401(k) · DOL Form 5500 · 2024
Preferred Bank 401(k) Plan
Data updated 2026-08-11
- $59M
- Total assets
- 288
- Participants
- 86th
- Percentile by assets
- $204,039
- Avg per participant
Official DOL plan name: Preferred Bank 401(k) Profit Sharing Plan · Sponsored by Preferred Bank · California · Finance & Insurance
$59M in assets, 288 participants
Preferred Bank's Preferred Bank 401(k) Profit Sharing Plan reported $59M in total assets and 288 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.
- 86th percentile by assets (of 123,622 plans)
- #6,673 in Finance & Insurance (8,549 peers)
Coverage in California
Preferred Bank 401(k) Profit Sharing Plan covers 288 participants in California, about 46% of the average California filer (state average ~630 per filing). Assets: $59M.
- $59M
- total plan assets (2024 EOY)
- 288
- covered participants
- 86th
- percentile by assets (of 123,622 plans)
- $204,039
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Preferred Bank 401(k) Profit Sharing Plan end-of-year assets rose from $51M in the plan year 2023 filing to $59M in the plan year 2024 filing.
- Preferred Bank 401(k) Profit Sharing Plan reported participants rose from 266 in the plan year 2023 filing to 288 in the plan year 2024 filing.
- Preferred Bank 401(k) Profit Sharing Plan reported net income fell from $9M in the plan year 2023 filing to $8M in the plan year 2024 filing.
Participants vs California filers
In California, the average filing covers about 630 participants across 15,291 plans. Preferred Bank 401(k) Profit Sharing Plan reports 288 participants - about 46% of that state average ($59M EOY assets).
California filing particulars
| Total Assets (Beginning of Year) | $51M |
|---|---|
| Net Assets (End of Year) | $59M |
| Net Income | $8M |
| Employer EIN | 954340199 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Preferred Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 255 | $42M |
| 2023 | 1 | 266 | $51M |
| 2024 | 1 | 288 | $59M |
Nearby 401(k) Plans in California
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Preferred Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
- Google LLC 401(k) Savings Plan $48.7B · 116,712
- Oracle Corporation 401(k) Savings and Investment Plan $31.0B · 58,962
- Intel 401(k) Savings Plan $24.9B · 55,298
- Apple 401(k) Plan $24.7B · 101,450
- Cisco Systems,Inc. 401(k) Plan $22.7B · 40,452
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Preferred Bank 401(k) Profit Sharing Plan by total assets, not by location.
- Beatrice Community Hospital and Health Center, Inc. Employees Savings Trust (NE) $59M · 529
- Star Financial Group, Inc. 401(k) Savings Plan (IN) $59M · 474
- Yam Management 401(k) Plan (AZ) $59M · 1,069
- Beacon Retirement Savings 401(a) Plan (IN) $59M · 1,523
Frequently Asked Questions
How did Preferred Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
How have Preferred Bank plan assets changed over time? ▼
Where does Preferred Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Preferred Bank 401(k) Profit Sharing Plan? ▼
Next read for Preferred Bank 401(k) Profit Sharing Pla…
Filing takeaways
Ways to act on Preferred Bank 401(k) Profit Sharing Plan's numbers.
- By total assets, Preferred Bank 401(k) 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 401(k) plans in California. Compare plans
- Preferred Bank's sponsor-wide assets have grown 39.7% since 2022 across 3 plan years on file. More Finance & Insurance plans