401k Plan data: PREFERRED BANK 401K PROFIT SHARING PLAN plan

PREFERRED BANK 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	PREFERRED BANK 401K PROFIT SHARING PLAN
Plan identification number	002

PREFERRED BANK 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
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.
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

PREFERRED BANK has sponsored the creation of one or more 401k plans.

Company Name: PREFERRED BANK

Employer identification number (EIN): 440162350

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about PREFERRED BANK

Jurisdiction of Incorporation: California Department of State

Incorporation Date:

Company Identification Number: C1801120

More information about PREFERRED BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PREFERRED BANK 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01 RACHEL KELLER 2024-06-11 RACHEL KELLER 2024-06-11
002 2022-01-01 RACHEL KELLER 2023-03-01 RACHEL KELLER 2023-03-01
002 2021-01-01 RACHEL KELLER 2022-09-19 RACHEL KELLER 2022-09-19
002 2020-01-01 RACHEL KELLER 2021-10-12 RACHEL KELLER 2021-10-12
002 2019-01-01 KIM REIGELSBERGER 2020-06-16 KIM REIGELSBERGER 2020-06-16
002 2018-01-01 KIM REIGELSBERGER 2019-06-21 KIM REIGELSBERGER 2019-06-21
002 2017-01-01 KIM REIGELSBERGER 2018-10-04
002 2016-01-01 KIM REIGELSBERGER 2017-04-21
002 2015-01-01 KIM REIGELSBERGER 2016-05-27
002 2014-01-01 KIM REIGELSBERGER 2015-03-16
002 2013-01-01 KIM REIGELSBERGER 2014-08-29
002 2012-01-01 KIM REIGELSBERGER 2013-07-09
002 2011-01-01 KIM REIGELSBERGER 2012-05-04
002 2010-01-01 KIM RIEGELSBERGER 2011-09-07 KIM RIEGELSBERGER 2011-09-07
002 2009-01-01 KIM RIEGELSBERGER KIM RIEGELSBERGER 2011-08-17
002 2009-01-01 KIM RIEGELSBERGER KIM RIEGELSBERGER 2011-02-25

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2023-01-01	RACHEL KELLER	2024-06-11	RACHEL KELLER	2024-06-11
002	2022-01-01	RACHEL KELLER	2023-03-01	RACHEL KELLER	2023-03-01
002	2021-01-01	RACHEL KELLER	2022-09-19	RACHEL KELLER	2022-09-19
002	2020-01-01	RACHEL KELLER	2021-10-12	RACHEL KELLER	2021-10-12
002	2019-01-01	KIM REIGELSBERGER	2020-06-16	KIM REIGELSBERGER	2020-06-16
002	2018-01-01	KIM REIGELSBERGER	2019-06-21	KIM REIGELSBERGER	2019-06-21
002	2017-01-01	KIM REIGELSBERGER	2018-10-04
002	2016-01-01	KIM REIGELSBERGER	2017-04-21
002	2015-01-01	KIM REIGELSBERGER	2016-05-27
002	2014-01-01	KIM REIGELSBERGER	2015-03-16
002	2013-01-01	KIM REIGELSBERGER	2014-08-29
002	2012-01-01	KIM REIGELSBERGER	2013-07-09
002	2011-01-01	KIM REIGELSBERGER	2012-05-04
002	2010-01-01	KIM RIEGELSBERGER	2011-09-07	KIM RIEGELSBERGER	2011-09-07
002	2009-01-01	KIM RIEGELSBERGER		KIM RIEGELSBERGER	2011-08-17
002	2009-01-01	KIM RIEGELSBERGER		KIM RIEGELSBERGER	2011-02-25

Financial Data on PREFERRED BANK 401K PROFIT SHARING PLAN

Measure	Date	Value
2025 : PREFERRED BANK 401K PROFIT SHARING PLAN 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-05-08	31635
Net assets as of the end of the plan year	2025-05-08	1415767
Total assets as of the beginning of the plan year	2025-05-08	1177736
Value of plan covered by a fidelity bond	2025-05-08	500000
Participant contributions to plan in this plan year	2025-05-08	97591
Other income to plan in this plan year	2025-05-08	140074
Plan net income in this plan year	2025-05-08	238031
Net assets as of the end of the plan year	2025-05-08	1415767
Net assets as of the beginning of the plan year	2025-05-08	1177736
Employer contributions to plan in this plan year	2025-05-08	32001
2024 : PREFERRED BANK 401K PROFIT SHARING PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-06-11	17222
Net assets as of the end of the plan year	2024-06-11	1177736
Total assets as of the beginning of the plan year	2024-06-11	927849
Value of plan covered by a fidelity bond	2024-06-11	500000
Participant contributions to plan in this plan year	2024-06-11	89524
Other income to plan in this plan year	2024-06-11	146793
Plan net income in this plan year	2024-06-11	249887
Net assets as of the end of the plan year	2024-06-11	1177736
Net assets as of the beginning of the plan year	2024-06-11	927849
Employer contributions to plan in this plan year	2024-06-11	30792
2022 : PREFERRED BANK 401K PROFIT SHARING PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-09-19	50026
Net assets as of the end of the plan year	2022-09-19	1044589
Total assets as of the beginning of the plan year	2022-09-19	901120
Value of plan covered by a fidelity bond	2022-09-19	500000
Participant contributions to plan in this plan year	2022-09-19	59195
Other income to plan in this plan year	2022-09-19	110782
Plan net income in this plan year	2022-09-19	143469
Net assets as of the end of the plan year	2022-09-19	1044589
Net assets as of the beginning of the plan year	2022-09-19	901120
Employer contributions to plan in this plan year	2022-09-19	23518
2009 : PREFERRED BANK 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for PREFERRED BANK 401K PROFIT SHARING PLAN

2009: PREFERRED BANK 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	Yes
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

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Company Name:	PREFERRED BANK
Employer identification number (EIN):	440162350
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:
Company Identification Number:	C1801120