401k Plan data: OCEANIC BANK 401(K) PLAN plan

OCEANIC BANK 401(K) PLAN 401k Plan overview

Plan Name	OCEANIC BANK 401(K) PLAN
Plan identification number	001

OCEANIC BANK 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

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.

401k Sponsoring company profile

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

Company Name: OCEANIC BANK

Employer identification number (EIN): 942713087

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about OCEANIC BANK

Jurisdiction of Incorporation: California Department of State

Incorporation Date: 1980-12-01

Company Identification Number: C1011002

Legal Registered Office Address: 130 Battery St

San Francisco
United States of America (USA)
94111

More information about OCEANIC BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan OCEANIC BANK 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 ESTRELLA UY
001 2009-01-01 CHRIS LEUNG

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2011-01-01	ESTRELLA UY
001	2009-01-01	CHRIS LEUNG

Plan Statistics for OCEANIC BANK 401(K) PLAN

401k plan membership statisitcs for OCEANIC BANK 401(K) PLAN

Measure Date Value
2011: OCEANIC BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 33
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 29
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 6
Total of all active and inactive participants 2011-01-01 35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 35
Number of participants with account balances 2011-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: OCEANIC BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 34
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 29
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 5
Total of all active and inactive participants 2009-01-01 34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 34
Number of participants with account balances 2009-01-01 33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: OCEANIC BANK 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	33
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	29
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	6
Total of all active and inactive participants	2011-01-01	35
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	35
Number of participants with account balances	2011-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: OCEANIC BANK 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	34
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	29
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	5
Total of all active and inactive participants	2009-01-01	34
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	34
Number of participants with account balances	2009-01-01	33
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on OCEANIC BANK 401(K) PLAN

Measure	Date	Value
2011 : OCEANIC BANK 401(K) PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$133,952
Expenses. Total of all expenses incurred	2011-12-31	$1,990
Benefits paid (including direct rollovers)	2011-12-31	$1,690
Total plan assets at end of year	2011-12-31	$1,808,839
Total plan assets at beginning of year	2011-12-31	$1,676,877
Value of fidelity bond covering the plan	2011-12-31	$2,800,000
Total contributions received or receivable from participants	2011-12-31	$134,611
Other income received	2011-12-31	$-39,754
Net income (gross income less expenses)	2011-12-31	$131,962
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,808,839
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,676,877
Assets. Value of participant loans	2011-12-31	$61,216
Total contributions received or receivable from employer(s)	2011-12-31	$39,095
Expenses. Administrative service providers (salaries,fees and commissions)	2011-12-31	$300
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
2010 : OCEANIC BANK 401(K) PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$327,992
Expenses. Total of all expenses incurred	2010-12-31	$108,166
Benefits paid (including direct rollovers)	2010-12-31	$107,865
Total plan assets at end of year	2010-12-31	$1,676,877
Total plan assets at beginning of year	2010-12-31	$1,457,051
Value of fidelity bond covering the plan	2010-12-31	$2,800,000
Total contributions received or receivable from participants	2010-12-31	$127,460
Other income received	2010-12-31	$162,000
Net income (gross income less expenses)	2010-12-31	$219,826
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,676,877
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$1,457,051
Assets. Value of participant loans	2010-12-31	$67,624
Total contributions received or receivable from employer(s)	2010-12-31	$38,532
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$301
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : OCEANIC BANK 401(K) 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 OCEANIC BANK 401(K) PLAN

2011: OCEANIC BANK 401(K) PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: OCEANIC BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
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 funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Potentially related plans

OCEANIC BANK 401(K) PLAN [EIN = 912115369]

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Company Name:	OCEANIC BANK
Employer identification number (EIN):	942713087
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	California Department of State
Incorporation Date:	1980-12-01
Company Identification Number:	C1011002
Legal Registered Office Address:	130 Battery St San Francisco United States of America (USA) 94111