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

Pacific Mercantile Bank

68 Plan: Pacific Mercantile Bank 401k Plan

 
 
68
35
64
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 20 point difference between this plan's BrightScope Rating (68) and the top rated plan (88) could equate to:
[How is this calculated?]
12 additional years of work
Up to $113,500 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 68. 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 $9.6M in plan assets.


 Investment Menu Statistics

No. of Investment Options
125
Plan Average: 20
Largest Funds in this 401k: based on % allocation of assets
1. John Hancock Funds II Lifestyle Moderate 8%
2. John Hancock Funds II Lifestyle Conservative 6%
3. Vanguard Short-Term Federal 5%

 Retirement Plan Details

Address 949 S. Coast Drive, Third Floor
Costa Mesa, CA 92626 
Industry Commercial Banking
Administrator Barbara Palermo
Net Plan Assets $9,560,000
Total Participants 390
Avg Account Balance $32,000

  Plan Service Providers

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