Heritage Commerce Corp 401(K) Savings Plan — Form 5500 plan (Heritage Commerce Corp)
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, Heritage Commerce Corp 401(K) Savings Plan is a benefit plan reported by Heritage Commerce Corp under EIN 77-0469558 and plan number 003. The latest loaded filing year is 2023. The filing reports 587 participants and $77,541,665 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$77.5MPlan net assets, end of year$77,541,665
Participants587Covered participants reported
Assets / participant$132.1KComputed: assets ÷ participants$132,098 (computed)
Provider compensation$86.8K2 Schedule C provider row(s)$86,782
- Plan sponsor
- Heritage Commerce Corp
- EIN
- 77-0469558
- Plan number
- 003
- Plan type
- 2
- Location
- San Jose, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 587 | H, C | 20241015174004NAL0058983298001 |
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.
Reported balance (end of year)$77.5M total assets
Net assets$77.5MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $77,541,665
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $77,541,665
- Net assets (BOY)
- $65,762,248
Income & contributions
- Employer contributions
- $948,289
- Participant contributions
- $3,689,151
- Total contributions
- $5,141,700
- Total income / additions
- $16,895,916
Expenses & distributions
- Benefits paid
- $5,033,117
- Administrative expenses
- $83,382
- Total expenses
- $5,116,499
- Net increase / (decrease)
- $11,779,417
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.
20%80%
Employer 20%Participant 80%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Cbiz Investment Advisory Services L | INVESTMENT ADVISOR | $54,239 | not reported in the loaded dataset | 2023 |
| Capital Group Retirement Plan Svcs. | RECORDKEEPER | $32,543 | $0 | 2023 |