profit Sharing plans in California, assets vs. participants

Intel Retirement Contribution Plan $7.2B · 21,513
Scpmg Keogh Plan $6.8B · 10,125
Motion Picture Industry Individual Account Plan $5.9B · 71,071
Memorialcare Retirement Plan $1.3B · 4,728
Disney Retirement Savings Plan $1.1B · 37,110

Compare Westamerica Bancorporation Tax-Deferred … side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Westamerica Bancorporation Tax-Deferred Profit Sharing Plan by total assets, not by location.

Heritage Christian Services, Inc. Retirement Plan (NY) $33M · 2,941
Rail Group 401(k) & Profit Sharing Plan (WA) $33M · 1,426
Plumbers Local 55 Defined Contribution Retirement Plan (OH) $33M · 704
Artis Naples, Inc. Retirement Plan (FL) $33M · 351

Frequently Asked Questions

How did Westamerica Bancorporation Tax-Deferred Profit Sharing Plan assets move in 2023? ▼

Westamerica Bancorporation Tax-Deferred Profit Sharing Plan grew sharply - up 15.8% during 2023, from $28M to $33M. Reported net income was $4M.

How have Westamerica Bancorporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Westamerica Bancorporation's sponsor-wide assets grew 17.8%, from $83M to $98M.

Where does Westamerica Bancorporation Tax-Deferred Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Westamerica Bancorporation Tax-Deferred Profit Sharing 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 Profit Sharing plans are similar in size to Westamerica Bancorporation Tax-Deferred Profit Sharing Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Heritage Christian Services, Inc. Retirement Plan in NY ($33M, 2,941 participants).

Next read for Westamerica Bancorporation Tax-Deferred …

Scale reading

Ways to act on Westamerica Bancorporation Tax-Deferred Profit Sharing Plan's numbers.

By total assets, Westamerica Bancorporation Tax-Deferred Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in California. Compare plans
Westamerica Bancorporation's sponsor-wide assets have grown 17.8% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 942156203.