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SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NameSQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 002

SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 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.
  • 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

PACWEST BANCORP has sponsored the creation of one or more 401k plans.

Company Name:PACWEST BANCORP
Employer identification number (EIN):330885320
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about PACWEST BANCORP

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 4523304

More information about PACWEST BANCORP

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022016-01-01
0022016-01-01
0022015-01-01
0022009-01-01PATRICIA ROSA

Plan Statistics for SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST

401k plan membership statisitcs for SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2016: SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2016 401k membership
Total participants, beginning-of-year2016-01-01131
Total number of active participants reported on line 7a of the Form 55002016-01-010
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-010
Total of all active and inactive participants2016-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-010
Number of participants with account balances2016-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2015 401k membership
Total participants, beginning-of-year2015-01-01289
Total number of active participants reported on line 7a of the Form 55002015-01-01252
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0162
Total of all active and inactive participants2015-01-01314
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-01314
Number of participants with account balances2015-01-01131
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2009: SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2009 401k membership
Total participants, beginning-of-year2009-01-01165
Total number of active participants reported on line 7a of the Form 55002009-01-010
Total of all active and inactive participants2009-01-010
Total participants2009-01-010

Financial Data on SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2016 : SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-07-26$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-07-26$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-07-26$0
Total income from all sources (including contributions)2016-07-26$-58,562
Total loss/gain on sale of assets2016-07-26$0
Total of all expenses incurred2016-07-26$1,183,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-07-26$1,181,669
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-07-26$0
Value of total assets at end of year2016-07-26$0
Value of total assets at beginning of year2016-07-26$1,242,362
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-07-26$2,131
Total interest from all sources2016-07-26$0
Total dividends received (eg from common stock, registered investment company shares)2016-07-26$1,219
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-07-26Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-07-26$0
Total dividends received from registered investment company shares (eg mutual funds)2016-07-26$1,219
Was this plan covered by a fidelity bond2016-07-26Yes
Value of fidelity bond cover2016-07-26$10,000,000
If this is an individual account plan, was there a blackout period2016-07-26No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-07-26$0
Were there any nonexempt tranactions with any party-in-interest2016-07-26No
Administrative expenses (other) incurred2016-07-26$1,731
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-07-26No
Value of net income/loss2016-07-26$-1,242,362
Value of net assets at end of year (total assets less liabilities)2016-07-26$0
Value of net assets at beginning of year (total assets less liabilities)2016-07-26$1,242,362
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-07-26No
Were any loans by the plan or fixed income obligations due to the plan in default2016-07-26No
Were any leases to which the plan was party in default or uncollectible2016-07-26No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-07-26$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-07-26$1,212,501
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-07-26$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-07-26$29,861
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-07-26$29,861
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-07-26$-59,781
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-07-26No
Was there a failure to transmit to the plan any participant contributions2016-07-26No
Has the plan failed to provide any benefit when due under the plan2016-07-26No
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-07-26$1,181,669
Contract administrator fees2016-07-26$400
Did the plan have assets held for investment2016-07-26No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-07-26No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-07-26Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-07-26Yes
Opinion of an independent qualified public accountant for this plan2016-07-26Disclaimer
Accountancy firm name2016-07-26GRANT THORNTON LLP
Accountancy firm EIN2016-07-26366055558
Total unrealized appreciation/depreciation of assets2016-05-12$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-05-12$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-05-12$0
Total income from all sources (including contributions)2016-05-12$-58,562
Total loss/gain on sale of assets2016-05-12$0
Total of all expenses incurred2016-05-12$1,183,800
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-05-12$1,181,669
Expenses. Certain deemed distributions of participant loans2016-05-12$0
Value of total corrective distributions2016-05-12$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-05-12$0
Value of total assets at end of year2016-05-12$0
Value of total assets at beginning of year2016-05-12$1,242,362
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-05-12$2,131
Total interest from all sources2016-05-12$7
Total dividends received (eg from common stock, registered investment company shares)2016-05-12$1,212
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-05-12Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2016-05-12$0
Total dividends received from registered investment company shares (eg mutual funds)2016-05-12$1,212
Assets. Real estate other than employer real property at end of year2016-05-12$0
Assets. Real estate other than employer real property at beginning of year2016-05-12$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2016-05-12$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2016-05-12$0
Was this plan covered by a fidelity bond2016-05-12No
If this is an individual account plan, was there a blackout period2016-05-12No
Were there any nonexempt tranactions with any party-in-interest2016-05-12No
Contributions received from participants2016-05-12$0
Participant contributions at end of year2016-05-12$0
Participant contributions at beginning of year2016-05-12$0
Participant contributions at end of year2016-05-12$0
Participant contributions at beginning of year2016-05-12$0
Assets. Other investments not covered elsewhere at end of year2016-05-12$0
Assets. Other investments not covered elsewhere at beginning of year2016-05-12$0
