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STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN 401k Plan overview

Plan NameSTATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN
Plan identification number 001

STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

STATE BANK OF INDIA, CALIFORNIA has sponsored the creation of one or more 401k plans.

Company Name:STATE BANK OF INDIA, CALIFORNIA
Employer identification number (EIN):953680060
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01DAVID MAUGER2024-09-18
0012022-01-01BETTY CALDWELL2023-10-06
0012021-01-01BETTY CALDWELL2022-07-26
0012020-01-01BETTY CALDWELL2021-06-24
0012019-01-01BETTY CALDWELL2020-10-13
0012018-01-01LUPE HERRERA2019-10-03
0012017-01-01LUPE HERRERA2018-10-09
0012016-01-01ROBERT STAPP2017-10-13
0012015-01-01MELISSA MELGOSA2016-10-28
0012014-01-01SANJEEV GUPTA2015-06-26 SANJEEV GUPTA2015-06-26
0012013-01-01SANJEEV GUPTA2014-09-12 SANJEEV GUPTA2014-09-12
0012012-01-01SANJEEV GUPTA2013-08-05 SANJEEV GUPTA2013-08-05
0012011-01-01SANJEEV GUPTA2012-09-25 SANJEEV GUPTA2012-09-25
0012010-01-01SANJEEV GUPTA2011-06-16

Plan Statistics for STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN

401k plan membership statisitcs for STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN

Measure Date Value
2025: STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-23113
Total number of particpants at end of year2025-07-23110
Number of Participants With Account Balances2025-07-23107
2024: STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-09-18109
Total number of particpants at end of year2024-09-18109
Number of Participants With Account Balances2024-09-1899

Financial Data on STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN

Measure Date Value
2025 : STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year2025-07-23805390
Net assets as of the end of the plan year2025-07-237526441
Total assets as of the beginning of the plan year2025-07-236308380
Value of plan covered by a fidelity bond2025-07-23500000
Participant contributions to plan in this plan year2025-07-23587023
Value of participant loans at end of plan year2025-07-23152394
Other contributions to plan in this plan year2025-07-23467036
Other income to plan in this plan year2025-07-23819220
Plan net income in this plan year2025-07-231218061
Net assets as of the end of the plan year2025-07-237526441
Net assets as of the beginning of the plan year2025-07-236308380
Employer contributions to plan in this plan year2025-07-23150172
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-2342981
2024 : STATE BANK OF INDIA (CALIFORNIA) 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-09-18668413
Net assets as of the end of the plan year2024-09-186308380
Total assets as of the beginning of the plan year2024-09-185318404
Value of plan covered by a fidelity bond2024-09-185000000
Participant contributions to plan in this plan year2024-09-18579464
Value of participant loans at end of plan year2024-09-18119417
Other contributions to plan in this plan year2024-09-18176396
Other income to plan in this plan year2024-09-18756937
Plan net income in this plan year2024-09-18989976
Net assets as of the end of the plan year2024-09-186308380
Net assets as of the beginning of the plan year2024-09-185318404
Value of contributions failed to transmitted timely2024-09-186504
Employer contributions to plan in this plan year2024-09-18145592
Expensese paid to adminstrative service provicers from plan in this plan year2024-09-1837596

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