PACIFIC CITY BANK 401(K) PLAN

At the end of 2021, the total retirement plan assets of PACIFIC CITY BANK 401(K) PLAN is $31,441,537.This plan was established in 2022.

At the end of 2021, the total number of retirement plan participants in PACIFIC CITY BANK 401(K) PLAN is 316

In 2021, the average participant retirement account value for PACIFIC CITY BANK 401(K) PLAN is $99,498

In 2021, the estimated average employee contribution amount per participant for PACIFIC CITY BANK 401(K) PLAN is $5,368

In 2021, the estimated average employer match for an employee in PACIFIC CITY BANK 401(K) PLAN is approximately $2,823

In 2021, PACIFIC CITY BANK 401(K) PLAN allocates $892,339 to match its employees’ contributions, providing an employer match rate of 52.60% of their contributions

In 2021, the total retirement plan asset growth rate of PACIFIC CITY BANK 401(K) PLAN is 26.44%

In 2021, the estimated aggregate retirement account investment gain/loss for PACIFIC CITY BANK 401(K) PLAN is 15.80%. This measures the effectiveness of the plan participants’ investments in the year.

In 2021, the investment and administrative expense ratio of PACIFIC CITY BANK 401(K) PLAN is 0.01%.

Enrollment Features

PACIFIC CITY BANK 401(K) PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.