401(k) · DOL Form 5500 · 2024

Preferred Bank 401(k) Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
288
Participants Below avg headcount
86th
Percentile by assets National rank
$204,039
Avg per participant Above avg balance/head
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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.

  • #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.

#6,673
in Finance & Insurance (8,549 peers)
+16.0%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Preferred Bank 401(k) Profit Sharing Plan's outsized position by total assets

Preferred Bank 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$58,763,278 Top 14% higher than 86% of 123,620 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 2024

Preferred Bank 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Preferred Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (288 participants).

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.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 954340199 · Preferred Bank PY 2024 · 401(k)

Preferred Bank 401(k) Profit Sharing Plan · $59M · 288 · 86th

  • ASSETS $59M
  • ASSETS 288
  • ASSETS 86th
  • ASSETS 401(k)
  • ASSETS near Beatrice Community Hospital and Health Center, Inc. Employees Savings Trust
  • ASSETS ind #6673

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 →

Preferred Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Beacon Retirement Savings 401(a) PlanBeacon Retirement Savings 40…$59MPreferred Bank 401(k) Profit Sharing PlanPreferred Bank 401(k) Profit…$59MBeatrice Community Hospital and Health Center, Inc. Employees Savings TrustBeatrice Community Hospital …$59MStar Financial Group, Inc. 401(k) Savings PlanStar Financial Group, Inc. 4…$59MYam Management 401(k) Plan$59M
End-of-year total assets ($M) among Preferred Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

California filing particulars

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$59M
Net Income$8M
Employer EIN954340199
Plan Effective Date1994-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Preferred Bank)

Sponsor-wide plan assets over time

All Preferred Bank plans reported in each filing year

Latest sponsor-wide plan assets
$59M 39.74941255487581% vs 2022
2024 filing year
$40M$50M$60M$70M 202220232024 $42.1M $58.8M ▲ +39.7%
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 Scatter plot of 6 data points. -50000050000100000150000 -200204060 Total assets ($B) Participants Preferred Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.058763278 · Participants: 288Preferred Bank 401(k) Profit Sharing PlanGoogle LLC 401(k) Savings Plan, Total assets ($B): 48.738057415 · Participants: 116712Google LLC 401(k) Savings PlanOracle Corporation 401(k) Savings and Investment Plan, Total assets ($B): 31.02646504 · Participants: 58962Oracle Corporation 401(k) Savings and Investment PlanIntel 401(k) Savings Plan, Total assets ($B): 24.850880304 · Participants: 55298Intel 401(k) Savings PlanApple 401(k) Plan, Total assets ($B): 24.714519387 · Participants: 101450Apple 401(k) PlanCisco Systems,Inc. 401(k) Plan, Total assets ($B): 22.728425546 · Participants: 40452Cisco Systems,Inc. 401(k) Plan
Preferred Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in California, assets vs. participants
Compare Preferred Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

Preferred Bank 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside California, the nearest 401(k) by assets is Beatrice Community Hospital and Health Center, Inc. Employees Savings Trust in NE ($59M); by covered participants it is Dhaliwal Labs 401(k) Plan in IL (288 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (288 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Preferred Bank 401(k) Profit Sharing Plan assets move in 2024? ▼
Preferred Bank 401(k) Profit Sharing Plan grew sharply - up 16.0% during 2024, from $51M to $59M. Reported net income was $8M.
How have Preferred Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Preferred Bank's sponsor-wide assets grew 39.7%, from $42M to $59M.
Where does Preferred Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Preferred Bank 401(k) Profit Sharing Plan ranks in the 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Preferred Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Beatrice Community Hospital and Health Center, Inc. Employees Savings Trust in NE ($59M, 529 participants).
Which 401(k) plans cover a similar participant headcount to Preferred Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dhaliwal Labs 401(k) Plan in IL (288 participants, $3M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 954340199.

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.