Income. Received or receivable in cash from other sources (including rollovers)2016-05-12$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2016-05-12$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2016-05-12$0
Assets. Loans (other than to participants) at end of year2016-05-12$0
Assets. Loans (other than to participants) at beginning of year2016-05-12$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2016-05-12$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2016-05-12$0
Administrative expenses (other) incurred2016-05-12$1,731
Liabilities. Value of operating payables at end of year2016-05-12$0
Liabilities. Value of operating payables at beginning of year2016-05-12$0
Total non interest bearing cash at end of year2016-05-12$0
Total non interest bearing cash at beginning of year2016-05-12$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-05-12No
Value of net income/loss2016-05-12$-1,242,362
Value of net assets at end of year (total assets less liabilities)2016-05-12$0
Value of net assets at beginning of year (total assets less liabilities)2016-05-12$1,242,362
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-05-12No
Were any loans by the plan or fixed income obligations due to the plan in default2016-05-12No
Were any leases to which the plan was party in default or uncollectible2016-05-12No
Assets. partnership/joint venture interests at end of year2016-05-12$0
Assets. partnership/joint venture interests at beginning of year2016-05-12$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-05-12$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-05-12$1,212,501
Interest on participant loans2016-05-12$7
Value of interest in master investment trust accounts at end of year2016-05-12$0
Value of interest in master investment trust accounts at beginning of year2016-05-12$0
Value of interest in common/collective trusts at end of year2016-05-12$0
Value of interest in common/collective trusts at beginning of year2016-05-12$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2016-05-12$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2016-05-12$29,861
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2016-05-12$29,861
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-05-12$0
Assets. Value of investments in 103.12 investment entities at end of year2016-05-12$0
Assets. Value of investments in 103.12 investment entities at beginning of year2016-05-12$0
Asset value of US Government securities at end of year2016-05-12$0
Asset value of US Government securities at beginning of year2016-05-12$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-05-12$-59,781
Net investment gain/loss from pooled separate accounts2016-05-12$0
Net investment gain or loss from common/collective trusts2016-05-12$0
Net gain/loss from 103.12 investment entities2016-05-12$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-05-12No
Was there a failure to transmit to the plan any participant contributions2016-05-12No
Has the plan failed to provide any benefit when due under the plan2016-05-12No
Assets. Invements in employer securities at beginning of year2016-05-12$0
Assets. Value of employer real property at end of year2016-05-12$0
Assets. Value of employer real property at beginning of year2016-05-12$0
Contributions received in cash from employer2016-05-12$0
Employer contributions (assets) at end of year2016-05-12$0
Employer contributions (assets) at beginning of year2016-05-12$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-05-12$1,181,669
Asset. Corporate debt instrument preferred debt at end of year2016-05-12$0
Asset. Corporate debt instrument preferred debt at beginning of year2016-05-12$0
Asset. Corporate debt instrument debt (other) at end of year2016-05-12$0
Asset. Corporate debt instrument debt (other) at beginning of year2016-05-12$0
Contract administrator fees2016-05-12$400
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-05-12No
Assets. Corporate common stocks other than exployer securities at end of year2016-05-12$0
Assets. Corporate common stocks other than exployer securities at beginning of year2016-05-12$0
Liabilities. Value of benefit claims payable at end of year2016-05-12$0
Liabilities. Value of benefit claims payable at beginning of year2016-05-12$0
Assets. Value of buildings and other operty used in plan operation at end of year2016-05-12$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2016-05-12$0
Did the plan have assets held for investment2016-05-12Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-05-12No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-05-12No
Liabilities. Value of acquisition indebtedness at end of year2016-05-12$0
Liabilities. Value of acquisition indebtedness at beginning of year2016-05-12$0
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-05-12Yes
Opinion of an independent qualified public accountant for this plan2016-05-12Disclaimer
Accountancy firm name2016-05-12GRANT THORNTON
Accountancy firm EIN2016-05-12366055558
2015 : SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total transfer of assets from this plan2015-12-31$113,684
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$2,823,732
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$14,078,794
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$14,062,448
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$2,961,650
Value of total assets at end of year2015-12-31$1,242,362
Value of total assets at beginning of year2015-12-31$12,611,108
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$16,346
Total interest from all sources2015-12-31$4,149
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$411,133
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2015-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2015-12-31$411,133
Administrative expenses professional fees incurred2015-12-31$16,346
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$1,648,390
Participant contributions at end of year2015-12-31$0
Participant contributions at beginning of year2015-12-31$146,272
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$285,515
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-11,255,062
Value of net assets at end of year (total assets less liabilities)2015-12-31$1,242,362
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$12,611,108
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2015-12-31$1,212,501
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2015-12-31$11,970,848
Interest on participant loans2015-12-31$4,149
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2015-12-31$29,861
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2015-12-31$493,988
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2015-12-31$493,988
Net investment gain/loss from registered investment companies (e.g. mutual funds)2015-12-31$-553,200
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$1,027,745
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$14,062,448
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31GRANT THORNTON LLP
Accountancy firm EIN2015-12-31366055558

Form 5500 Responses for SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST

2016: SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingYes
2016-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedYes
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2009: SQUARE 1 BANK 401(K) PROFIT SHARING PLAN & TRUST 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingYes
2009-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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