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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
43
68
80
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (71) and the top rated plan (80) could equate to:
[How is this calculated?]
4 additional years of work
Up to $131,500 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 35% of plans for Investment Menu Quality and Salary Deferral. Pacific Mercantile Bank 401k Plan currently has over 300 active participants and over $11.6M in plan assets.


 Investment Menu Statistics

No. of Investment Options
33
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. John Hancock Fund MISC 18%
2. John Hancock Lifestyle Moderate 11%
3. John Hancock Lifestyle Conservative 6%

 Retirement Plan Details

Address 949 South Coast Drive, Suite 300
Costa Mesa, CA 92626 
Industry Commercial Banking
Net Plan Assets $11,600,000
Total Participants 330
Avg Account Balance $41,000

 
Plan Service Providers

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