Silvergate Bank 401(K) Retirement Savings Plan — Form 5500 plan (Silvergate Bank)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Silvergate Bank 401(K) Retirement Savings Plan is a benefit plan reported by Silvergate Bank under EIN 33-0244449 and plan number 001. The latest loaded filing year is 2023. The filing reports 614 participants and $0 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$0Plan net assets, end of year
Participants614Covered participants reported
Assets / participant$0Computed: assets ÷ participants$0 (computed)
Provider compensation$58.8K4 Schedule C provider row(s)$58,829
Plan sponsor
Silvergate Bank
EIN
33-0244449
Plan number
001
Plan type
2
Location
La Jolla, CA
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    614 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Money in vs. money out
Total income / additions$3.9M
Total expenses$24.9M
Benefits paid / distributions$24.9M
Contributions
Employer$520.5K
Participant$1.8M
Full reported line items

Net assets

Total assets (EOY)
$0
Total liabilities (EOY)
$0
Net assets (EOY)
$0
Net assets (BOY)
$21,058,703

Income & contributions

Employer contributions
$520,531
Participant contributions
$1,840,637
Total contributions
$2,490,692
Total income / additions
$3,871,524

Expenses & distributions

Benefits paid
$24,871,824
Administrative expenses
$58,403
Total expenses
$24,930,227
Net increase / (decrease)
-$21,058,703
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 22%Participant 78%
Benefits paid ÷ total income642%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    RECORDKEEPER · Direct $41.7K · Indirect $0
  2. 2
    CONTRACT ADMIN · Direct $11.8K
  3. 3
    INVESTMENT MGMT · Direct $5.3K
  4. 4
    INVESTMENT PROVIDER · Direct $0

What to inspect next

Frequently asked questions

Who sponsors the Silvergate Bank 401(K) Retirement Savings Plan?
Silvergate Bank 401(K) Retirement Savings Plan is reported as sponsored by Silvergate Bank (EIN 33-0244449, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Silvergate Bank 401(K) Retirement Savings Plan?
The latest Form 5500 filing year loaded for Silvergate Bank 401(K) Retirement Savings Plan is 2023.
How many participants does Silvergate Bank 401(K) Retirement Savings Plan report?
Silvergate Bank 401(K) Retirement Savings Plan reports 614 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Silvergate Bank 401(K) Retirement Savings Plan?
Silvergate Bank 401(K) Retirement Savings Plan reports $0 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages