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Company:
Pacific Mercantile Bank
Plan:
Pacific Mercantile Bank 401k Plan
 

Pacific Mercantile Bank

71 Plan: Pacific Mercantile Bank 401k Plan

 
 
71
17
64
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (71) and the top rated plan (86) could equate to:
[How is this calculated?]
10 additional years of work
Up to $29,100 in lost retirement savings.
The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.

 

Retirement Plan Description

Pacific Mercantile Bank 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 71. This plan is in the top 15% of plans for Investment Menu Quality. Pacific Mercantile Bank 401k Plan currently has over 200 active participants and over $6.8M in plan assets.

 

 Investment Menu Statistics

No. of Investment Options
80
Plan Average: 24
Top 3 Funds in this 401k
1. John Hancock Funds II Lifestyle Moderate 8%
2. Mutual Beacon 6%
3. John Hancock Funds II Lifestyle Conservative 6%

 Retirement Plan Details

Address 949 S. Coast Drive, Third Floor
Costa Mesa, CA 92626 
Industry Commercial Banking
Administrator Barbara Palermo
Net Plan Assets $6,800,000
Total Participants 240
Avg Account Balance $31,000

 Compare Other Companies in Peer Group

Industry Bancshares 70.3
Park Bank 67.6
Plumas Bank 67.1
Cameron State Bank 64.9
First Bank 64.0
Mid Penn Bank 54.3

  Plan Service Providers

Insurance Carrier John Hancock
Insurance Advisor/Broker Woodbury Financial Services, Inc.
Auditor Lesley, Thomas, Schwarz & Postma

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