401k Record

Employers › Bank of Marin

Bank of Marin 401(k)

Recordkeeping fees per participant · Bank of Marin 401(k) Plan · plan year 2024

$152.21

Higher than 78% of the 14,075 plans $10 to 50M that report it.

Source

= $58,146 / 382
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015135714NAL0002406691001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015135714NAL0002406691001, received 2025-10-15

10th: $10.53median $83.9490th: $217.08

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.

Cost and contributions

Administrative expenses excluding investment management, per participant

$192.93

10th: $15.36median $118.8890th: $340.63

Higher than 71% of the 24,371 plans $10 to 50M that report it.

Source

= $73,700 / 382
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015135714NAL0002406691001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015135714NAL0002406691001, received 2025-10-15

Administrative expenses per participant

$192.93

10th: $26.86median $197.2590th: $456.10

Higher than 49% of the 25,098 plans $10 to 50M that report it.

Source

= $73,700 / 382
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015135714NAL0002406691001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015135714NAL0002406691001, received 2025-10-15

Administrative expenses as a share of assets

0.157%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 28% of the 25,132 plans $10 to 50M that report it.

Source

= $73,700 / $46,856,151
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015135714NAL0002406691001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015135714NAL0002406691001, received 2025-10-15

Employer contributions per participant

$2,291

10th: $664median $2,07490th: $4,751

Higher than 56% of the 24,050 plans $10 to 50M that report it.

Source

= $875,193 / 382
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015135714NAL0002406691001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015135714NAL0002406691001, received 2025-10-15

Employer share of total contributions

20.2%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 25% of the 24,084 plans $10 to 50M that report it.

Source

= $875,193 / $4,337,987
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015135714NAL0002406691001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015135714NAL0002406691001, received 2025-10-15

Plan terms, as stated in Bank of Marin's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015135714NAL0002406691001, received 2025-10-15

Full record, Bank of Marin 401(k) Plan

FieldValueSource
Plan sponsorBANK OF MARINForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015135714NAL0002406691001, received 2025-10-15
Plan nameBANK OF MARIN 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251015135714NAL0002406691001, received 2025-10-15
Sponsor EIN / plan number68-0197989 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015135714NAL0002406691001, received 2025-10-15
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015135714NAL0002406691001, received 2025-10-15
Sponsor locationNOVATO, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015135714NAL0002406691001, received 2025-10-15
Industry (business code)522120, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015135714NAL0002406691001, received 2025-10-15
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015135714NAL0002406691001, received 2025-10-15
Filing received2025-10-15Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015135714NAL0002406691001, received 2025-10-15
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015135714NAL0002406691001, received 2025-10-15
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251015135714NAL0002406691001, received 2025-10-15
Participants, beginning of year489Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015135714NAL0002406691001, received 2025-10-15
Active participants278Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015135714NAL0002406691001, received 2025-10-15
Participants, end of year432Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015135714NAL0002406691001, received 2025-10-15
Participants with an account balance382Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015135714NAL0002406691001, received 2025-10-15
Total assets, beginning of year$45,861,587Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015135714NAL0002406691001, received 2025-10-15
Total assets, end of year$46,856,151Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015135714NAL0002406691001, received 2025-10-15
Net assets, end of year$46,856,151Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015135714NAL0002406691001, received 2025-10-15
Total income$10,626,337Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015135714NAL0002406691001, received 2025-10-15
Net income$994,564Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015135714NAL0002406691001, received 2025-10-15
Employer contributions$875,193Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015135714NAL0002406691001, received 2025-10-15
Participant contributions$2,515,834Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015135714NAL0002406691001, received 2025-10-15
Other contributions (incl. rollovers)$946,960Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015135714NAL0002406691001, received 2025-10-15
Total contributions$4,337,987Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015135714NAL0002406691001, received 2025-10-15
Benefit payments$9,558,073Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015135714NAL0002406691001, received 2025-10-15
Total expenses (incl. benefit payments)$9,631,773Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015135714NAL0002406691001, received 2025-10-15
Total administrative expenses$73,700Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015135714NAL0002406691001, received 2025-10-15
Contract administrator fees$15,554Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015135714NAL0002406691001, received 2025-10-15
Recordkeeping fees$58,146Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015135714NAL0002406691001, received 2025-10-15
Administrative expenses excluding investment management$73,700derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015135714NAL0002406691001, received 2025-10-15
Held in common/collective trusts$46,784,057Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251015135714NAL0002406691001, received 2025-10-15
Independent auditorPKF O'CONNOR DAVIES LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015135714NAL0002406691001, received 2025-10-15

Position = column in the DOL layout for form year 2024. Filing 20251015135714NAL0002406691001, received 2025-10-15.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
EMPOWER ANNUITY INSURANCE COMPANYrecordkeeperRECORDKEEPER 64 Recordkeeping fees $58,146yes
PENTEGRA SERVICES INCCONTRACT ADMIN 13 Contract administrator $15,554no

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015135714NAL0002406691001, received 2025-10-15.

What changed since the 2023 plan year

Figure20232024Change
Total assets$45,861,587$46,856,1512.2%
Participants with a balance399382-4.3%
Administrative expenses$121,638$73,700-39.4%
Recordkeeping fees per participant$304.86$152.21-50.1%
Employer contributions$870,686$875,1930.5%

Prior filing 20250123130926NAL0004142675001, received 2025-01-23; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: BANK OF MARIN; SEC registrant: Bank of Marin (CIK 1801145, matched by EIN).